Breaking News

Category Archives: Investing & Trading

Today’s top stories from fixed income, currencies and commodities (FICC)

The Most Popular Stories of 2016 on JohnLothianNews.com Standard

As we end 2016 we should all stop in at Ceres in the Chicago Board of Trade Building for a stiff drink and to shake the hand of Billy Assimos. He was the focus of the most read story on www.johnlothiannews.com in 2016, according to Google Analytics. Sarah Rudolph penned the story, “Billy Assimos, the Face of Ceres” in June of this year. Assimos is the longtime manager of Ceres, a restaurant and bar in the CBOT Building, and a friend of many. I guess it pays to serve the stiffest drinks in Chicago. Coming in second place was Jim…

Gorbachev is Dead! Fake News is Nothing New To The Markets Standard

Courtesy of Wikipedia

Fake News Is Just Like a Game of Who Wants to be a Millionaire Fake news is nothing new. In fact, it is neither fake nor news. It is something called rumors. A rumor is just talk or opinion widely disseminated with no discernible source or a statement or report current without known authority for its truth. Sometimes it is true, sometimes it is not. Sometimes it was created by individuals to influence a market, sometimes it is just someone misinterpreting something they see. The markets have long dealt with rumors. That is part of the beauty of markets. They…

The Black Swan – the new symbol of the United States of America Standard

  Yah baby, Yah! Dodd-Frank, gone. Clearing mandate, gone. Regulations, gone. Low interest rates, no problem. Volcker Rule, gone. Volatility, you bet. Bullish on the exchange sector, you bet. The American voters just unleashed the greatest gift on the world of trading we could have ever asked for. We will now have volatility at all times of the day and night. Binary contracts just became a big thing. Forget about market direction. You better learn to trade volatility. We just made the Black Swan the new symbol of the United State of America. Goodbye Eagle. You want some Twitter rants…

A Tangled Web: Exploring The Explosive U.S. Growth Of Options On Futures Standard

Options on futures volumes have been on the rise since the financial crisis. To explore the reasons for the trend, John Lothian News spoke with a variety of industry participants over the course of the summer.  The cause of the increasing volumes is an amalgam of larger trends in the financial industry, and the effects are a bright spot in an overall dark landscape.   Click here to view the article.         

WILD to Hold 5th Annual Symposium Standard

“THIS IS OUR MOMENT” is the theme Women in Listed Derivatives, or WILD, is holding their fifth annual symposium on Tuesday, November 1 from 3 to 7 PM at the UBS Building in Chicago. This year’s program will feature opening remarks by OCC Executive Chairman and CEO Craig Donohue and an interview with longtime CME Board member and financial journalist Terry Savage. Mr. Donohune will be conducting the interview of Ms. Savage. There will also be a panel discussion that will focus on diversity in board and executive committees. Lynn Marek of Crain’s will moderate, something I have not seen before….

John Lothian: U.S. Stock Exchanges to Overhaul Process for Reopening Trading After Halt; Virtu Never Loses (Well, Almost Never); Will LME consolidate or fragment London’s bullion market? Standard

First Read Bits & Pieces By John J. Lothian This morning we are running the video interview we did with David Lehman of the CME Group about the Live Cattle contract changes the CME is proposing. Pending CFTC approval, the new delivery specs will go into effect later this month. We are also releasing the video from Walt Lukken’s MarketsWiki Education World of Opportunity presentation in Chicago from July. He gave not one, but two great mini-presentations – the first half as an introduction to the industry and the current state, and the second half as a few career tips…

John Lothian: Whistleblowers Are Poised to Collect $100 Million; UK government bonds turn negative in historic rally; London Metal Exchange earnings drop as activity declines Standard

First Read MarketsWiki Education Video Update Yesterday we started on Day 2 of our MarketsWiki Education series from Chicago, and we started off with a bang. The usually low-key Jeff Levoff, partner at DRW gave a rousing and thoughtful presentation on the company’s philosophy, the role of proprietary traders and how that is changing. As this was a version of the talk he gives on college campuses across the nation, it was, shall we say, well received. Also, look below the video for a list of the presentations we have published thus far. We have a lot of fantastic presentations…

John Lothian: CFTC Announces Enhancements to Protect Customer Funds; London market to get new gold futures contracts; Bats Europe targets block trades ahead of Mifid II Standard

First Read Yes, Precious Doug Ashburn, JLN Sometimes the best ideas are worth waiting 139 years for. This morning the World Gold Council and the London Metal Exchange, together with a consortium of banks, announced a planned launch of LMEprecious, a new platform for spot, daily and monthly futures, options and calendar spread contracts for gold and silver, with platinum and palladium planned for down the road. This will mark the second attempt at a gold futures contract at the 139-year-old LME. The previous one, London Gold Futures Market, launched in 1982 and never really caught on. It was shuttered…

John Lothian: Trading Tech Accelerates Toward Speed of Light; PwC must face $1 billion MF Global malpractice lawsuit; Bitcoin Exchange to Spread Losses of Hack Standard

First Read Bits & Pieces By John J. Lothian Nick Notorangelo of Riskbone is a hero. He helped save a young man’s life last week after the 27-year old man had been shot in the neck during an apparent drug deal in the Lakeview neighborhood on Chicago’s north side. Here is the story. Nice work Nick! CME Group’s Trading Tech 300 merit badge program offering the law and technology merit badges was a big success. CME Group Chief Intellectual Property Counsel and merit badge instructor Matthew Kelly, and some associates, did a great job with the classes. It was a…