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Financial news updates from John Lothian News.

SunGard’s Brokerage and Clearance business becomes sponsor of MarketsWiki Standard

John J. Lothian & Company, Inc. is pleased to announce that SunGard’s Brokerage and Clearance business has agreed to become a Partner level sponsor of MarketsWiki. “SunGard’s brokerage and clearance business is pleased to sponsor MarketsWiki,” said Tony Scianna, executive vice president of SunGard’s brokerage and clearance business. “MarketsWiki provides valuable information to the financial community as well as a platform for meaningful collaboration among industry participants. Our support of MarketsWiki underlines our belief in the value of building communities and the importance of communication, transparency and efficiency across the financial industry.”

NYSE Liffe U.S. To Offer Exclusive Trading of MSCI-based Futures Contracts Standard

By Sarah Rudolph NYSE Liffe U.S. announced today that it will become the only U.S. exchange trading MSCI-based futures contracts starting no later than June 2011. MSCI will not be renewing its licensing agreements with the Chicago Mercantile Exchange to create futures contracts on the MSCI EAFE and MSCI Emerging Markets Indices. We spoke with Marco Bianchi, head of business development for NYSE Liffe U.S., who said that when NYSE Liffe signed the license agreement with MSCI last year the exchange knew there would be a period when some of the products would still be trading on the CME as…

The Declaration of Independence Standard

A couple hundred years ago, a set of determined, stubborn people found the audacity and strength within them to thumb their nose at a government that they believed no longer acted in their interests. The risk was tremendous, and before long risk became a reality as the rebellious American colonists found themselves in a tremendous struggle for their newly-declared autonomy and, in many cases, their lives. The paper’s words today seem archaic in some ways, but the spirit burns bright inside the country that this weekend celebrated this Declaration.  It is reprinted here, along with the names of those who…

CME Group Issued the Following Statement Regarding Market Events on May 6 Standard

Chicago – May 7, 2010 – CME Group has issued the following statement: “CME Group markets functioned properly yesterday despite significant market activity due to global macroeconomic conditions and apparent problems that resulted in the cancellation or ‘busting’ of securities transactions by The Nasdaq Stock Market and the NYSE Arca in coordination with all other UTP Exchanges. Upon review of yesterday’s trading activity in CME Group markets, we have concluded that we did not experience technology or systems issues associated with trading activity between 1:00 and 2:00 p.m. CST. Additionally, it does not appear that CME Group clearing firms or…

Song? A Golden Voice Standard

John Lothian

In light of my CFTC metals testimony yesterday and with a wink to country music artist Tim McGraw, here are the lyrics of a song I call “Golden Voice”: Fort Knox Stores it King Midas Touched it The Magi Presented it Thomas More made fun of it Skeptics bit it Alchemists tried to make it The Forty-Niners Rushed it

John Lothian Written CFTC Hearing Testimony on Metals Position Limits Standard

Hello. I am very pleased to have been asked by the Commission to testify at this hearing. I am the president & CEO of John J. Lothian & Company, Inc., a market focused new media firm and Commodity Trading Advisor. In addition to being a CTA, I am a futures broker. In the latter, I am president of the Electronic Trading Division of The Price Futures Group, Inc., a Chicago-based Introducing Broker. I am here representing my own views. At my last visit to the Commission, I noted that futures markets have two primary functions; price discovery and risk transfer….

JLN Exclusive: Trading Technologies’ Potent Patent Portfolio Standard

Trading Technologies

TT Files New Lawsuits, Adds New Patents to Existing Lawsuits Yesterday, Trading Technologies International filed a patent lawsuit in United States District Court Northern District of Illinois against Cunningham Trading Systems and Interactive Brokers. Also, TT has added to the original patents claims from what was previously asserted in their legal actions against SunGard/GL/FuturePath, BGC and CQG. According to Steve Borsand, TT’s patent attorney, despite the new filings, TT is hoping to encourage commercial solutions in which it would license what it believes to be valuable innovations. TT’s believes it has the largest portfolio of electronic trading patents, which now totals over…

NYSE Liffe US Renews Sponsorship of JLN Metals Edition through 2010 Standard

John J. Lothian & Company, Inc. is pleased to announce NYSE Liffe US has renewed its sponsorship of JLN Metals Edition. NYSE Liffe US is pleased to continue its highly successful sponsorship of the JLN Metals Edition through 2010. The current precious metals market is extremely dynamic, so it is essential for our clients to have comprehensive, reliable information and analysis. The JLN Metals Edition provides this to them every day,” said Thomas Callahan, CEO, NYSE Liffe US.

Chicago Event this weekend-Jasper Against Batten Standard

THE MOST FUN AFTERNOON FOR YOUR FAMILY IS JUST AROUND THE CORNER… What could be better than a really fun, very affordable, afternoon of amazing activities for the kids, with great food and prizes on a cold Sunday afternoon…with football on large flat-screen TVs?? Answer: The fact that this tax-deductible donation will go toward saving the life of one of our own little boys and so many children suffering with a deadly disease now! We really hope you will join us this Sunday!Event Details: The Lakeshore Athletic Club will be hosting: A Birthday Bash Against Batten: A Family Day of…