LEAD STORIES
SEC May Put Codes on Biggest Traders, Cap Option Fees
Suspicion that strategies used at high-frequency trading firms and hedge funds are hurting markets has led the Securities and Exchange Commission to propose assigning identification codes to monitor the largest stock traders and putting a 30 cent cap on fees for options transactions.
Link to Bloomberg story: http://jlne.ws/bKK32h
Same subject:
SEC Considering Access-Fee Cap For Some Options Exchanges
Dow Jones Newswires
"The proposal seeks to more closely align the actual cost of executing an options trade with the additional costs of accessing quotes on exchanges and the wide range of fees charged by different markets..."
http://jlne.ws/bxYMJx
SEC: Considers Extending Transparency Efforts To Option Mkt
MarketNews.com
http://jlne.ws/bveTeH
Different subject:
NYSE Euronext Names Steven Crutchfield CEO of NYSE Amex Options
NYSE Amex options, one of NYSE Euronext’s two U.S. options exchanges, has hired Steve Crutchfield as its chief executive officer, a newly created position. Crutchfield will be responsible for the day-to-day management of NYSE Amex options, and upon receiving SEC approval for its previously-announced semi-mutualization, he will also be a primary liaison to the exchange’s newly-formed board of directors. He will report to Ed Boyle, the executive vice president of NYSE Euronext
Link to press release: http://jlne.ws/cNqO0w
NYSE Euronext Taps Crutchfield To Be Chief At Amex Options
The Wall Street Journal
"...The move pushes the Amex platform farther along in NYSE Euronext's plan to run it in partnership with the seven bank and trading firm partners it announced last fall. It has helped to increase Amex's overall market share in recent months."
http://jlne.ws/92ngdy
SEC May Put Codes on Biggest Traders, Cap Option Fees
Suspicion that strategies used at high-frequency trading firms and hedge funds are hurting markets has led the Securities and Exchange Commission to propose assigning identification codes to monitor the largest stock traders and putting a 30 cent cap on fees for options transactions.
Link to Bloomberg story: http://jlne.ws/bKK32h
Same subject:
SEC Considering Access-Fee Cap For Some Options Exchanges
Dow Jones Newswires
"The proposal seeks to more closely align the actual cost of executing an options trade with the additional costs of accessing quotes on exchanges and the wide range of fees charged by different markets..."
http://jlne.ws/bxYMJx
SEC: Considers Extending Transparency Efforts To Option Mkt
MarketNews.com
http://jlne.ws/bveTeH
Different subject:
NYSE Euronext Names Steven Crutchfield CEO of NYSE Amex Options
NYSE Amex options, one of NYSE Euronext’s two U.S. options exchanges, has hired Steve Crutchfield as its chief executive officer, a newly created position. Crutchfield will be responsible for the day-to-day management of NYSE Amex options, and upon receiving SEC approval for its previously-announced semi-mutualization, he will also be a primary liaison to the exchange’s newly-formed board of directors. He will report to Ed Boyle, the executive vice president of NYSE Euronext
Link to press release: http://jlne.ws/cNqO0w
NYSE Euronext Taps Crutchfield To Be Chief At Amex Options
The Wall Street Journal
"...The move pushes the Amex platform farther along in NYSE Euronext's plan to run it in partnership with the seven bank and trading firm partners it announced last fall. It has helped to increase Amex's overall market share in recent months."
http://jlne.ws/92ngdy
EXCHANGES
Falling Volatility Doesn't Mean a Market Top Is Near
The Wall Street Journal
"The CBOE Market Volatility Index's slide to near three-year lows this week is more representative of a lack of conviction in either direction than just complacency."
http://jlne.ws/bAZolJ
Options Trader Alert #2010 - 25
PHLX Announces Professional Order Routing Fees Effective Friday, April 16, 2010
NASDAQ OMX PHLX will introduce routing fees for professional orders effective for trades settling on or after Monday, April 19, 2010 (trade date Friday, April 16, 2010).
http://jlne.ws/aPvIVk
Options Regulatory Alert #2010 - 8
PHLX Announces Margin Levels for Select Currency Options, Effective Immediately
Effective immediately, margin levels will be set for select foreign currency options, also known as PHLX World Currency Options (WCOs).
http://jlne.ws/adR59B
TECHNOLOGY
Neonet/Orc Shakes Up Team
Following the merger of Orc Software AB and Neonet AB, Simon Nathanson will leave his position as CEO of Neonet AB and its subsidiaries as of April 16, 2010. Because of the change of ownership at Neonet, Neonet's CFO Maria Åkrans will also leave her position. The Board of Directors has appointed Orc Software's CEO Thomas Bill as the new CEO of Neonet AB (publ) and its subsidiaries Neonet Securities AB and Neonet Technology AB.
http://jlne.ws/dAEmc3
