Cftc And Eu Agree To Overseas Swaps Trading Rules

Macro Trading Macro trading, which includes interest-rates and currency trading, probably contributed to the decline in 2013. Rates trading at the 10 largest global investment banks fell 40 percent in the first nine months of 2013, according to industry analytics firm Coalition Ltd. Goldman Sachs said its currency business had difficulty managing inventory in the third third quarter as the firm posted its worst fixed-income trading revenue since the credit crisis. The firm still generated the most revenue from equities trading and has pointed to its return-on-equity, the highest among the worlds biggest investment banks last year, as a sign of its outperformance as industrywide revenue has slumped. ROE is a measure of how well a company reinvests profit to generate additional earnings.
Source: http://www.bloomberg.com/news/2014-02-10/goldman-sachs-names-varadhan-co-head-of-trading-unit.html

Implementation in the EU and United States, however, has raised the prospect of unfair double compliance which banks and businesses say would bump up costs and encourage them to trade elsewhere in the world. In a joint statement the European Union executive and the U.S. derivatives regulator said they have made significant progress towards harmonising trading rules. “The two commissions have provided confirmation this week that a global race-to-the-top in derivatives regulation is possible,” said CFTC acting chairman Mark Wetjen. EU financial services chief Michel Barnier said it was an important but far from final step on the road towards global convergence in rules. The United States has introduced a new breed of electronic platform to trade derivatives that have hitherto largely been transacted privately among big banks like Goldman Sachs, Deutsche Bank and Morgan Stanley.
Source: http://www.reuters.com/article/2014/02/12/eu-usa-derivatives-idUSL5N0LH43F20140212?feedType=RSS

Trading tech and bank stocks

He essentially did this role within Finra, so it makes perfect sense because hes really going to be able to hit the ground running. Lengthy Search It has taken White 10 months to fill the trading and markets post, one of the agencys senior staff positions. She set out to hire someone with experience working for an exchange or broker-dealer, according to a fourth person with knowledge of the process. Candidates including Christopher R. Concannon of Virtu Financial LLC, a high-frequency trading firm and market maker on IntercontinentalExchange Group Inc.s New York Stock Exchange, declined to pursue the job. Luparello, 55, didnt immediately respond to messages seeking comment.
Source: http://www.bloomberg.com/news/2014-02-12/sec-said-to-hire-ex-finra-exec-luparello-for-trading-division.html

One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 220 days until expiration the newly trading view contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the NMM options chain for the new September 20th contracts and identified one put and one call contract of particular interest. The put contract at the $15.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.00, but will also collect the premium, putting the cost basis of the shares at $14.35 (before broker commissions). To an investor already interested in purchasing shares of NMM, that could represent an attractive alternative to paying $17.27/share today.
Source: http://www.nasdaq.com/article/first-week-of-nmm-september-20th-options-trading-cm325976

Investors were looking ahead to the first public comments from Janet Yellen since she became the head of the Federal Reserve. Yellen will testify before Congress Tuesday and Wednesday. The Dow Jones industrial was lower for most of the day Monday but turned slightly higher in late trading. The Dow closed up seven points, or 0.1 percent, at 15,801 Monday.
Source: http://abcnews.go.com/Business/wireStory/us-stocks-drift-higher-subdued-trading-22450985

A 30-year lease on these blocks was renewed in 1993, the document said. Shell has held a stake in them for decades longer and it is unclear how much the firm originally paid. OML 29 is the most coveted asset, producing a peak of 62,000 barrels per day (bpd) of oil and 40 scf/d of gas and holds reserves of 2.2 billion barrels of oil equivalent (boe), the report said. The 45 percent stake in this block could earn $1.5 billion to $2 billion, the sources said. OML 24 holds 803 million boe, OML 18 has reserves of 1.5 billion boe, although most of this is gas, while the smallest asset, OML 25, holds 157 million boe, the Shell report said. The Nigerian sales are part of a wider plan by Shell to dispose of $15 billion of assets this year and next to streamline operations after a profit warning.
Source: http://in.reuters.com/article/2014/02/12/shell-nigeria-idINL5N0IQ2UD20140212

First Week of NMM September 20th Options Trading

Strikes Deal With EU on Trading of Swaps Regulators in Washington and Brussels Agree to Ease Rules on U.S. Firms By Biography Updated Feb. 12, 2014 3:07 p.m. ET Regulators in Washington and Brussels agreed to harmonize rules on swaps trading, exempting European trades and electronic platforms from U.S. regulations.
Source: http://online.wsj.com/news/articles/SB10001424052702304434104579378951332330722

US Stocks Drift Higher in Subdued Trading

ABC News Snow is falling on the East Coast from Washington to New York and beyond a day after sleet, snow and ice bombarded the Southeast. Here’s a sampling of what the latest round of winter weather is bringing: Associated Press WESTMINSTER, Calif. (AP) Two women accused of pummeling and kicking a 23-year-old woman who died after a fight outside a California nightclub that was captured on cellphone videos were ordered Tuesday to stand trial on murder charges. Associated Press NEW YORK (AP) Scientists say they’ve taken a key step toward harnessing nuclear fusion as a new way to generate power, an idea that has been pursued for decades.
Source: http://news.yahoo.com/video/trading-tech-bank-stocks-170600170.html?.tsrc=tmobustoday

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