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Since the start of October, traders in the options market have shown a healthy appetite for defensive contracts on broad market indexes. “It’s been absolutely huge,” said Ilya Feygin, senior strategist at WallachBeth Capital, referring to the demand for defensive contracts on the S&P 500. “Clearly there was a lot of hedging with puts,” said Feygin. An index put option gives the holder the right to sell the value of an underlying index at a fixed level in the future, thereby offering protection against declines in the index. Calls convey the opposite right.

Nor is the rush of activity restricted to defensive contracts, Calls are in demand as well, “There is risk for a large up move and a down move right now, more so than normally, because of tariffs, especially around the G20 summit,” said Vinay Viswanathan, a derivatives strategist for detroit pistons p cufflinks Macro Risk Advisors in New York, With investors jockeying to position themselves for coming stock swings, the number of open options contracts on S&P 500 Index and its tracking fund, known as the SPDR S&P 500 ETF Trust, has surged to the high-end of their respective two-year ranges, according to data from options analytics firm Trade Alert..

For S&P 500 options, implied volatility - an options-based measure of how much stocks are expected to gyrate - shows a noticeable spike contracts expiring on Dec. 7, the first weekly expiration after the conclusion of the summit, according to Trade Alert data. It is not clear whether a meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit will help sooth frayed nerves or inflame tensions further between the two countries. For now, traders see volatility as the safest bet.

LONDON (Reuters) detroit pistons p cufflinks - New York’s Department of Financial Services (DFS) will end a period of monitoring of Standard Chartered (STAN.L) on Dec, 31, the DFS said on Wednesday, bringing to a close one strand of the bank’s punishment for past failings in compliance controls, Standard Chartered agreed to the supervision with the regulator in 2012 as part of a wider settlement with U.S, authorities in relation to the bank’s dealings with Iran-related entities, The bank agreed an extension to that deal, which saw an independent monitor installed in the bank to check on progress in improving controls, in 2014 and again in April 2016..

That last extension was set to expire on Dec. 31 this year, but the news that there are to be no further extensions to the monitorship will be welcomed by StanChart bosses as they seek to convince U.S. authorities they have learned from past mistakes. The bank’s problems over failing in the past to prevent customers from breaching Iran-related sanctions are not over. StanChart faces a separate investigation by U.S. authorities into the extent to which it allowed clients with Iranian interests to conduct transactions after 2007, as well as the extent to which it shared such dealings with authorities at the time of the 2012 settlement.

The end of the monitorship announced on Wednesday has no bearing on that investigation, StanChart said in a regulatory filing, Media reports in October said the bank could face a further $1.5 billion fine for those violations, in addition to the $667 million it paid in 2012 to settle alleged breaches between 2001 and 2007, The reports said the fine amount was a preliminary assessment based detroit pistons p cufflinks on some of the communications between the bank and regulators, StanChart CEO Bill Winters in an internal email to staff in October criticized media coverage of the bank’s efforts to improve its controls..

GENEVA (Reuters) - The United States and China clashed on Wednesday at a World Trade Organization meeting with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official saying it was Washington that was flouting the rulebook. U.S. President Donald Trump has outraged U.S. trading partners by erecting a tariff wall against imports of steel and aluminum - justified by U.S. national security concerns - and has hit Chinese goods with huge tariffs over accusations of stealing U.S. intellectual property.

At the meeting on Wednesday, where a slew of legal disputes over Trump’s trade policies entered a formal adjudication phase, U.S, Ambassador Dennis Shea said China was using the WTO to promote “non-market” policies, which had distorted world markets and led to massive excess capacity, especially in steel and aluminum, The Chinese official retorted that Beijing did not detroit pistons p cufflinks want to get into a blame game and said the United States had failed to back up its “unfounded” claims about China’s economy, which it was using to disguise its own violations of the WTO rulebook..



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