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Author Archives: Doug Ashburn

About Author

Doug Ashburn is a former editor-at-large of John Lothian News. He left in late 2016 and is now the managing editor of T3 Custom.

Gary DeWaal, Katten Muchin Rosenman – Regulation, Compliance and the Grandma Test Standard

“Don’t let the perfect be the enemy of the good, and remember to apply ‘the grandma test.’” When you are faced with a difficult decision, picture this: you’re sitting at Thanksgiving dinner, the family is gathered around the table, and grandma comes in holding a newspaper with your picture on it. If she is happy to read about your decision, it was probably a good decision. If not, it was probably the wrong decision. Gary DeWaal knows regulation. He knows that good financial market regulation serves the public interest, and is neither overly prescriptive nor overly ambiguous. Good financial regulation…

Bill Looney, CBOE – The Champions’ Mindset Standard

“The more you apply your inherent skill set to a job, and the more that job requires your inherent skill set, the greater the formula is for success. And, more importantly, the happier you’ll be.” Bill Looney is a real Renaissance man – institutional sales trader, client services executive, jazz drummer, amateur pilot and professional golfer. He also knows the stuff of which champions are made. He tells the story of Dustin Johnson, winner of the 2016 U.S. Open golf tournament, who found himself at the center of a controversy when his ball “may or may not have” moved just…

John Lothian Newsletter: Deutsche Bank Drops to Record as Some Clients Reduce Exposure; ICE Clear Credit Recognized As Third-country Central Counterparty Under EMIR; Derivatives surge sees two thirds of firms increasing tech investments Standard

First Read Who Needs Tickets? Next week is the A Leg To Stand On Rocktoberfest event here in Chicago, at City Winery on October 6 at 6 p.m. This year Geneva Trading is providing four tickets for the event, each valued at $200 per ticket. If you’d like to attend and want a chance to win the 4-pack, please click on the link Geneva Trading and go to Geneva Trading’s page on Marketswiki. The fifth person to click on the page wins. Simple, no strings and the winner and friends will have a great time. If you have not been…

John Lothian News Brings A World of Opportunity to London For Third Year Standard

Event brings together industry leaders, who share stories and ideas with “the next generation of market participants.” John Lothian News is bringing its MarketsWiki Education World of Opportunity series to London for the third straight year on Monday, October 31, 2016. The registration is up and ready on the MarketsWiki Education page of the John Lothian News website. Interns, new employees and anyone interested in learning more about opportunities, trends and careers in the capital and derivatives markets should attend. Please pass this information on to anyone who you think would be interested in attending. The goal of the series is very…

John Lothian Newsletter: Peak Finance Looks Like It’s Over; Banks Lead Charge to Adopt AI for Business; U.S. to expand rules for ‘too-big-to-fail’ clearing houses Standard

First Read Invest in the Future; Trading Tech Awards Event to Launch Merit Badge Workshop Program Expansion By John Lothian Trading Tech Awards Event – Register Here For 45 years the financial community of Chicago has been supporting the Boy Scouts of America with an event that used to be held right on LaSalle Street under a big circus tent in front of the U.S. Federal Reserve Building. The event was the LaSalle Street Dinner. It still exists, but in a different form. In the past, leaders from the financial community, prominent bankers, brokers, clearinghouse executives and exchange leaders served…

Kenny Polcari, O’Neil Securities – Charting a Career Standard

“Let me go and check this out. I’m either going to love (an intern job at the NYSE) or I’m going to hate it. If I hate it, OK, chalk it up to experience, but if I love it, it may change the course of my life. And, in fact, it changed the course of my life.” Market strategists love to follow charts. They look for trends, breakouts and key reversals. They pay close attention to entry points and exit strategies. Most importantly, they know they must concentrate not on the last trade, but rather the next one. In this…

John Lothian Newsletter: MarketAxess muscles into US bond trading as banks retreat; Hedge Funds Face Most Difficult Era Julian Robertson’s Ever Seen; Brazil opens antitrust probe into BM&FBovespa bourse Standard

First Read The mystery of high-frequency trading; How can you put a speed limit on something you can’t track? By ZACHARY WARMBRODT – Politico Something mysterious rattled one of the world’s most stable financial markets for 12 harrowing minutes on Oct. 15, 2014. During that brief window, the yield on the 10-year Treasury note—a benchmark security critical to funding the federal government—dropped dramatically and then surged, and no one could tell why. It was, said JPMorgan Chase CEO Jamie Dimon, “an event that is supposed to happen only once in every 3 billion years. “ /goo.gl/2lnCIx ***** Everyone one I…

John Lothian Newsletter: Six Exchanges Collectively Fine Merrill Lynch; CBOE, Bats Deal Creates New Exchange Behemoth; Hedge Funds Take Another Punch to Gut Standard

First Read Kristin Boggiano, Guggenheim Partners – It’s a Jungle Out There MarketsWikiEducation.com “You’re going to reinvent yourself your whole career. It’s not just a one-step thing. You may start off in the Ecuadorian Amazon, and become a regulatory lawyer years later.” When Kristin Boggiano was finishing college, she admittedly had no clue what she wanted to do. So when she got an opportunity to spend three weeks in the jungles of Ecuador working with indigenous tribes, she jumped at the chance. When she returned, she still had no conclusions, except that she really enjoyed indoor plumbing, air conditioning and…

John Lothian Newsletter: CBOE Agrees to Buy Market Operator Bats for $3.2 Billion; LSE and banks set to launch new derivatives exchange; CME Seeks Clearing Shift as Rules Reshape Derivatives Standard

First Read CBOE Hits Home Run In Bats Acquisition By JLN Staff “This is a great fit culturally,” said CBOE CEO Ed Tilly, who is trying to pull off the biggest deal of his career, with the $3.2 billion acquisition of Bats Global Markets Tilly and his team was also looking for a deal that would create cost synergies for the firm, and of course, growth. The combined offering will push CBOE well beyond its equity options and niche futures business. On the options side, Bats offers a maker-taker options exchange with price-time allocations. Bats also extends CBOE into the…