Citigroup Joins Jpmorgan In Seeing Trading-revenue Drop

Because the $52.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 4.38% return on the cash commitment, or 34.79% annualized – at Stock Options Channel we call this the YieldBoost . Below is a chart showing the trailing twelve month trading history for Shutterfly Inc, and highlighting in green where the $52.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $55.00 strike price has a current bid of $2.10.
Source: http://www.nasdaq.com/article/first-week-of-april-19th-options-trading-for-shutterfly-sfly-cm332088

We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S.
Source: http://online.wsj.com/article/PR-CO-20140304-907350.html

Nikkei 225 options also stopped trading, according to a statement on the Osaka Securities Exchange website. The bourse operator has confirmed the problem was caused by human error, OSE spokesman Masahiro Yada said. Takahashi earlier said it could have been due to a system issue. Futures on the Japanese equity measure are traded in Osaka, Singapore and Chicago .
Source: http://www.bloomberg.com/news/2014-03-04/nikkei-225-futures-trading-fault-may-be-system-error-jpx.html

Proprietary traders made hundreds of millions of dollars in revenues for Wall Street banks through bets similar to those by hedge funds, but have seen their fortunes fade in recent years. Most of these desks have shut down as the Volcker Rule framed in the United States after 2008 mandated regulation that curbs risky proprietary trading by financial institutions. The rule also applies to foreign banks with branches in the United States, but provides an overseas exemption. That allows banks like Nomura to use a highly profitable tool to add alternate sources of revenue, a trend likely to catch up in Asia.
Source: http://www.reuters.com/article/2014/03/03/nomura-tradinggroup-idUSL3N0M035S20140303

HM Revenue & Customs said in ETFOfTheMonth-ETFTradingSignals a meeting with UK traders that it would no longer levy 20 percent value-added tax (VAT) on bitcoin transactions and also said it would not tax margins either, according to the paper. The British support for the currency comes days after Mt. Gox, once the world’s largest bitcoin exchange, was sued by a customer in the United States seeking to recover money lost in the hacking attack. Corporation tax and other taxes would still apply, according to the FT. The market for bitcoins – a virtual currency created or “mined” through a process involving a network of computers that solve complex mathematical problems – is worth about $7 billion at current market rates.
Source: http://www.reuters.com/article/2014/03/02/us-bitcoin-britain-idUSBREA210UV20140302

Equities Trading Jefferies Group LLC, the Wall Street firm owned by Leucadia National Corp., said today that trading revenue for the three months ended Feb. 28 was $450 million. That was 11 percent less than what it reported a year earlier. Citigroup brought in about $13.1 billion from trading in fixed-income, currencies and commodities markets, known as FICC, last year, and $3.02 billion from equity trading.
Source: http://www.bloomberg.com/news/2014-03-03/citigroup-joins-jpmorgan-with-decline-in-trading-revenue.html

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