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Order Approving Proposed Rule Change Concerning Collateral Haircuts and Standards for Clearing Banks and Letters of Credit.

Options Clearing Corporation Alert! Order Approving Proposed Rule Change Concerning Collateral Haircuts and Standards for Clearing Banks and Letters of Credit.

Wut Mean?: * The OCC acts as a middleman for financial transactions, buying from sellers and selling to buyers, in the U.S. options and certain futures markets. * This role exposes the OCC to risks like credit risk, where it has to fulfill contracts even if a member doesn't

Tamika Bent

CFTC Commissioner Kristin Johnson Announces Tamika Bent as Chief Counsel. "Tamika’s practice has focused on complex derivatives, banking, and broker-dealer regulatory, transactional, and related bankruptcy matters."

Press Release: CFTC Commissioner Kristin N. Johnson today announced that Tamika Bent has joined her executive staff as Chief Counsel. “Tamika is a seasoned derivatives lawyer with more than 15 years of experience, including many years as a senior attorney in private practice, as in-house counsel, and as an academic,

Good day!

I believe MOASS is an unstoppable force (gamma ramp) meeting an immovable object (DRS'd shares).

Before I go any further, this is not a post encouraging anyone to mess with 0DTE options or options in general. Rather, this is a recap of a tool being leveraged to suppress volatility and the implications of it being out of control to the broader market. Sources for this

good day!

MOASS Prediction: October 24, 2023 (a Tuesday).

* Today, the NSCC approved Enhancements to the Gap Risk Measure & the VaR Charge. * VaR tinkers with the mechanics that would have defaulted Robinhood & Others 1/28/21. * The NSCC, previously saved them by sacrificing retail, in allowing Robinhood and others to alter their margin charges and freezing the

Novel Activities Supervision Program

The Fed provides additional information on its program to supervise novel activities in the banks it oversees.

Novel activities include complex, technology-driven partnerships with non-banks to provide banking services to customers; & activities that involve crypto-assets, stablecoins & blockchain. Wut Mean?: * The Federal Reserve has launched the Novel Activities Supervision Program to boost oversight of new activities by banking organizations. * The focus is on activities related to

NSCC APPROVES Enhancements to the Gap Risk Measure & the VaR Charge. VaR tinkers with the mechanics that would have defaulted Robinhood & Others 1/28/21.

The NSCC, previously saved them by sacrificing retail, in allowing Robinhood and others to alter their margin charges and freezing the buy button. Reddit Post

NSCC APPROVES Enhancements to the Gap Risk Measure & the VaR Charge. "should help NSCC better protect against more idiosyncratic risk scenarios in concentrated portfolios than the current methodology"

"Idiosyncratic" used 12 times... on characteristics that indicate that such ETFs are more or less prone to the effects of gap risk events, thereby providing more accurate coverage of the potential exposure arising from such positions. Wut Mean?: * NSCC handles clearing, settlement, risk management, and guarantees completion for