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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 .

Libor to End in 2021 as FCA Says Bank Benchmark Is Untenable; Digital-Coin Companies Shrug Off SEC Scrutiny; Commodities giant Noble Group shrinks down as it warns of $1.8bn loss Standard

First Read Hits & Takes Yesterday’s most viewed pages on MarketsWiki included Diane Swonk, LedgerX and FIA Futures Hall of Fame. Among other interesting viewing stats, Sernova Financial, the cloud-based post-trade clearing utility, has been viewed 465 times since we created a page on the firm on July 11. Not bad. ~JK Just in case you missed our second most read piece yesterday, here is the JLN story: Are we seeing the end of Wall Street and the beginning of a new one? ~JK Did you know that the CFTC’s Commitments of Traders report traces its roots to 1924? Or…

SEC Issues Investigative Report Concluding DAO Tokens, a Digital Asset, Were Securities; LCH and Eurex clash over post-Brexit clearing costs; Digital Wall Street’s New Home Standard

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First Read Are we seeing the end of Wall Street and the beginning of a new one? Jim Kharouf, JLN Silicon Valley icon, investor and entrepreneur Vinod Khosla told an audience last week at the Commonwealth Club of California that technological disruption is coming to most of the top industries in the United States. And while he didn’t mention Wall Street, he could have. “Citibank won’t solve financial inclusion, Square will if anybody does it,” he said. “Volkswagen and GM won’t solve transportation. Whether it’s Waymo or somebody else who does it, it will be a technology driven, non-institutional, ‘let’s…

LedgerX gets U.S. approval for derivatives on digital currencies; Wall Street’s Grip on Bond Trading Means a 1% Gain Takes 3 Years; Deutsche Bank Weighs Moving $350 Billion From U.K. to Frankfurt Standard

First Read Hits & Takes We’ve heard the education, education, education mantra for many years now. Today’s JLN brings you some of the firms living up to that refrain – Magnetar, Divento, John Lothian News and Boy Scouts. How we teach the next generation of youngsters will define our industry in the coming years. ~JK One of the many cool things about JLN’s MarketsWiki Education World of Opportunity summer education series is you never know exactly what any given person is going to talk about. Sometimes, the talks are so widely relevant and informative, it doesn’t matter if the audience…

Commodities Are Good for Traders, Bad for Investors; Trading Technologies appeals another Patent Board decision involving Interactive Brokers, TradeStation, IBFX; MarketAxess chooses Amsterdam as EU base after Brexit Standard

First Read Hits & Takes We concluded our MarketsWiki Education series for the summer last week at Trading Technologies on Friday. Between three sessions in New York and four in Chicago over the previous two weeks, we had more than 500 attendees and 42 speakers from the industry. We will be posting videos of those presentations in the coming days. A thanks to all our sponsors for helping us make it happen – CME Group, CBOE, Nasdaq, IFM, Trading Technologies, IIT, Barchart, OCC, Thomson Reuters. ~JK Did you know “central counterparty clearing was invented in 1872 by the Minneapolis Grain…

Britain Hasn’t Been This Politically Risky in 40 Years; Machines Poised to Take Over 30% of Work at Banks, McKinsey Says; Insider trading probe into Deutsche Boerse CEO still open: prosecutor Standard

First Read Hits and Takes By JLN Staff + Special Guest, Ray McKenzie Six years ago, we had the idea to bring A Leg To Stand On‘s Rocktoberfest to Chicago and the results have been astounding. We have now hosted five Rocktoberfests and, in the process, raised over $400,000 for A Leg To Stand On. We couldn’t be happier with how things have turned out. For those who don’t know, Rocktoberfest began in New York City 14 years ago as a group of music-loving members of the financial community came together to make music and raise funds for ALTSO, a…

The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five; Wall Street Efforts to Improve Its Image Fail to Sway Americans; US tech sector surges past its dotcom era peak Standard

First Read Hits & Takes JLN Staff MarketsWiki Education’s World of Opportunity series had another successful run yesterday over the course of two sessions at IIT’s Stuart School of Business. Here are a few Did You Know’s from the first session. Bryan Durkin, president of CME Group, asked the audience if they’d seen the movie “Trading Places.” A surprisingly small percentage of the audience raised their hands. Clearly, the industry needs to do more to promote that movie for the next generation. He also relayed a story about his first day as a “black jacket” at the CBOT. He cried…

Ethereum Co-Founder Says Crypto Coin Market Is a Time-Bomb; Prosecutor offers to drop Deutsche Börse CEO insider trading probe; Singapore traders regain appetite for lunch Standard

First Read Hits and Takes By JLN Staff Today is day two of the Chicago version of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have the largest audience scheduled today for two sessions, one at 1 PM and another at 3 PM. We still have room for last minute additions as well. Our speakers include Richard Sandor, Bryan Durkin, Terry Savage, Joe Guinan, Amy Shelly and Jennifer Wilson at the first session. At session two we have Mehmet Yanilmaz, Julie Armstrong Menacho, Keith Petersen, Patrick Kenny, David Kelbaugh and Jay Feuerstein We…

Frankfurt Is the Big Winner in Battle for Brexit Bankers; Robotic Hogwash! Artificial Intelligence Will Not Take Over Wall Street; Wall Street Profits by Putting Investors in the Slow Lane Standard

First Read Hits & Takes By JLN Staff Yesterday was a success for the MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech in Chicago. We had six strong speakers who were appreciated by the audience of industry interns. Rick Cooper, a professor at IIT’s Stuart School of Business, talked about the importance of the markets for funding companies and ensuring fair prices, and how participants help the economy in general by driving out market inefficiencies. Tom Sexton, NFA CEO, said that without regulation from bodies such as his (and FINRA, and the CFTC, etc.)…

Nasdaq Urges Central Clearing of Treasury Trading; LME hopes gold futures contract will be blueprint for reform; What Milton Friedman Got Right, and Wrong, 50 Years Ago Standard

First Read Hits & Takes By John J. Lothian It is a busy week for education in the Chicago financial markets, from WOO to TT300 to NIBA. Today we open session number one of the Chicago edition of MarketsWiki Education World of Opportunity at the Stuart School of Business at Illinois Tech. We have a great lineup of speakers and a good showing of industry interns and newer employees signed up. We still have room for more, so there is a chance to still sign up yet today. The session will lead off with Stuart School professor Rick Cooper, because…