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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 .

U.S. Banks Make Hay of European Trading Rules Standard

First Read Hits & Takes JLN Staff The winner of the Innovator of the Year Award at FIA Expo 2018 was FreightWaves, the company that is creating the first Trucking Freight Futures contracts to help bring hedging to transportation costs, primarily for agricultural companies. Congratulations to the company and to its founder, Craig Fuller. Interestingly, this is the second year in a row that the winner was an “agtech” company (last year’s winner was Tellus Labs). It’s also the third year in a row that Chuck Mackie has correctly predicted the winner.~SR Speaking of Chuck Mackie, here is his writeup…

US threatens to bar EU banks from exchanges Standard

First Read Hits & Takes JLN Staff FIA Expo, which began Wednesday, is an international conference, with participants coming to Chicago from all over the world, so of course Brexit and reconciliation of EU and US rules were big topics. CFTC Chairman Christopher Giancarlo woke up the crowd when he criticized the EU’s planned EMIR amendments, calling them “unprecedented and wholly unacceptable.” He said he hoped to be able to negotiate changes, but held out the threat – if that doesn’t work – of stopping EU banks from using US exchanges. ~SR The Exchange Leaders panel was lively, with Nasdaq…

SEC Rules NYSE, Nasdaq Didn’t Justify Market Data Fee Increases Standard

legal gavel

First Read Hits & Takes JLN Staff John Lothian News is working on a documentary video series on the history of financial futures. We are looking for people with stories to tell about the development of the early financial futures contracts in Chicago, New York, London, Frankfurt, Tokyo and elsewhere. If you see one of us at the FIA EXPO, feel free to stop us and share your stories. We need your help to tell the history of financial futures as completely, fairly and effectively as possible.~JJL John F. Notorangelo, 52, passed away suddenly recently. He was a former futures…

Saudi Arabia Breaks 45-Year Taboo With Veiled Threat to Use Oil as a Weapon Standard

First Read Hits & Takes JLN Staff Welcome to all our readers and friends who have descended upon Chicago for the FIA’s EXPO. We look forward to saying hello and catching up.~JJL CME Group is holding a press lunch today in Chicago for FIA EXPO. Cboe is holding a press event this evening, and ICE is holding one Wednesday evening. The ICE event is just one of two events all year where their senior leadership is all together to meet the press.~JJL Check out CQG’s landing page for FIA, which features new solutions from the long-time fintech provider.~JJL JLN is…

Saudi Arabia’s Economic Dreams Falter Standard

First Read Hits & Takes JLN Staff Welcome to FIA EXPO Week in Chicago. Over 120 companies are represented in the FIA EXPO hall and people come from all over the world. If you missed our FIA EXPO preview interview with FIA CEO Walt Lukken, you can find it HERE.~JJL John Lothian News will again be present in the Cinnober booth on the EXPO hall. You can find us shooting video there.~JJL If you want to know where the next generation of traders is coming from, please show up for my FIA EXPO session at 3 PM on Wednesday in…

Texas Finance Professor Sifts Data for Signs of Rigged Markets; SEC’s New Strategic Plan Standard

First Read Hits & Takes JLN Staff A total of 37,989,245 options contracts traded yesterday and cleared at the OCC. That makes it the fourth best day by volume in OCC’s history.~JJL Bob Zagotta is now serving cryptocurrency exchange Kraken in a strategic leadership role. He also plays a mean guitar and is the frontman for The Simpletones, which rocked the house last night at the ALTSO Rocktoberfest.~JK Nouriel Roubini testified to the US. Senate Banking Committee yesterday and his testimony was titled “Crypto is the Mother of All Scams and (Now Busted) Bubbles, While Blockchain Is The Most Over-Hyped…

Powder Keg Threatens Corporate Bond Market; New Crypto Consortium Seeks to Alleviate Liquidity Problems Standard

First Read Hits & Takes JLN Staff John J. Conheeney has passed away. See the NFA statement below.~JJL CQG is hosting their 7th annual charity softball game next week before the start of FIA EXPO in Chicago. Players and audience are welcome to show up at the Grant Park Softball Field #1 at 2 p.m. on October 16. Try your hand (no gloves needed) at playing beside the Most Interesting Man in the World, Pat Kenny, against the cricket players from overseas.~JJL Speaking of the Most Interesting Man in the World, he is moderating a panel discussion for EXPO on…

EU urged to tackle Brexit derivatives uncertainty; Adena Friedman comments on the C-suite Standard

First Read Hits & Takes JLN Staff The LaSalle Street Trading Tech Awards, in support of Pathway to Adventure Council of Boy Scouts of America, will be on November 15 in the Chicago Board of Trade Building. Become a sponsor or buy a ticket to attend HERE.~JJL Trader and world class sailor Brian Porter won the Melges 24 fall championship last weekend on Geneva Lake in Wisconsin. Another trader, Thomas Freitag, took fourth place.~JJL Have you paid for your 2018 JLN subscription yet? We can send you an invoice. You can pay with a credit card online, or send us…

BoE warns £41tn of derivatives at risk after Brexit; European banks worry about clearing Standard

First Read Women In Listed Derivatives Tackle Sexual Harassment at Work Sarah Rudolph – John Lothian News Women In Listed Derivatives, aka WILD, held a workshop on “Sexual Harassment at Work in the #MeToo Era” on Thursday at Chicago’s Union League Club. The good news is that it was well attended and very participatory; the audience listened avidly to Jennifer Gilbert, an attorney with the employment discrimination firm Stowell & Friedman, and asked a great many questions and follow up questions. The bad news is that even though the raucous, anything goes atmosphere of the old trading floors is all…