Breaking News

Author Archives: John Lothian

About Author

Lothian is executive chairman and CEO of John J. Lothian & Co. and editor of the John Lothian Newsletter. He publishes MarketsWiki.com, MarketsReformWiki.com, MarketsWikiEducation.com, JohnLothianNews.com and three industry newsletters.

Nasdaq: Q&A with Oliver Albers – Data Is Revolutionizing Markets Standard

Three Changes to Enhance Fairness, Transparency and Competition Editors note: Nasdaq shared with John Lothian News an internally produced question and answer interview with Oliver Albers, SVP and Head of Strategic Partnerships for Nasdaq’s Global Information Services. Note from Nasdaq: Here at Nasdaq, we often say, “information is the lifeblood of markets.” That’s especially true in today’s digital era, and it’s not hyperbole. Market data is far more than simply a collection of buy and sell orders communicated on stock-trading platforms. It’s the collection and curation of billions of individual data points that are the essential fuel for the entire market in…

The Fearless Girl National Youth Training Fund; Turbocharging Scouting Leadership for Girls Standard

For the last several years I have had the privilege of serving as a liaison between our industry and the Boy Scouts in Chicago. As a result, I have been able to suggest leaders from our industry to serve as chairs of the LaSalle Street Trading Tech Awards event.   This year, I wanted two women as co-chairs because this is the year girls are coming into Cub Scouts, and next year they will be able to join Scouts BSA, the new name for Boy Scouts.   Former Cboe General Counsel Joanne Moffic-Silver and OCC’s Amy Shelly are this year’s…

Joe O’Neill, New York Commodity Exchange(s) Executive, Passes Away Standard

Longtime New York commodity exchange executive Joe O’Neill passed away on August 4, 2018 at the age of 74. This plain statement tells little of a life lived in the most colorful of times in New York commodity exchange history or a career that included launching the first financial futures (before CME/IMM by 2 years), the creation of the Dollar Index Contract (with the help of Paul Tudor Jones) and being the consultant for the futures trading aspects of the script of the hit movie “Trading Places.” O’Neill started working in the exchange space in New York in 1970 when…

YCharts Seeks to Turbocharge Growth; Adds TT’s Michael Kraines to the Board Standard

When YCharts sought to fill their open board seat, they were looking for someone who could help this Chicago Fintech success story continue its robust growth and maybe help turbocharge it. They found the answer in an executive from another Chicago fintech success story, Michael Kraines, President and CFO of Trading Technologies. YCharts sits in a sweet spot competitively: less expensive than some of the dominant players like Bloomberg and Thomson Reuters, and having more functionality for its wealth advisor clientele than the free offerings from Google or Yahoo Finance. With an easy to use, intuitive interface, as well as…

NFX Basis Point Value Contracts; One quarter hubris, three quarters details Standard

The hubris is mine, not Nasdaq’s. Over 20 years ago I came up with the idea for an innovative new futures contract that would improve hedging and engage speculators in new ways in fixed income trading. The idea was basis point value futures. Today, Nasdaq announced just that: a new U.S. Treasury futures product that builds on their cash Treasury market and allows customers to use “the dollar value of one basis point” to more accurately hedge a portfolio of cash Treasurys. The proper name of the contracts is: U.S. DV01 TREASURY FUTURES. I have shared this idea with many…

Updated: John Lothian Announces Launch of CryptoMarketsWiki.com Standard

(Adds quote from Bob Fitzsimmons of Wedbush Futures) CryptoMarketsWiki.com went live today with the launch of the latest media product from John Lothian, publisher of John Lothian News and founder of MarketsWiki. Cboe Global Markets, Murphy & McGonigle, Wedbush Futures and Athena Bitcoin are the initial sponsors of the new site. “Murphy & McGonigle is thrilled to be a sponsor of the CryptoMarketsWiki,” said partner Joseph Lombard of the firm’s FinTech & Blockchain Practice. “We are longtime admirers of JLN’s ability to bring clarity to the complexities of trading and markets, and we look forward to the good work that…

Crypto Markets News from John Lothian News – May 30, 2018 Standard

crypto markets update 2

‘Layer 2’ Blockchain Tech Is an Even Bigger Deal Than You Think Michael J Casey – Coindesk Welcome to the “Layer 2” era. We are now entering an exciting new phase of blockchain development in which the lightning network and other programming solutions that operate “on top” of existing blockchains promise big strides in scalability, interoperability and functionality. There is still much work to be done. The early tech is buggy, and new security and trust solutions must be figured out when much of the computing activity in individual transactions or smart contracts is taken “off chain.” http://bit.ly/2kAKoDZ Bitcoin is…

Sincere Flattery and Competition Standard

“Imitation is the sincerest form of flattery,” wrote English cleric and writer Charles Caleb Colton. The NYSE and Nasdaq have flattered each other plenty over the years as they competed globally in the exchange and OTC market space. It often seemed there was not a move NYSE made that Nasdaq did not try to match or top, and vice versa. The imitation here is not that NYSE matched Nasdaq by naming a woman, Stacey Cunningham, as head of the exchange to counter Nasdaq’s Adena Friedman. Rather, both exchanges chose the best qualified candidates for the role of president or CEO….

Fighting for Futures; Brain Tumor Awareness Month Standard

May is Brain Tumor Awareness Month May is Brain Tumor Awareness Month and the futures industry is teaming up to fight for one of their own and children with brain tumors. https://team.curethekids.org/fightingforfutures2018 Meet Beckett.  Beckett is the son of Matthew and Millie Ryba.  Becket is like  most 7 year-olds except he has been battling a brain tumor since 2011.  Millie works for the CME Group and Matthew used to work in banking  until he left to stay at home full time to care for Beckett.  Beckett is one of 28,000 children in the U.S. currently fighting a brain tumor.  That’s 13…