| March 25, 2024 | | | | | Jeff Bergstrom
Editor
John Lothian News | |
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| | | | Observations & Insight | | |
Trading Technologies Unveils Growth Strategy at FIA Boca: Innovations, Acquisitions, and Expansions Set New Course in Capital Markets
JohnLothianNews.com
At the FIA International Futures Industry Conference in Boca Raton, Florida, John Lothian News interviewed Trading Technologies executives Keith Todd and Justin Llewellyn-Jones. Todd and Llewellyn-Jones shared their vision for the company's growth, centered around innovation and evolution in the capital markets.
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De'Ana Dow Reflects on Trailblazing Regulatory Career and FIA Hall of Fame Induction: From Audit Trails to Advocacy
JohnLothianNews.com
At the FIA International Futures Industry Conference in Boca Raton, FL, De'Ana Dow, partner at Capitol Counsel LLC and inductee into the FIA Hall of Fame Class of 2024, was interviewed by John Lothian News. Dow expressed surprise at her Hall of Fame nomination, saying, "I was completely shocked... never in a million years did I think I'd be considered, let alone selected."
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| | | | | | Lead Stories | | | Reddit options launch draws bulls as shares extend gains
Saqib Iqbal Ahmed - Reuters
Options on Reddit (RDDT.N) drew a flurry of bullish bets on Monday as the social media platform's stock rallied as much as 16% after last week's strong market debut.
Reddit shares soared 48% on the New York Stock Exchange as the company went public on Thursday, despite posting no annual profit since its launch in 2005.
/jlne.ws/3IQzUeI
Goldman Seeing 'Resurgence of Interest' for Crypto Options From Hedge Fund Clients
Bloomberg via Coindesk
Hedge fund clients of U.S. banking giant Goldman Sachs (GS) have become more active in crypto options trading this year, Bloomberg reported on Monday.
After a quieter 2023, the approval of spot bitcoin exchange-traded funds (ETFs) in the U.S. in January has triggered a "resurgence of interest" from Goldman clients, Max Minton, Asia Pacific head of digital assets, said in an interview with Bloomberg.
/jlne.ws/3Twz63I
The Short-Vol Trade Is Back: Why Some Investors Think It's Driving Tranquility in Markets; Investors are pouring money into derivative-income funds that sell options contracts to juice income
Charley Grant - The Wall Street Journal
The stock market is calmer than it has been in years. Some worry that a popular strategy is contributing to the tranquility. Measures of market volatility have fallen to levels last seen in 2018, while major stock indexes have climbed to repeated all-time highs. The S&P 500 is up 9.7% in 2024 and has set 20 closing records.
/jlne.ws/3PD4zjr
Speculators Catapult Aussie Short Bets to Record Amid China Woes
Ruth Carson - Bloomberg
Speculative investors ratcheted up bearish Australian dollar wagers to the most on record after jitters around China hammered risk sentiment.
An aggregate gauge of investor positioning in the Aussie â net non-commercial futures and options positions â showed the most selling pressure since at least 1995, according to Commodity Futures Trading Commission data for the week to March 19.
/jlne.ws/4avfQum
Equinix commences investigation into short-seller Hindenburg's report
Reuters
Data center firm Equinix said on Monday its audit committee has commenced an independent investigation into the allegations made by short-seller Hindenburg Research in its report last week.
Hindenburg in its report alleged that Equinix, which operates as a real estate investment trust, was using an accounting trick to boost its adjusted funds from operations â a profitability metric for REITs.
/jlne.ws/4cJlnzp
Meet the fastest growing ETF firms in the US
Will Schmitt - Financial Times
Just three providers control about 75 per cent of the assets in US exchange traded funds these days: BlackRock, Vanguard, and State Street Global Advisors. But, beyond these dominant players, dozens of other asset managers â big and small â are waging an increasingly intense battle for the remaining quarter of the $8tn ETF market.
And many of those smaller fish are active managers looking to attract the wave of investor dollars seeking an alternative to the predominantly passive strategies offered by the Big Three firms.
/jlne.ws/4cyE2xt
| | | | | | Exchanges | | | MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options And MIAX Emerald Options For Newly Listed Symbol RDDT Effective Monday, March 25, 2024
MIAX
Reddit, Inc. (RDDT) will start trading on MIAX Options, MIAX Pearl Options and MIAX Emerald Options beginning Monday, March 25, 2024. NYSE is the "market for the underlying security" for the purpose of Openings on the Exchange.
/jlne.ws/3IRUUSd
| | | | | | Technology | | | Phillip Nova offers trading of Istanbul-quoted futures via Trading Technologies link
The Edge Singapore
Phillip Nova is offering trading of index futures listed on the Borsa Istanbul Derivatives Exchange via its link to the Trading Technologies International, Inc. (TT) global capital markets technology platform. According to Phillip Nova, which rebranded recently from Phillip Futures, its clients can now tap on TT's full suite of tools in charting and analytics to trade the full suite of derivatives products listed on Borsa Istanbul.
/jlne.ws/3x6CRFf
| | | | | | Strategy | | | Financial advisers seek guidance on recommending bitcoin ETFs; Now that 'spot' funds have regulatory approval, due diligence experts will help decide if they can be offered to clients
Will Schmitt - Financial Times
Now that exchange traded funds holding actual bitcoin â rather than futures contracts â have finally been given the go-ahead, a new process has begun: winning over the due diligence experts used by client-facing financial advisers.
The first ten of these new 'spot' bitcoin ETFs have already made an impact, attracting inflows of more than $7bn, combined, in less than two months after their January launch â before a more recent reverse.
/jlne.ws/3VzAYLK
Actionable Today
Cboe (Video)
In #Vol411, Joel Hawthorne @louiswinthrop covers Friday's most traded index and equity options, the most active options #trading today and important economic data coming up this week.
/jlne.ws/3TQ92BR
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| | | | John Lothian News (JLN) is the news division of John J. Lothian & Company, Inc. (JJLCO). The online media and financial services firm is staffed by derivatives industry, journalism and technology professionals. | | | | | | | John Lothian News Editorial Staff: | | | John Lothian
Publisher | | | Sarah Rudolph
Editor-in-Chief
| | | Jeff Bergstrom
Editor
| | | Asma Awass
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