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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 .

Credit Suisse Probe Opens Old Wounds; Trump Wants a Pro-Business SEC. That Has Some Investors Worried; Goldman warns Federal Reserve over commodity trading rules fallout Standard

First Read Bits & Pieces By John J. Lothian William “Bill” Hagerty, Jr., former Chairman of the Chicago Board of Trade and one of the industry’s great gentlemen, has passed away at the age of 87. Bill was the head of what was once the longest tenured member firm of the CBOT, Hagerty Grain, and was a customer of mine when I was a broker. From that relationship I had the opportunity to get to know Bill and came to respect him greatly. When I ran for the NFA Board of Directors back in the early 2000s as an Introducing…

FXCM Inc to Be Renamed ‘Global Brokerage Inc’ Following US Upheaval; Fannie, Freddie shares dive after U.S. appeals court ruling; LSE and D Börse set to offer more concessions to secure merger Standard

First Read Take Our Survey – Again By Jim Kharouf, JLN Editor-in-Chief & CEO Sometimes these things happen. The link we provided yesterday only allowed one person to take the survey. We know there are more than one of you willing and able to take it. Here’s the link. Please take a few minutes to help us out about what you like and what you don’t like about our publications and websites. The questions are supposed to be fun, funny and for us, enlightening. It’s also a great place to leave us comments and suggestions for future content and services….

Robot Traders Jolt Life Into Slow-Speed European Stock Venue; Irishman targets more disruption in ‘trading war’ with Wall Street; Europe Needs a Higher Price on Carbon Standard

First Read Take Our Survey: Yeah, really By Jim Kharouf, JLN Editor-in-Chief & CEO If you’re like me, you’re about to roll your eyes but hang in there. We need your help on our annual survey. If you’re still reading, it’s really import. This 3-minute survey helps us learn a bit more about our readers as well as what you like and what you don’t like about our publications and websites. It’s also a great place to leave us comments and suggestions for future content and services. We’ve tried to sweeten the deal this year by offering a chance to…

Hunting for Dirty Deeds in the $34 Trillion U.S. Futures Market; Clearing houses saddled with ‘too-big-to-fail’ tag; ASX’s blockchain may mean job losses Standard

First Read Odds & Ends Jim Kharouf, JLN A busy day around Chicago yesterday. FIA held its Washington update lunch, where FIA President and CEO Walt Lukken told the audience that the pendulum on regulation is shifting back. He is hopeful that the new administration will adopt its recommendations for: smart regulation, open access to global markets and a focus on innovation from regulators. How this all comes about is still to be determined. We will have more from Walt soon on all three topics. Later in the day, I checked out the new trading platform from TastyTrade at the…

New Reforms Could Make Banks More Vulnerable; Intercontinental Exchange Announces Agreement to Acquire TMX Atrium from TMX Group; Nex Group: a dude elides Standard

First Read Bits & Pieces By John J. Lothian We have added Johan Toll of Nasdaq to our March 1 Stockholm MarketsWiki Education World of Opportunity event. He will speak about blockchain. Unfortunately, Patrick Thornton-Smith of Duco had a conflict come up and will not be able to present. We hope to get PTS in the fall in London. John Damgard has agreed to speak at our July 21 event in Chicago. We are beginning work on lining up speakers for this summer’s series. Chicago is scheduled for July 17, 19 and 21. New York is set for July 11…

Euronext launches trading platform to ward against high-frequency traders; US high-frequency traders set to make call on London; Bank of Tech poses growing threat to traditional institutions Standard

First Read MarketsWiki Education 2017 World of Opportunity Series for Stockholm, Chicago and New York Announced John Lothian News to hold March 1, 2017 Stockholm WOO event on campus of KTH; Chicago events return to Stuart School of Business of Illinois Tech and Trading Technologies and New York to Nasdaq Marketsite; Relaunched MarketsWiki Education website John Lothian News is pleased to announce its dates for this year?s MarketsWiki Education World of Opportunity (“WOO”) series, including a March 1 program in Stockholm on the campus of the Royal Institute of Technology. Events are also planned for New York and Chicago in…

US delays derivatives rules to avoid market disruption; Harvard Endowment Managers Said to Depart to Start Hedge Funds; Did Dodd-Frank really hurt the US economy? Standard

First Read CFTC Commissioner Bowen Outlines Disruptive Derivatives Developments at Brodsky Family Lecture By Sarah Rudolph – JLN The fate of financial regulations, and specifically the Dodd-Frank Act, under the Trump administration is one of the biggest questions facing the industry and investors. CFTC Commissioner Sharon Bowen addressed that question in a speech at the Northwestern University Pritzker School of Law last night as part of the Brodsky Family JD-MBA Lecture Series. Bowen earned her law degree at Northwestern’s Law School and is a strong supporter of the school. In addition to her role at the CFTC, she was also…

UK must wake up to risks of LSE/Deutsche Börse exchange deal; Drop the Volcker rule and keep what works; America’s Biggest Creditors Dump Treasuries in Warning to Trump Standard

First Read Maker or Taker? By John J. Lothian “Maker – Taker” is a market model that rewards market participants for offering liquidity – “making” – and penalizes them for “taking” market liquidity. Many makers are also takers. It is the way of the markets, and the way of the world. Are you a maker, or a taker? It is a good question to ask. While we all do both, it is our outlook that defines whether we are makers or takers. For example, are you a market participant who just goes home at the end of the day, or…

Republican plan would ease Wall Street rules, as party embraces deregulation; How the Flash Crash Trader’s $50 Million Fortune Vanished; LME’s Chamberlain favourite to take wheel of metals juggernaut Standard

First Read CME CEO Duffy isn’t worried about Trump Lynn Marek – Crain’s Chicago Business Terry Duffy’s executive suite at CME Group, a few floors above the Chicago River, is lined with shelves of photos picturing him with politicians from both sides of the aisle. In one, the CME chief exec is flanked by former Republican President George W. Bush and his brother Jeb Bush on a Florida golf course last year. Shots of Democrats, President Barack Obama and presidential nominee Hillary Clinton, have perches too. Noticeably absent: newly elected Republican President Donald Trump. jlne.ws/2lveEPX **JK: Bullish on derivatives. ++++…