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Author Archives: John Lothian

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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.

FIA Comes to Chicago to Talk Retail Derivatives Standard

The FIA is coming to Chicago for an event focused on the retail listed derivatives market. The event features a keynote address by CFTC Chief Market Intelligence Officer Andrew Busch and panels led by the Most Interesting Man in the World, CQG’s Pat Kenny and JLN’s Contributing Global Markets Editor Jim Kharouf. The event is on Monday, May 14 and free to FIA members. Non-members can attend the event at the Union League Club for $75. FIA CEO and President Walt Lukken will open the event, which is scheduled to start at 1:00 p.m. and end at 5:30 p.m., with…

CQG Creates a Chief of Staff Position; Names Alli Brennan to Role Standard

CQG has created a new position to help execute their strategic business plan. The position is chief of staff, and for that position they selected Alli Brennan. She started in that role on May 1. Brennan’s rise at CQG is a product of her strong leadership skills, industry understanding and a knack for integrating data into the decision making process. She is not a seat of the pants manager, but a data driven change agent who understands the markets and the industry. “Alli will be responsible for the execution for our strategic business initiatives and to help align everyone around…

Crypto Markets News from John Lothian News – May 8, 2018 Standard

Bitcoin Sees Wall Street Warm to Trading Virtual Currency Nathaniel Popper – WSJ Some of the biggest names on Wall Street are warming up to Bitcoin, a virtual currency that for nearly a decade has been consigned to the unregulated fringes of the financial world. https://jlne.ws/2HZoKr5 Buffett and Gates Are the Latest Bitcoin Critics, Halting $10,000 Push Camila Russo and Katherine Chiglinsky – Bloomberg Surprise! Bitcoin is getting no love from two of the world’s wealthiest men. https://jlne.ws/2HYt4qH Dancing Badgers Draw More Attention Than SEC at Ethereum Meeting Camila Russo – Bloomberg In the crypto world, all eyes are on…

Crypto Markets News from John Lothian News – May 7, 2018 Standard

Ripple Hit With Class-Action Suit Over ‘Never Ending ICO’ Lily Katz – Bloomberg Plaintiff alleges Ripple sold unregistered securities; Startup created XRP tokens ‘out of thin air,’ complaint says Ripple Labs Inc., the fintech startup that controls the world’s third-largest cryptocurrency, was hit by a lawsuit alleging that it led a scheme to raise hundreds of millions of dollars through unregistered sales of its XRP tokens. https://jlne.ws/2jCnRpE Will the Real Bitcoin Please Stand Up? Jen Wieczner – Fortune The great Bitcoin fork of 2017—when the original blockchain split last August to create Bitcoin Cash—appears to have ended pleasantly, at least…

Crypto Markets News from John Lothian News – May 2, 2018 Standard

Crypto Startups Hand Out Digital Coins for Free Amid Scrutiny Olga Kharif – Bloomberg Startups are giving away crypto tokens to help boost profiles; Free coins usually don’t provide any ownership in enterprise When Michael Terpin peered inside his cryptocurrency wallet recently, he found several new coins — ones that he didn’t buy. https://jlne.ws/2jkOdwl Kraft Heinz Issues ‘Bacoins’ in Spite of Buffett’s Distaste for Crypto Olga Kharif – Bloomberg Warren Buffett has said cryptocurrencies such as Bitcoin will come to a “bad ending.” He probably wasn’t referring to cholesterol. https://jlne.ws/2jluFb2 Wall Street veteran and CEO of Japanese online broker says…

John Lothian News Announces Promotions Standard

Sarah Rudolph

John J. Lothian & Company, Inc. is pleased to announce the following promotions in its John Lothian News division: Sarah Rudolph has been promoted to Head of Editorial Operations in addition to her role as John Lothian News Managing Editor. Spencer Doar has been promoted to Editor from Associate Editor. Jeff Bergstrom, CIO of John J. Lothian & Company, Inc., has added Editor of CryptoMarkets to his list of responsibilities.   Mike Forrester has been promoted to Producer from Video Editor. Former CEO and Editor in Chief Jim Kharouf, now a freelancer to JLN, has been named JLN Contributing Global…

Congressional CFTC Budget Decision Lacks Vision and Reason Standard

A reasonable person could see that the U.S. Commodity Futures Trading Commission needs an increase in its budget to address the growing responsibility it has acquired over US markets in recent years and the dramatic development and investment in fintech and cryptomarkets. A reasonable person, Democrat or Republican, would vote for the modest increase the CFTC requested unless they suffer from a chronic case of market myopia. But alas, the budget passed by the U.S. House of Representatives cuts the CFTC’s funding by $1 million to $249 million, and reason was not what ruled the day. The adjective that comes…

More Questions Than Answers For A Potential CryptoMarketsWiki ICO Standard

In the announcement of CryptoMarketsWiki last week, I mentioned that the project would explore the initial coin offering process from an editorial and strategic perspective. If our due diligence works out, we may go ahead and conduct an ICO and use the token in our business operations. But there are lots of questions to answer before we get there. In fact, there are lots of questions we don’t even know yet, let alone know the answers. However, if we are going to build the central knowledge base for the cryptomarkets world, having real life experience with the product would be…

Potential CME-NEX Deal Is Full of History, Dilemma, Risk and Reward Standard

For many years, the Chicago Board of Trade had cash treasuries envy, wanting to add the trading of cash treasury bonds and notes to its offerings. For many years, the CME has had cash currency trading envy. Both exchanges, now part of the CME Group, have tried to compete in cash Treasury and FX through various collaborations and initiatives. None of them succeeded. Chicago Board Brokerage and FXMarketSpace are long gone, but the desire to add treasuries and cash FX trading has never disappeared. Now, if CME Group’s confirmed interest in NEX Group becomes a deal, it can add both…