Commentary

Joanna Fields
Traders Magazine Online News

Navigating Cybersecurity on a Stretch of "Regulatory Rapids"

In this shared commentary, Aplomb Strategies writes that when considering a firm’s governance structure, a holistic approach makes the most sense.

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More News - Options

September US Options Volume Slips, But Still Outpacing 2016

Despite a September that saw monthly US options volumes drop 55.9 million contracts, year-to-date volume totals remain 1.8% ahead of the same period last year.

CME Group Launched Wednesday Weekly FX Options

The CME recently announced that it was launching, pending regulator approval, Wednesday Weekly FX options (Wednesday options) amid growth in existing Weekly FX options, which expire on Friday.

Options Market Plugs Away

For exchanges, trade handlers and technology providers, the U.S. options market recently has been the equivalent to a three-star restaurant review on Yelp: the meal was okay, it had its moments and there was no big problem, but overall it wasn’t anything to get excited about.

BOX Files for Floor Fee

The BOX Options Exchange has filed a request with the US Securities and Exchange Commission to establish a $1,500 per month booth fee for its recently open-outcry trading floor.

BOX Open Outcry Trading Floor Set to Open

Traders in the Windy City are about to get a new trading floor to trade options contracts but with a twist – live open outcry traders working orders the old-fashioned way – via telephones and voice.

US Options Volume Drifts Higher in June as Volatility Remains Muted

Listed options volume totaled 374.4 million in June 2017, an increase of 7.8 million contracts from May 2017 and a 1.8 percent increase from June 2016, according to the latest options LiquidityMatrix report from Tabb Group.

FLASHBACK FRIDAY: New York Stock Exchange Roils Options World

It was a time of acquisition mania in the options mart back in 2005 as the NYSE has just purchased rival Arca Ex, which in turn had itself just acquired the Pacific Coast Exchange. The grab for market share in these equity derivatives exchanges was the key to profitability, the thinking went. But compared to today’s trend of increased fragmentation in options, the idea of monopoly or oligopoly seems ludicrous.

Options Are Effective Means to Increase Alpha

According to Grant Johnsey, Head of Institutional Sales at Northern Trust’s Brokerage division, who recently spoke with Traders Magazine, options can be effectively used in a buy-side trader’s portfolio easily and boost his alpha capture.

Providing Stability for the U.S. Listed Equity Options Market

In this blog shared with Traders Magazine, the CEO of the OCC shares his thoughts on what keeps him up at night - financial tax reform.

S3 Launches Options Best Ex 2.0 Execution Analysis System

S3 has added midpoint analytics to help measure best execution.

WEX Launches RFQ System to Mirror High Touch Execution in Options

Wolverine Execution Services announced today the launch of “Request For Quote” which shortens the traditionally long and potentially error-prone process down to a simple and shorter electronic one.

FLASHBACK FRIDAY: Exchange Fatigue

After Reg NMS was born and gave birth to dozens of public and private stocks exchange, derivatives were still traded among a handful of venues. But then in the shadows of the 2007 financial crisis, new exchanges looking to grab options market share sprang up. Let’s take a look at the birth of fragmentation – in the options market – which is still going strong today.

Options Market Structure: Fragmented Reality

In this contributed blog from FlexTrade, author Ivy Schmerken writes that some experts are debating whether the complexity of the listed U.S. options market structure is hurting liquidity providers and driving some market makers out of the business.

Two Sigma Securities to Buy US Options-Market-Making Business of Interactive Brokers

Two Sigma Securities, the market-making affiliate of Two Sigma Investments, has reached an agreement to acquire the U.S. options-market-making business of Timber Hill, a subsidiary of Interactive Brokers Group, the companies announced today.

More Fragmentation, Fewer Market Makers Seen in Options Mart

There’s more going on in the options market than meets the eye. In a recent STA call, WEX's Jason Lichten said he expects more fragmentation and market making to remain a tough business.