Fast Calculation of Cheapest-to-Deliver Curves
Multi‑currency collateral agreements create optionality that requires discounting with a cheapest‑to‑deliver (CTD) curve. While Monte‑Carlo simulation can price this exactly, it is computationally heavy. Researchers propose an analytic approximation that combines the Clark algorithm and Gauss‑Hermite quadrature, delivering near‑Monte‑Carlo accuracy with far lower runtime. The method scales to any number of currencies and has been validated across realistic market scenarios.
Strong Order-One-Half Convergence of the Projected Euler–Maruyama Method for the Cox–Ingersoll–Ross Model
The paper proves that the projected Euler–Maruyama scheme attains Lp‑strong convergence of order one‑half for the Cox–Ingersoll–Ross (CIR) model. By integrating a projection step with the normalized error framework, the authors broaden the parameter space where the convergence guarantee holds....
CME Group to Launch 24/7 Crypto Futures and Options Trading
CME Group announced that its regulated cryptocurrency futures and options will trade continuously, 24 hours a day, seven days a week starting May 29, 2026. The move follows a record $3 trillion in notional volume for CME’s crypto products in 2025. Average daily...
What Are the Greeks in Options Trading? (Delta, Theta, Vega Explained)
Lawrence G. McMillan’s February 19, 2026 webinar dives deep into the option Greeks—delta, gamma, theta, and vega—explaining their mathematical roots in the Black‑Scholes model and how they interact in real‑time risk management. The session moves beyond textbook definitions to demonstrate practical techniques...
Bloomberg Indices Expands Futures-Based Index Offering
Bloomberg announced the Bloomberg Eris SOFR Swap Futures Tracker Indices, a suite of 11 new rules‑based indices that track the performance of Eris SOFR swap futures across the U.S. dollar interest‑rate curve. The indices span tenors from one‑year to 30‑year...
TRADE Talks: Prescient Investment Management’s Cheree Dyers
Prescient Investment Management’s Cheree Dyers argues that digital assets and tokenised instruments can boost capital efficiency and settlement speed, but only if they dovetail with existing custody, clearing and regulatory frameworks. She highlights that faster, near‑real‑time settlement reduces counter‑party exposure,...
ISDA’s Amy Hong: ‘North Star’ Is Safe and Efficient Markets
ISDA’s new board chair Amy Hong reaffirmed the association’s 40‑year mission to keep derivatives markets safe and efficient, while charting a 2026 agenda focused on technology and regulatory alignment. She highlighted the continued push to finalize Basel III trading‑book rules and...
Trade Information Warehouse Successor Event Processing for Civitas Resources, Inc. - Revised
DTCC’s Trade Information Warehouse (TIW) announced a successor event for Civitas Resources, Inc., transitioning its reference entity to SM Energy Company. The auto‑auto adherence will rename all related transactions effective February 13 2026, with processing occurring February 25‑27 2026. Market participants must un‑adhere any...
Bullish Options Traders Bet Big on Firefly Aerospace’s (FLY) “Stairway to Seven” Return to Flight
Firefly Aerospace saw a massive influx of bullish options as traders bought 10,700 February‑27 $25 calls, a ten‑fold increase over existing open interest. The contracts surged in value, delivering up to 163% unrealized gains within 24 hours while the stock...
Bull Signal Flashing on Struggling Aerospace Stock
Red Cat Holdings (NASDAQ: RCAT) has retreated about 8% from its January 22 peak, settling near $12.39. The stock sits within 0.75 of its 50‑day moving average’s 20‑day ATR, a bullish signal that historically preceded a 5.9% average gain after one...
Liquidnet Appoints Michael Gibbons as Global Head of Listed Derivatives Business Development
Liquidnet announced the appointment of Michael Gibbons as Global Head of Listed Derivatives Business Development. Gibbons arrives from Morgan Stanley after more than a decade leading electronic futures sales and algorithmic execution initiatives. Based in New York, he will drive...
Global X Launches Two New Options-Based ETFs Targeting Weekly Distributions
Global X announced the launch of two actively managed, options‑based ETFs – the Global X Nasdaq‑100 Income Edge (EDGQ) and the Global X U.S. 500 Income Edge (EDGX). Both funds aim to generate weekly distributions by writing covered calls, targeting...
Tradr to Launch Leveraged ETFs on CLSK, COHR and LEU
Tradr ETFs announced it will launch three single‑stock leveraged ETFs on the Cboe on Feb 19, 2026. The funds provide either 200% long or –200% inverse daily performance on CleanSpark (CLSK), Centrus Energy (LEU) and Coherent (COHR). These are the first...
REX Partners with CAIS, RBC Capital Markets, and Bloomberg Indices to Launch Autocallable Income ETF
REX Shares has launched the REX Autocallable Income ETF (ATCL) in partnership with CAIS, RBC Capital Markets, and Bloomberg Index Services. The fund tracks the Bloomberg US Large Cap VolMax Autocallable Total Return Index, using a laddered portfolio of autocallable...
REX Shares Launches T-REX 2X FIGR (FGRU) & 2X APH (APHU) ETFs
REX Shares and Tuttle Capital have launched two new leveraged ETFs—FGRU, which seeks 200% of Figure Technology Solutions’ daily performance, and APHU, which targets 200% of Amphenol’s daily performance. Both funds provide the first 2x long exposure to these single...
OPR and ‘The Doorman Fallacy’
The Order Protection Rule (OPR), a core element of Reg NMS, obliges U.S. exchanges to route orders to the venue displaying the national best bid or offer (NBBO). Since its adoption, the rule has spawned 17 protected exchanges, many with...
ETY: Discount Remains Narrow For This Monthly Payer
The Eaton Vance Tax‑Managed Diversified Equity Income Fund (ETY) delivers a 7.81% monthly distribution, targeting tax‑efficient income for taxable accounts. It employs a partial overwrite strategy, allocating roughly 50% of notional value to laddered S&P 500 call options, which balances current...
The Good, Bad & Ugly
Funds aggressively rebuilt soybean exposure, buying back 94,316 contracts and pushing net‑long positions to 123,148 contracts—the highest since late 2025. Parallel buying lifted soybean oil to a net‑long of 33,093 contracts, the strongest level since August 2025, benefitting the broader...
Larry McMillan Stock Market Update Video 2/17/2026
On February 17, 2026, veteran options strategist Larry McMillan released a new stock market update video on his blog. In the briefing, McMillan reviews recent equity market movements and outlines option‑based approaches for navigating volatility. He reiterates the importance of...
SwapsInfo Full Year 2025 and the Fourth Quarter of 2025 Review
SwapsInfo reports a 46.1% jump in interest‑rate‑derivatives (IRD) notional to $536.5 trillion in 2025, with trade count rising 22.9% to 3.3 million. Short‑dated contracts dominate, representing 71.5% of IRD notional, while cleared transactions account for 86.6% of total notional. Swap execution facilities...
Ripple Prime Adds Hyperliquid Support to Bridge DeFi and Institutional Trading
Ripple Prime, the institutional brokerage arm of Ripple, announced integration with Hyperliquid, a high‑performance decentralized derivatives protocol. The partnership lets institutional clients trade on‑chain derivatives while keeping the capital‑efficiency and risk controls of a traditional prime broker. Clients can now...
Wall Street Tries to Copy Crypto’s Prediction Markets as Cboe Files for “Yes/No” Options
Cboe has filed a proposal with the SEC to re‑introduce binary “yes/no” options that pay a fixed amount if a condition is met and nothing otherwise. The design mirrors the odds‑style pricing popularized by crypto‑native prediction markets, turning a belief...
Lighter Enables Unified Collateral for Spot and Futures Trading
Decentralized perpetuals exchange Lighter saw its native token LIT surge 13% after rolling out unified collateral accounts for spot and futures trading. The upgrade enables users to use a single collateral pool across trading pairs and marks the first phase...
Fears of AI Disruption Have Created an Opening for This Software Options Trade
The iShares Expanded Tech-Software Sector ETF (IGV) has slumped more than 20% as investors fear AI coding tools could upend software businesses. The ETF’s top five holdings—Microsoft, Palantir, Oracle, Salesforce and Applovin—are collectively down about 40% from six‑month highs, pushing...
Prediction Market Aggregator Stand Launches Counter-Trading Tool
Prediction market aggregator Stand introduced a new feature that automatically places opposite bets to traders who consistently lose. The tool aims to replace traditional copy‑trading, which has become ineffective as top wallets can front‑run followers. Research shows about 70% of...
Futures Settle: Natural Gas Pops, Then Drops After Storage Data
Natural‑gas futures surged early Thursday after the Energy Information Administration reported a 249 Bcf net withdrawal for the week ending Feb. 6, marking a second consecutive week of above‑average draws. The data lifted front‑month prices as traders priced in tighter supplies, but...
Natural Gas Forwards Soften Again, But Basis Strength Signals Risk of Regional Volatility
U.S. natural‑gas forward prices slipped again this week as the market eases from the January cold snap. Prompt‑month contracts fell 26.7 cents, while regional basis spreads showed mixed movement. SoCal Citygate basis peaked near $1.90/MMBtu for 2028 deliveries, whereas Malin remained...
Larry McMillan Stock Market Update Video 2/9/2026
On February 9, 2026, veteran options strategist Larry McMillan released a market‑update video reviewing the latest equity trends, inflation pressures, and Federal Reserve policy stance. He highlighted persistent volatility that keeps option premiums attractive and outlined sector rotation toward energy and technology stocks....