Michael Creadon

Our new series: “CONVERSATIONS FROM THE @CBOE FLOOR” will be all about EDUCATION. THE 🥐RUMBS… We will look to pull back the veil on the options industry, DEMOCRATIZING & DEMYSTIFYING what’s actually going on behind the scenes. I couldn’t think of a better place to begin than @CBOE’s exclusive, industry-insider-only RMC conference. In this initial episode we’ve curated some of the most important topics going on in Optionsland right now, brought to you by some of the foremost experts. ————————————————— ⁃The election & what option markets are seeing ⁃The boom in options based ETF’s + structured products ⁃The evolution & opportunities in 0 DTE trading ————————————————— 👂 IN & ✅ IT OUT…👇👇👇👇👇👇

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The FMX Futures Exchange is scheduled to launch on September 23, 2024, thanks to a groundbreaking collaboration between BGC Group and prominent investment banks such as Bank of America, Barclays, and Goldman Sachs. 🌟 This new exchange will initially focus on SOFR futures and plans to expand into U.S. treasury futures by early 2025. With its innovative clearing solution in partnership with LCH Limited, the FMX Futures Exchange aims to provide significant capital savings and improved margin efficiencies for market participants. This launch represents a major enhancement to BGC Group's financial services ecosystem, adding new dimensions to its product offerings and leveraging synergies within its operations. Follow for more updates and get ready for a new era in futures trading! 📈✨ #FMXExchange #FuturesTrading #FinancialInnovation #BGCGroup #InvestmentBanks #SOFR #TreasuryFutures #LCH #MarketEfficiency

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Blue Owl Capital is acquiring Atalaya Capital Management, an alternative credit manager, for $450 million. This strategic move will enhance Blue Owl's credit and asset-based finance capabilities, adding over $10 billion in assets under management. Atalaya focuses on asset-based credit investments across various sectors and manages over $10 billion in assets. Post-acquisition, most of Atalaya’s 115 employees, including founder Ivan Zinn, will join Blue Owl. Zinn will lead the alternative credit segment under Craig Packer. The deal includes $350 million in Blue Owl equity and $100 million in cash, with an additional potential earnout of up to $350 million in equity, contingent on future revenue targets. This acquisition reflects a growing trend of consolidation in the alternative credit space. Blue Owl's expansion into asset-based finance signifies increasing demand for versatile and specialised credit offerings.

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Copper now offers secure vaults for yield bearing money-market fund tokens. Key highlights: ✅ Institutional-grade MPC custody for yield bearing money-market fund tokens ✅ Clients can use these tokens as collateral in derivatives trades, enhancing liquidity while receiving stable yields ✅ Partnerships with industry leaders: Securitize, Franklin Templeton, Ondo Finance, Hashnote, and Superstate. Amar Kuchinad, Copper CEO: “Our secure custody solution for fund tokens, backed by groundbreaking partnerships with leading funds, signals our ambition to power the future of Tokenized Money-Market Funds. This is a cornerstone of our strategic vision to unlock the full potential of tokenization across global financial markets”. Learn more: https://bit.ly/3AMVK2f #Tokenization #DigitalAssets

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Aquis Exchange and Cboe Global Markets enter the CTP ring #Trading #Markets #CapitalMarkets #ConsolidatedTape #GlobalTrading https://hubs.ly/Q02WkN710

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Novogradac released a report last week highlighting how value still remains in Opportunity Zone investments, despite the approaching 2026 deferral deadline on capital gains. Looking ahead to 2025, experts predict a potential uptick in OZ activity, with Alex Flachsbart of Opportunity Alabama noting that “people who are investing now are doing it for the 10-year hold benefits.” On the topic of the Opportunity Zones Transparency, Extension and Improvement Act, Flachsbart remains hopeful that OZ reform will be included in 2025 tax legislation. 

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MSO earnings season starts this week, with eight of the top ten US operators reporting. Consensus analyst expectations are for the top ten MSOs to show a Q/Q 2.62% contraction in revenue and adjusted EBITDA to decline 6.18%. (1/3) The top ten MSOs' Y/Y revenue is expected to grow by 3.20%, and AEBITDA is expected to expand by 17.30%. Analysts predict the highest Y/Y revenue growth for Ascend Wellness Holdings (CSE: AAWH.U / OTCQX:AAWH) at +22.40%, and Cresco Labs is predicted to have the best Y/Y improvement in AEBITDA at +62.00%. Finally, here are some of the companies reporting this week: May 7: Ascend Wellness Holdings (CSE: AAWH.U / OTCQX:AAWH) May 8: Green Thumb Industries (GTI), Verano, MariMed, Inc. May 9: Curaleaf, Trulieve, TerrAscend, Cannabist, Jushi Holdings Inc. Source: FactSet

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Our CIO Suhail Shaikh wrote this paper many years ago to describe our philosophy and approach to investing. So nice to see one of our most thoughtful former clients has found its timeless principals and framework useful. Well worth a read.....thanks Giri!

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Over a decade ago, CAPIS partnered with LiquidityBook to build ARC, a post-trade solution with unprecedented functionality for execution, allocations, clearing, and more. ARC has evolved continuously since then as both firms work to satisfy unmet needs in the market. Powered by LBX Portal, ARC enables CAPIS’ clients to streamline #execution and #allocation methods for managed accounts, greatly increasing operational efficiency. Read on to learn how it all came together: https://hubs.la/Q02RQLQz0

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What is Power-to-X and how can it fill the gaps in the renewable energy journey and help technologies extend into new sectors in the future? Read our latest digital article. #nuveeninfra

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Commodities remain a foundation for economic growth. The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF provides diverse commodity exposure with no K-1 tax form. $COMB For important risk disclosures, learn more at https://buff.ly/401GPLT

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Commodities remain a foundation for economic growth. The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF provides diverse commodity exposure with no K-1 tax form. $COMB For important risk disclosures, learn more at https://buff.ly/401GPLT

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The U.S. SEC turned down the 19b-4 applications by the Cboe BZX on behalf of two prospective Solana ETF issuers, according to a well-placed source. This came after the agency reiterated its view to issuers that Solana is a security, The Block previously reported. #VZoneSolutions #SEC #Solana #ETF #CryptoRegulation #CboeBZX #Blockchain #CryptoNews #SolanaSecurity #FinancialMarkets #CryptoLaw

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Could the U.S. election unplug or charge up the energy transition? Listen to Gil Fortgang, our Washington associate analyst and Rick de los Reyes, the head of commodities tackle this question in the latest episode of our podcast, The Angle. https://trowe.com/40wyCQ5

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On Monday's AOA, powered by Cenex, we start the show with a look at the latest CFTC report, the energies and macro markets and more with Darin Newsom, Senior Market Analyst with Barchart. In Segment Two, we get an update on the dry weather for much of the U.S., the latest outlook for Hurricane Milton impacting Florida and an update on weather in South America as DTN Meteorologist John Baranick joins the show. In Segment Three, we discuss the topic of food waste with a particular emphasis on dairy with Florian Sanchez from Novonesis. Then we take a look at ag news headlines in Segment Four to close the show.

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