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Category Archives: John Lothian Newsletter

The John Lothian Newsletter provides news and commentary about the global exchange traded derivatives, securities, environmental and related OTC markets. The daily email intelligence briefing and companion blog are edited by and .

NYSE vet Peggy Sullivan joins exec team at Vela; Nvidia’s Crypto Business Dries Up Standard

First Read Hits & Takes JLN Staff SGX reported an open interest record in its USD/CNH futures contract on August 16 of 49,631 contracts, with a notional value of $4.96 billion.~JK The WILD Chicago Event: Sexual Harassment at work in the #MeToo Era, which was originally scheduled to take place August 16, has been rescheduled for October 4, 2018. The event, presented by Women in Listed Derivatives, will be conducted by Jennifer Schoen Gilbert of Stowell & Friedman, Ltd., a law firm dedicated to defending employees’ civil rights including against sexual harassment. The workshop will provide an open ended discussion…

The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks; Big Ag Firms Face New Threat Standard

First Read Hits & Takes JLN Staff Bailey Kessing of Trillium is the focus of today’s video from our MarketsWiki Education World of Opportunity series in New York. I believe Bailey is the youngest person we have had as a speaker at our MWE programs. Bailey was also the 2018 winner of the women’s longest drive contest at FIA Boca, which is a first for us too.~JJL One of the highlights of The Voice of Blockchain event next week will be a presentation from Brittany Kaiser, the whistleblower who helped expose the abuse of Facebook data by Cambridge Analytica. The…

RJO hires Stephen Brodsky; Economists warn on US corporate giant dominance Standard

First Read Hits & Takes JLN Staff Don’t miss the profile of Stacey Cunningham, the first female president of the New York Stock Exchange, in Time Magazine.~JJL Longtime options industry executive Kevin L. Murphy has written a new book, The Three Rooms, which focuses on helping increase awareness of your own thoughts and emotions. Can’t wait to read it.~JK Joe Lubin, Ethereum’s cofounder, was on Bloomberg talking about the future of transaction speeds and other things – the story is in the newsletter. But if you want some hot gossip on Lubin and other Ethereum insiders, check out the Mechanical…

Ether Tumbles Amid ICO Concerns; Shale boom zaps volatility in US nat gas Standard

First Read Cinnober’s new CEO will have to consider the next move Jim Kharouf, JLN The news that Veronica Augustsson was out as CEO of Cinnober Financial Technologies and newcomer Peter Lenardos was in was a shock. Augustsson, who had been CEO the past six years and with the firm since 2002, grew up with the company and reached a pinnacle few women ever reach. She did so with warmth and a friendly smile, but she also had a vision to diversify the company into a variety of sectors beyond its core business of real-time clearing, risk and surveillance systems…

Online Stock Trading Has Serious Security Holes; CTAs Are Losing Money Standard

First Read Tech firms looking to change the technology stack Jim Kharouf, JLN The question for the industry today is whether firms have hit the technology breaking point. In other words, can firms continue to maintain and sustain the technology they’ve built over the past 20-plus years? A new breed of tech firms is emerging to help address this challenge. There are increasing signs that the so-called “technology stack” at various firms is not economically sustainable, nor is it necessarily more efficient. For years, various technology vendors have been expanding their product mixes to handle front, middle and back office…

Big Data: Too Popular for its Own Good? Standard

First Read Hits & Takes By JLN Staff Today is your last chance to save $75 on tickets for A Leg to Stand On’s Rocktoberfest charity events in Chicago and New York! ~SD In Q2, ICOs raised $8.3 billion versus $3.3 billion in Q1. The average return of ICO tokens in Q2 was -55 percent.~SD Brazilian exchange group B3 reported that Q2 average daily volume in its derivatives segment rose 36.7 percent over Q1, and 4.7 percent year-over-year.~JK According to Preqin, there are now 499 members of the “Billion Dollar Club,” which is what it calls those institutional investors who…

Trump administration cuts staff at financial markets watchdog Standard

First Read Hits & Takes By JLN Staff We recently learned of some sad news: Joe Levin, a longtime Cboe vice president, passed away on July 29, 2018 at the age of 71. Before leaving the Cboe in June 2014, he served as the company’s vice president of research and product development. Among his many contributions to the exchange, Levin was instrumental in laying the groundwork for Cboe’s volatility products, including futures and options on the VIX index. Memorial contributions may be made to Progressive Supranuclear Palsy (www.psp.org).~SR CFTC Commissioner Chris Giancarlo played banjo on Mike Marlin’s album “Grand Reveal”…

Mosaic Data touts analytics platform that could cut trading losses Standard

data matrix

First Read Hits & Takes By JLN Staff The opinion piece in the Pekin Daily Times takes aim at the hedge fund and alternative investment space, including research saying that “of the 33 states for which data was available, the average state pension fund returned 5.46 percent over the decade ending in June 2017. A sample index fund of 60 percent stocks and 40 percent bonds returned 6.4 percent on an annualized basis during that time.”~JK Brookings put out a study on global metropolitan areas with the fastest growing economies, and the list of the top 50 as measured by…

Regulators club together to form global ‘fintech sandbox’ Standard

First Read Joe O’Neill, New York Commodity Exchange(s) Executive, Passes Away By John Lothian 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…