The Latest Posts
September 1, 2014
Amsterdam Gong
Mar 20 2013 | 4:44 AM

Today trading will be opened by Rabobank and PZO, to mark the national day for the Independent Professional (Dag van de Zelfstandige 2013). The gong also is the symbolic start for a sustainable partnership between these two parties.

The role of independent professionals as an economic entity throughout the national and international economic area is constantly increasing. The independent professional deliberately chooses the entrepreneurship. He is flexible, has a variable income and (most of all) operates at his own risk. The independent professional wants and needs his space to exploit his own business without unnecessary obstruction by the government. For both Rabobank and PZO - within their scope of business -  the independent professional plays a very important role which represents the very cause of the above mentioned...

Read More
The Bell
Mar 19 2013 | 5:01 PM

On Tuesday, March 19, 2013, executives and guests of Lima, Peru- based cement manufacturer Cementos Pacasmayo will visit the New York Stock Exchange for an investor luncheon and to commemorate the company’s first anniversary of listing.

To mark this occasion, Cementos Pacasmayo Chairman Eduardo Hochschild, Chairman of the Board, along with members of the company’s leadership team, will ring the NYSE Closing Bell.

Cementos Pacasmayo S.A.A. (NYSE: CPAC)

Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the only cement manufacturer in the Northern region of Peru. In February 2012, the Company’s shares were listed on The New York Stock Exchange - Euronext under the ticker symbol "CPAC". With more than 54 years of operating history, the Company produces, distributes and sells...

Read More
End of Day Report
Mar 19 2013 | 4:57 PM

Stocks ended a volatile session mixed with the Dow turning positive in the final moments before the close.  Investors viewed positive housing starts and retail reports today.  Lawmakers in Cyprus rejected a bill that aimed to take possession of a part of residents' bank deposits in order to obtain a bailout

On the economic front, housing starts gained 0.8% in February to a 917,000-unit annual rate, while new permits for construction jumped to the highest level since 2008. The gain in February starts was led by the Midwest region, followed by the Northeast.  Declines were seen in the West and South.

Retail sales picked up last week according to ICSC-Goldman's same-store sales index which moved 1.4% in the week.  The report indicates strength at grocery stores, apparel stores, and discounters.

Have a good Tuesday night!               ...

Read More
Market Watch & Corporate Actions Specialist, Global Corporate Client Group
NYSE Liffe U.S.
Mar 19 2013 | 3:55 PM

Crowne-Gold-Silver-Bullion (Photo credit: digitalmoneyworld)

Based on my communication with 33.2 oz. mini-sized gold and 1,000 oz. mini-sized silver futures traders, whether by email, live event or webinar, I have noticed a thirst for a deeper understanding of the underlying markets. A common element of the over the counter precious metals markets is the London-based fix. Both mini gold (YG) and mini silver (YI) are open and trading while the fixes are being set. In this note, I provide some background on the twice daily London spot...

Read More
Senior Vice President, NYSE Liffe US Precious Metals Derivatives
NYSE Amex Options
Mar 19 2013 | 3:46 PM

March 18, 2013 was the first day for trading the mini options. Now since this is my fifth blog about minis, I’ll simply tell you that they are option contracts that have a 10 multiplier and a 10 share deliverable and refer you back to my past blogs for more detail and strategies.

Mini madness started with 21,730 contracts traded across the industry with NYSE Euronext US options exchanges pulling down 11,405 of those contracts for a 52.49% combined market share of the minis.

AAPL7 traded 8,755, AMZN7 traded 1,017, GLD 7 traded 3,953, GOOG7 traded 545 and SPY7 traded 7,551 contracts across the industry. But volume is not the entire story. Early in the day I observed quotes, that were wider than the quotes on standard options with the same strike price. As the day went on I began to see mini quotes coming in line with the standard quotes. At about 10:45 I noticed that some, not all, mini quotes in SPY7 were only 1 cent wider than the standard option quote. I saw the same...

Read More
Posted by: Bill Ryan
Managing Director, NYSE Amex Options