(0)
Highest April volume on record and fifth highest month in OCC s history
OCC, the world s largest equity derivatives clearing organization, announced today that April 2021 total cleared contract volume was 715,606,410 contracts, up 29.7 percent compared to April 2020 and the highest April volume on record. Year-to-date average daily cleared contract volume through April was 40,143,253 contracts, up 44.1 percent compared to April 2020.
Options: Total exchange-listed options cleared contract volume was 711,388,828, up 29.6 percent compared to April 2020. Equity options cleared contract volume was 674,204,936 contracts, up 30.7 percent compared to April 2020. This includes ETF options cleared contract volume of 189,417,683, a 20.6 percent decrease compared to April 2020. Index options volume was 37,183,892, up 12.4 percent compared to April 2020. OCC s year-to-date average daily cleared options volume is 39,899,937 contracts.
From left to right: Millennium founder Izzy Englander, Citadel founder Ken Griffin, Balyasny founder Dmitry Balyasny, Citigroup CEO Jane Fraser, Goldman Sachs CEO David Solomon, and Bank of America CEO Brian Moynihan. Phil McCarten/Reuters; Lucy Nicholson/Reuters; Erin Scott/Reuters; Michael Kovac/Getty Images; Denis Balibouse/Reuters; Samantha Lee/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Buy-side trading firms have poached a slew of star derivatives traders from investment banks.
The defections, which follow blowout volatility trading hauls in 2020, leave some banks shorthanded.
Large funds like Citadel and Millennium have recently prioritized building volatility strategies.
Fed s Quarles: Bank supervisors don t get crypto paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.
Interactive Brokers Welcomes Michael McClain and Announces the Retirement of Andrew Naughton
Wednesday, April 28, 2021 1:15PM IST (7:45AM GMT)
Greenwich, Conn., United States:
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, is excited to announce that Michael McClain has joined as Director of Client Operations, North America. Reporting directly to CEO Milan Galik, Michael is based in IBKR’s Chicago office. In this new role, Michael will be focused on the end-to-end strategy for scaling our client services to support the brisk expansion of our business into the future.
Michael McClain (Photo: Business Wire)
Michael is taking over the responsibilities of Andy Naughton, who is retiring. Over his 15-year career at IBKR, Andy has been instrumental in building up our Client Operations capabilities during a period of dynamic expansion. We are grateful for his important contributions to the b
Innovator ETFs Announces New Upside Cap Ranges for May Series of S&P 500 Buffer ETFs
Defined Outcome ETFs provide S&P 500 exposure up to a cap, with downside buffer levels of 9%, 15% or 30% over one-year Outcome Period starting May 1st
Chicago, IL, April 26, 2021 (GLOBE NEWSWIRE) Innovator Capital Management, LLC (Innovator) today announced the anticipated upside cap ranges and return profiles for the May series of the S&P 500 Buffer ETFs™ – Innovator S&P 500 Buffer ETF™ – May (BMAY), Innovator S&P 500 Power Buffer ETF™ – May (PMAY) and Innovator S&P 500 Ultra Buffer ETF™ – May (UMAY) – which are scheduled to complete their first outcome period and reset at the end of the month. The May ETFs were the final series of the S&P 500 Buffer ETF™ suite to list in 2020, completing monthly issuance of Innovator’s flagship Defined Outcome ETF™ lineup. The 36 total ETFs provide investors with upside participation, to a cap, in Large-cap U.S. stocks via options on the