Gm January 2014 Options Begin Trading

Ex-Microsoft exec charged with insider trading

Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp (MSFT.O) information, which prosecutors said netted the pair more than $390,000 in illicit profits over an 18-month period. Brian Jorgenson, a senior portfolio manager at Microsoft, passed information to a former colleague, online day trader Sean Stokke, who executed the trades, according to prosecutors. According to complaints filed by the department and the SEC, the scheme began in April 2012 when Jorgenson, 32, found out through his job in Microsoft’s treasury department that the software company was planning a multi-million dollar investment in the digital business of bookseller Barnes & Noble Inc (BKS.N). He passed that information to Stokke, now 28, who bought options betting that Barnes & Noble stock would rise.
Source: http://www.reuters.com/article/2013/12/19/us-microsoft-insidertrading-idUSBRE9BI17120131219

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 60%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.60% return on the cash commitment, or 26.36% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of Stocks Analysts Like Below is a chart showing the trailing twelve month trading history for General Motors Co., and highlighting in green where the $40.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $41.00 strike price has a current bid of $1.27.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/12/19/gm-january-2014-options-begin-trading/

Microsoft Manager Accused of Leaks to Friend for Insider Trading

UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trading performance displayed herein is hypothetical.
Source: http://www.fxstreet.com/analysis/weekly-eurusd-analysis/2013/12/20/

Ex-Microsoft manager and friend charged with insider trading

The new trading specification reflects the changing quality standards of US coal production, which have shifted over time. The new 12,000 Btu/lb standard specification is a better match with the region’s typical product than earlier coal specifications. “We are pleased the energy trading community relies on Argus for indexation in this exciting new coal contract,” Argus Media chairman and chief executive Adrian Binks said. “This is an important extension of Argus’ leadership in coal markets and commitment to transparency in world energy markets.” The index is published in Argus Coal Daily , a market report covering the US coal industry and markets. Other key settlement uses of Argus US coal data include physical market supply agreements and quality adjustments. Historical data are available for long-term trend analysis and planning.
Source: http://finance.yahoo.com/news/trading-argus-us-standard-heat-153000902.html

Ex-broker pleads guilty to insider trading over 2009 IBM deal

The executive, Brian Jorgenson, 32, worked in Microsoft’s corporate finance and investment division, according to the Securities and Exchange Commission, which is bringing the civil charges against him and friend Sean Stokke. The two also face up to 20 years in jail on federal criminal charges in U.S. District Court in Washington State. Authorities said they hoped to make enough money on the trades in order to start their own hedge fund.
Source: http://money.cnn.com/2013/12/19/investing/microsoft-insider-trading/index.html

Trading the USD/JPY today

Earlier this year Nasdaq OMX Chief http://www.etftradingsignals.com Executive Robert Greifeld had said the company would consider a bid for Euronext if the opportunity arose. Atlanta-based IntercontinentalExchange Inc, which owns a network of exchanges and clearing houses, has made clear that it plans to spin off Euronext following this year’s $10-billion-plus merger with NYSE Euronext. Once based in Paris and Amsterdam, Euronext saw decision-making shift from the French capital to New York in 2006 when it was bought by NYSE, a move that had already prompted some market participants to leave Paris for London and elsewhere. French banks, such as Societe Generale, Credit Agricole and BNP Paribas SA, as well as insurer AXA have been approached to take a stake in Euronext, whose IPO is expected to be worth between 1 billion and 1.5 billion euros ($1.4-2.1 billion) BNP Paribas, Credit Agricole and Axa declined to comment.
Source: http://www.reuters.com/article/2013/12/20/france-euronext-banks-idUSL6N0JX2PP20131220?feedType=RSS

Trading to use Argus US standard-heat coal index

Weishaus, whose case is unrelated to Steinberg’s, was first indicted in November 2012 and faced a January 21 trial date. He pleaded guilty to one count of conspiracy to commit securities fraud and one count of securities fraud. The plea is subject to a cooperation agreement. In a statement, Preet Bharara, the Manhattan U.S. attorney, said the investigation is continuing.
Source: http://uk.reuters.com/article/2013/12/19/us-ibm-insidertrading-idUKBRE9BI1FH20131219

China trading volumes climb as global bullion prices drop

Jorgenson and Stokke met while previously working at asset manager Parametric Portfolios, where they talked of one day of having enough money to operate their own investment-fund business, according to the Justice Departments complaint. Project Newberry Jorgenson joined Microsoft in 2011 and learned of a planned $300 million investment in Barnes & Nobles e-reader on April 18, 2012, from his supervisor, according to details outlined by Kathleen Moran, a special agent with the Federal Bureau of Investigation, in the complaint. The deal was code-named Project Newberry, Moran wrote. Jorgenson also discussed Microsofts strategic investments in a meeting with his working group, according to the complaint.
Source: http://www.businessweek.com/news/2013-12-19/microsoft-manager-friend-accused-by-u-dot-s-dot-of-insider-trading

Trading tax hurts bid to keep Euronext in French hands

In Tokyo, premiums climbed to $1.50 an ounce from 50 cents overnight as demand picked up and the yen weakened. In other regions such as Thailand and Indonesia, weakness in the regional currencies kept buyers away. In India, premiums rose to $125 an ounce on Friday from $110 a day ago but were still below $160 quoted earlier this month. To curb a rising trade deficit, India has slapped a record import duty of 10 percent on gold and tied imports for domestic consumption with exports, creating a supply crunch.
Source: http://finance.yahoo.com/news/china-trading-volumes-climb-global-094715071.html

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