Vanguard Joins the Crowd, Cutting Trading Commissions to Zero; Options Volumes Thin After Record Year Jan 2, 2020
Vanguard Joins the Crowd, Cutting Trading Commissions to Zero Daren Fonda – Barron’s As Barron’s reported on Friday, Vanguard has joined other brokers in eliminating trading commissions.The fund giant said Thursday morning that it is taking commissions to zero for all online stock and option trades, though options transactions will still cost $1 per contract.Exchange-traded funds were already available commission-free at Vanguard.
Options Volumes Thin After Record Year Gunjan Banerji – The Wall Street Journal Traders have stepped back from trading options at last year’s frenzied pace.Options volumes have thinned this year as stock volatility has receded, following a blockbuster year for volumes in 2018.
With just one full trading day left in 2019, average daily options volumes are hovering at about 19.4 million contracts this year, Options Clearing Corp.data show.That’s about 5% below the record hit in 2018, though higher than levels seen in prior years.
OCC Clears Over 4.9 Billion Contracts in 2019 – Second Highest Ever Annual Cleared Volume December Volume Down 4.2 Percent from Record-Breaking 2018 Press Release via Mondovisione OCC, the world’s largest equity derivatives clearing organization, announced today that 2019 total cleared contract volume was 4,976,978,704 contracts, the industry’s second-highest ever annual volume, down 5.1 percent compared to 2018’s record-breaking pace of 5.24 billion contracts.
Average daily cleared contract volume in 2019 was 19,749,915 contracts.OCC’s December 2019 total cleared contract volume reached 418,410,240 contracts, down 4.2 percent compared to last December.
China to trial interest rate options trading on Feb.24 Winni Zhou and Reuters’ Beijing Monitoring Desk – Reuters China will trial trading in interest rate options from Feb.24, the country’s foreign exchange trading platform said on Thursday.
The platform, the National Interbank Funding Center, is overseen by the central bank.It said the aim of the pilot was to enable the interbank interest rate derivative market to play a better role in supporting the real economy, meet investors’ interest rate risk management demands and improve interest rate pricing mechanisms, according to a statement on its website.
Bet on Drops in ‘Stretched’ Nasdaq, Credit ETFs, BTIG Says Joanna Ossinger – Bloomberg Technology stocks and investment-grade corporate bonds look particularly extended and investors can position via options for potential reversals in both asset classes, according to Btig LLC.
“The tech stock/Nasdaq centered rally appears stretched as the Nasdaq VIX made a new yearly low in December, diverging from the S&P 500 VIX,” which didn’t breach lows from April and November, Btig strategist Julian Emanuel wrote in a note Jan.1.The Cboe NDX Volatility Index reached its lowest closing level since January 2018 last month.
OKEx Launches Bitcoin Options Trades for Select Clients Ahead of January Launch Marie Huillet – Cointelegraph Malta-based cryptocurrency exchange OKEx has launched Bitcoin (BTC) options trading for a select group of traders ahead of a public launch in January 2020.In a press release shared with Cointelegraph on Dec.
26, the exchange — currently ranked third-largest by daily trading volume globally — has indicated that the new contract will be settled daily in Bitcoin (BTC).
Expect a Correction, Bigger Swings, and a Late Stock Rally in 2020, Wells Fargo Says Lisa Beilfuss – Barron’s At a time when top-10 lists abound, equity strategists at Wells Fargo have laid out their predictions for 2020.From top to bottom, here’s their rundown..
