Twitter Options Begin Trading Today: Here’s What You Need To Know

The shift away from past years of heavy spending on resources is an attempt by the trading houses to broaden their revenue streams, stem profit declines and boost their lagging shares. Fuelled by what was a strong yen, ample opportunities and often deeply discounted prices, the firms, known as sogo shosha, have pumped in $83 billion over the past three years on everything from U.S. shale gas fields to copper mines in Chile. But with China’s economic growth slowing, the Japanese yen nearly a quarter weaker than a year ago, and raw material prices under pressure, the allure of resource assets has dimmed. Mitsubishi Corp (8058.T), Mitsui & Co (8031.T), Marubeni Corp (8002.T), Itochu Corp (8001.T) and Sumitomo Corp (8053.T) have so far earmarked more than 7 trillion yen ($70.41 billion) for total investments by early 2016, according to their current strategic business plans.
Source: http://www.reuters.com/article/2013/11/15/us-japan-trading-houses-investment-idUSBRE9AE0ET20131115

The units profit and loss account is: trading profit minus gas losses minus costs for staff. The Essen, Germany-based utility buys gas from Russia s Gazprom under long-term contracts at oil-linked prices higher than those on the wholesale market. While RWE renegotiated one of the contracts earlier this year, it still buys the fuel under unfavorable terms, the German company said today. The purchase conditions continue to be partly determined by developments on the oil market, the company said in its earnings report. We initiated a new price revision in order to fully eliminate oil indexing, which is disadvantageous to us. The price for gas imported at the German border was 27 euros a megawatt-hour at the end of August, according to data of the German Federal Office of Economics and Export Control, BAFA. Thats 5.3 percent more than the closing price of 25.63 euros a megawatt-hour on Aug. 30 for month-ahead gas on the Dutch Title Transfer Facility, the continental European benchmark, according to broker data compiled by Bloomberg.
Source: http://www.bloomberg.com/news/2013-11-14/rwe-trading-unit-s-loss-doubles-in-third-quarter-on-gas-costs.html

Baltic Trading Limited Prices Common Stock Offering

WASHINGTON President Obama tapped a senior Treasury official to take over as one of Wall Street’s top regulators, leading the agency charged with overseeing complex financial derivatives. Obama said Tuesday he would nominate Timothy Massad to succeed Gary Gensler as chairman of the Commodity Futures Trading Commission. Gensler’s term expires at the end of the year. Massad has spent more than two years in charge of winding down the $700-billion trading etfs financial crisis bailout fund, which has turned into a gain for taxpayers so far, though a small projected loss on paper. Calling the CFTC a “small but mighty independent agency,” Obama said it plays a crucial role in using new rules under the 2010 Wall Street reform law to try to prevent a repeat of the financial crisis.
Source: http://www.latimes.com/business/la-fi-cftc-massad-20131113,0,995562.story

Here’s a breakdown of where the revenues come from for the combined company, year to date: Futures: 46 percent Listings: 12 percent Other (technology services, data fees, etc.): 28 percent Notice that only 5 percent of the revenues come from U.S. equities, which is the NYSE floor and electronic trading. Most of the business is in the futures area: energy futures, agricultural futures, and the LIFFE European derivatives business that ICE acquired with the NYSE. So where’s the growth? Sprecher made it clear he wanted to become the trading platform of choice. “We’re a multi-asset class network.
Source: http://www.cnbc.com/id/101196056

The measure has since fallen to 40.5.For LinkedIn, the professional-networking site which wentpublic in May 2011, implied volatility has fallen to 36.8. Thatcompares with 74 during the initial two weeks. 3. Volatility on social media stocks like LNKD , YELP , or GRPN has picked up in the past month, which might move implied volatility for TWTR a bit higher as well. Put it all together, and Im relatively confident that well see Twitter options priced in the 55-65 implied volatility range to start. Higher than Twitters 5 day realized volatility so far, but not higher than the current implied volatility for most stocks in the sector.
Source: http://finance.yahoo.com/blogs/the-exchange/twitter-options-begin-trading-today–here-s-what-you-need-to-know-132218035.html?l=1

Jefferies LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering, and DVB Capital Markets LLC, Cowen and Company, LLC, and Clarkson Capital Markets LLC are acting as co-managers for the offering. The common stock was offered pursuant to a shelf registration statement that was previously filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). The offering was made only by means of a prospectus supplement and an accompanying prospectus. Copies of the prospectus supplement and accompanying prospectus were filed with the SEC and are available on the SEC’s website, http://www.sec.gov .
Source: http://finance.yahoo.com/news/baltic-trading-limited-prices-common-133000062.html

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