​Daily Bulletin: Thursday Jan. 22

The market spent Thursday digesting news from Europe today, with the ECB revealing its long awaited quantitative easing plans. ECB President Mario Draghi announced plans to buy EUR60 billion of bonds a month through to at least September 2016. Echoing Japan’s goal of 2011, he’s aiming to target close to 2% inflation in a bid to fight deflation. In the U.S. today, SPY calls were active in listed flow, with investors targeting March 2015 220 and 215 strikes. EEM also saw heavy put buying. We also have another look at oil today, with investors seen entering OTC risk reversals on major single name producers, in a bid to play stabilization in prices. In Canada, the TSX is looking to target listed structured product issuers with new rules codifying listing requirements.