Core Insights - The article discusses how LSEG's Post Trade Solutions business is addressing the demand for more efficient post-trade processes amid regulatory changes and market fragmentation, particularly in the Asia-Pacific region [1][2] Group 1: Post Trade Solutions Overview - LSEG has launched Post Trade Solutions to connect various post-trade businesses, including Acadia, Quantile, SwapAgent, and TradeAgent, aiming to reduce costs and operational friction in both cleared and uncleared markets [1][6] - The integration of these services is designed to provide a unified infrastructure that enhances risk management and operational efficiency for clients [8][17] Group 2: Benefits of Clearing for Bilateral Trades - LSEG aims to extend the benefits of clearing to the uncleared market, emphasizing that operational efficiencies can be achieved without a central counterparty (CCP) [5][9] - The focus is on centralizing processing, maintaining a single source of trade data, and automating valuations and cash flows to enhance efficiency [5][9] Group 3: Regional Challenges and Solutions - The Asia-Pacific region faces unique regulatory and structural challenges, including a concentration of US dollar funding and FX hedging, which creates specific risk management issues [10][12] - LSEG is expanding its presence in the region to better support clients, including the introduction of an Asia time-zone-friendly compression and optimization service [13][14] Group 4: Integrated Support for Clients - The integration of SwapAgent, Quantile, and Acadia allows LSEG to offer streamlined processes for optimization and margin management, catering specifically to the needs of Asian clients [14][15] - LSEG provides comprehensive support across the trading lifecycle, from pre-trade to post-trade, enhancing client experience and operational efficiency [15][17] Group 5: Addressing Market Fragmentation - The article highlights the challenges posed by fragmented markets in the Asia-Pacific region, where multiple clearing systems complicate risk management [16] - LSEG's solutions are designed to help clients manage risks efficiently across diverse markets, allowing for effective resource management and compliance with evolving regulations [16][17]

Group 1 - The iShares S&P 500 BuyWrite ETF (IVVW) is considered a solid Hold within the S&P 500 based option income ETF sector, showing historical performance that does not lag behind outperformers like SPYI [1] - Recent performance data indicates that IVVW maintains a competitive position in the market, suggesting potential for continued interest from investors [1] Group 2 - The analysis emphasizes a focus on equity valuation, market trends, and portfolio optimization to identify high-growth investment opportunities [1] - The research approach combines rigorous risk management with a long-term perspective on value creation, particularly in the context of macroeconomic trends and corporate earnings [1]

Core Insights - Cboe Global Markets plans to extend trading hours for its Russell 2000 Index (RUT) options to nearly 24 hours a day, five days a week, starting February 9, 2026 [1] - The addition of overnight trading sessions is expected to enhance investors' ability to respond to market events and manage risk more effectively [1][1] - Cboe's Global Trading Hours (GTH) have seen record volumes in 2025, increasing by 179% year-to-date compared to the full year 2022, indicating strong demand for overnight trading [1][1] Trading Hours and Options - RUT options will be available for trading during regular U.S. hours and will also trade from 8:15 p.m. ET to 9:25 a.m. ET the following morning, Monday through Friday [1][1] - Cboe offers a variety of index options during GTH, including S&P 500 Index (SPX), Mini-SPX (XSP), and Cboe Volatility Index (VIX) options [1][1] - The introduction of RUT options to GTH will provide investors with more tools for accessing U.S. equity markets, potentially increasing trading, hedging, and liquidity opportunities [1][1] Market Demand and Performance - Average daily volume in Cboe's RUT options has reached nearly 75 thousand contracts, a 66% increase compared to the full year 2022, as traders seek to manage risk [1][1] - The Russell 2000 Index is known for its volatility and sensitivity to interest rates, making RUT options a useful tool for trading small-cap volatility [1][1] - Cboe publishes the Cboe Russell 2000 Volatility Index (RVX) to track implied volatility for the Russell 2000, which has historically been higher than the VIX Index [1][1] Trading Features - RUT options and Russell 2000 Index Weeklys (RUTW) options are cash-settled, European-style options, eliminating the risk of early exercise [1][1] - Cboe offers a range of expirations for RUT options, including every weekday, end-of-month, and quarterly options, allowing for diverse trading strategies [1][1] - Cboe also plans to introduce Curb Trading Hours from 4:15 p.m. to 5:00 p.m. ET, Monday through Friday, further expanding trading opportunities [1][1] Company Overview - Cboe Global Markets operates as a leading derivatives and securities exchange network, providing trading, clearing, and investment solutions globally [1][1] - The company offers products across multiple asset classes, including equities, derivatives, and FX, in North America, Europe, and Asia Pacific [1][1] - Cboe is committed to fostering an inclusive global marketplace that supports sustainable financial futures for its participants [1][1]

Company Overview - Peabody Energy Corporation is a leading coal producer with a diversified portfolio of mining operations and a significant reserve base, supplying both thermal and metallurgical coal to a global customer base [6][9] - The company reported a revenue of $4 billion and a net income loss of $32.7 million for the trailing twelve months (TTM) [4][10] - As of the latest report, Peabody Energy's shares were priced at $29.16, reflecting a 27% increase over the past year, outperforming the S&P 500, which rose by 12% in the same period [3][4] Recent Developments - Progeny 3 disclosed a reduction of 3 million shares in Peabody Energy, trimming its stake by an estimated $28.5 million as of September 30, with the remaining shares valued at $24.1 million [1][2] - The stake now accounts for 1.2% of Progeny 3's total reportable U.S. equity holdings, which amount to $1.9 billion [2] Financial Performance - Peabody Energy's adjusted EBITDA for the quarter was reported at $99.5 million, supported by an increase in revenues compared to the previous quarter [10] - The company ended the quarter with $603 million in cash and over $950 million in total liquidity, indicating balance-sheet resilience despite market challenges [10] Market Position - Peabody Energy operates through mining, preparation, and sale of coal, generating income from both direct coal sales and brokered contracts, serving electricity generators, industrial facilities, and steel manufacturers in the U.S. and international markets [9] - The company's operations span the United States and Australia, focusing on coal sales to utilities and industrial customers [9]

Economic Context - The unemployment rate has shown a consistent decline following rate cuts, similar to trends observed in 1998 and 2019, with the latter seeing unemployment at a 50-year low of 3.7% [2][4] - The Federal Reserve has historically implemented rate cuts as a "risk management" measure when unemployment is below 4.6%, specifically in 1998 and 2019 [4] Federal Reserve Actions - The Fed's recent rate cuts in September and October 2025 align with historical patterns of "risk management" adjustments, raising questions about a potential third cut in December 2025 [6] - Fed Chair Jerome Powell indicated that the recent rate cuts were a response to emerging weaknesses in the labor market, despite a relatively healthy unemployment rate of 4.3% in August 2025 [5] Market Reactions - Following the initial rate cuts in 2019, the S&P 500 experienced a significant recovery, surpassing previous highs by mid-December after a nearly 20% drawdown prior to the first cut [2] - Treasury yields showed resilience, falling ahead of the first two cuts and stabilizing or steepening afterward, indicating a complex relationship between rate cuts and market performance [3][4]

Group 1 - The recent decline in Bitcoin presents potential reward/risk tradeoffs for investors, particularly during market events like "buy the dip" rallies [1][2] - A significant selloff in assets like stocks or ETFs can lead to larger percentage gains needed to recover previous highs, making the current market conditions intriguing for Bitcoin [2][3] - The use of option collars can provide a strategy for investors looking to capitalize on a potential Bitcoin recovery while managing risk [3][4] Group 2 - The iShares Bitcoin Trust ETF (IBIT) is highlighted as the largest spot Bitcoin ETF, with over $73 billion in assets, despite experiencing a nearly one-third decline in value recently [4] - The Volatility 2X Bitcoin Strategy ETF (BITX) is a leveraged ETF that tracks Bitcoin's price, moving approximately two times as much as Bitcoin daily, which poses risks during rapid declines [5] - MicroStrategy, referred to as a Bitcoin-buying machine, has seen its stock decline significantly, indicating the challenges faced by companies heavily invested in Bitcoin [6]

By a ruling that entered into force on 3 December 2025, the Panevėžys Regional Court decided to initiate bankruptcy proceedings for the private limited liability company Aliuminio fasadai, which is part of the PST Group AB group of companies. The court appointed Mindaugas Krupavičius as the insolvency administrator and instructed him to convene the first meeting of creditors within the time limit and according to the procedure established by law. Aliuminio fasadai UAB encountered difficulties rooted in the ...

Key Points Despite the crypto downturn, XRP has still outperformed the market over the last five years. But most of its gains are from a rally after the 2024 presidential election. Proper risk management is crucial if you decide to invest in crypto. 10 stocks we like better than XRP › The crypto market has taken a steep plunge this quarter. Most of the big names, including Bitcoin, Ethereum, and Solana, have lost quite a bit of value since October. XRP (CRYPTO: XRP), a cryptocurrency launched by ...

Core Viewpoint - Cboe Global Markets plans to extend trading hours for its Russell 2000 Index options to nearly 24 hours a day, five days a week, starting February 9, 2026, to enhance global access and trading flexibility for investors [1][9]. Trading Hours Expansion - Currently, RUT options are traded during regular U.S. hours from 9:30 a.m. ET to 4:15 p.m. ET, Monday through Friday. The new overnight session will allow trading from 8:15 p.m. ET to 9:25 a.m. ET the following morning, Monday through Friday [2][3]. - This extension aims to help global investors respond to market-moving events and manage risk more effectively in real time [2][5]. Market Demand and Growth - Cboe's Global Trading Hours (GTH) sessions have seen record volumes in 2025, with a 179% increase year-to-date compared to the full year 2022, indicating a growing global appetite for U.S. markets [4]. - The average daily volume in Cboe's RUT options has reached nearly 75 thousand contracts, up 66% compared to the full year 2022, reflecting increased interest in managing risk and implementing options strategies [5]. Product Offering and Flexibility - The addition of RUT options to GTH will expand Cboe's existing offerings, which include S&P 500 Index and Cboe Volatility Index options, providing investors with more tools for trading, hedging, and liquidity opportunities [3][9]. - RUT options are cash-settled, European-style options, allowing for a diverse range of trading strategies without the risk of early exercise [7]. Volatility Tracking - Cboe publishes the Cboe Russell 2000 Volatility Index (RVX) to track implied volatility for the Russell 2000, which has historically shown higher volatility than the VIX Index, reflecting the unique risk profile of small-cap stocks [6].

ETF Market Trends - Leveraged and inverse ETFs, while small relative to the overall ETF market, exhibit significant trading activity, raising questions about their potential impact on the options markets [2] - Retail investors and ETF issuers are increasingly engaging with risky leveraged and options-based ETFs, viewing them as "lottery tickets" with potential for high returns [7][8] - The industry anticipates a lifecycle for retail investors in these products, with initial enthusiasm potentially leading to negative experiences and a subsequent shift towards more traditional index funds [9][10] - Issuers will continue to launch these products, but some will thrive while others will fail, presenting closure risk [10][11] Correlation and Volatility - There's a notable increase in volatility within the risk-on/risk-off space, impacting crypto and other high-beta stocks, leading to conditional correlation where seemingly unrelated stocks trade in line during market weakness [3][4][5] - Correlation convergence is observed during periods of volatility, impacting the prices of options on sector-based ETFs [5][6] Crypto ETFs - Despite recent downside volatility, Bitcoin ETFs have experienced substantial growth, with Bitcoin up over 80% since the launch of spot Bitcoin ETFs in January 2024 [12][17] - Spot Bitcoin ETFs have seen outflows of approximately $45 billion over the past month, but year-to-date inflows remain significant at around $22 billion [18] - Spot Ether ETFs are down 40% since early October, but year-to-date inflows are about $10 billion [19] - Deleveraging in the crypto space is identified as a primary driver of recent weakness, exacerbated by broader equity market weakness and increased correlation among higher beta names [19][20] - Bitcoin price could test the $70,000 level, which represents the breakout point and the cost basis of strategies Bitcoin holdings, potentially finding support near the cash cost of mining [16]