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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 .

A Kansas Investment Firm Spurring Change on Wall Street; Academics Clash Over VIX Bragging Rights; In the New Bond Market, Bigger Is Better Standard

First Read Are You Registered? If you haven’t registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see the agenda for the conference. The program is packed with great topics and speakers. We’ll be leading off with a keynote from Craig Pirrong from the University of Houston and a debate over Dodd-Frank between Leslie Sutphen and Gary DeWaal. Other panels cover trading derivatives in the age of populism, trading fixed income, customizable…

Lone Democrat on U.S. Swaps Regulator to Leave Before Term Ends; CFTC Democratic Commissioner Sharon Bowen To Step Down; Brussels in late effort to tighten rules limiting off-exchange trading Standard

First Read Bits & Pieces By John J. Lothian CFTC Commissioner Sharon Bowen has had enough. Or more accurately, she can do the math and her best move is to step aside and let the Washington political process proceed. Congress likes to send up paired nominees for confirmation to the CFTC, but we need two Republicans and one Democrat confirmed to get to the full five-member CFTC. By stepping down, Bowen sets up the ability of Congress to send up a pair of Democrats to go with the pair of Republicans. Hats off to Bowen for her work on the…

Barclays, Ex-CEO Charged Over Qatar Rescue Amid 2008 Crisis; Wall Street Now Fears the Lawyer Who Used to Defend It; Squeezed at home, Japan’s Nomura seeks to push into Wall Street’s home turf Standard

First Read Hitting the Pinnacle By JLN Staff Last night, the CME Group and BarclayHedge hosted the sixth annual Managed Futures Pinnacle Awards. The Pinnacle Achievement Award went to Toby Crabel, chairman and chief investment officer of Crabel Capital Management. Among the several people he thanked for helping him were Jack Sandner, Ray Cahnman and Victor Niederhoffer. The managed futures industry continues to grow, despite the bull market in stocks, which often run counter to non-correlated strategies. Assets under management are at an all-time high of $348 billion, up $8 billion so far this year, according to BarclayHedge. Winners last…

FCA chair Griffith-Jones to depart March 2018; Market Volatility Has Vanished Around the World; The City should not overpay for a euro-clearing deal Standard

First Read For The Trader Among Us: Trading Chicago If you haven’t registered for the Trading Chicago event on June 29 at the Swissotel in the Windy City, now is the time to do it. We’ve got a great lineup of panels and speakers with a strong emphasis on the impact of regulation, technology and key markets on end-users such as CTAs, hedge funds, proprietary trading firms and asset managers. For full conference information, click HERE ++++ Jim Kharouf on Twitter Live Video for FOW-JLN Trading Chicago Event on June 28 Twitter /www.pscp.tv/w/1MnGnavrXjdKO ***** In case you missed the 11…

Stock Exchanges Squabble Over End-of-Day Auctions; Defining moment for investors looms as MSCI rules on China; Wind and solar expected to supply third of global power by 2040 Standard

First Read Jim Kharouf Will be On Twitter Live on @JohnLothian at 11 AM CST Today We will be interviewing Jim Kharouf today on Twitter Live on my twitter handle, @johnlothian, about the FOW-JLN Trading Chicago event held in less than two weeks, on June 28th at Swissotel. We have a great lineup of panels and speakers. If you are from the trading side of our markets – CTAs, hedge funds, prop firms and asset managers are free at attend. For full conference information, click HERE. Attendance is filling up, so register now. I have not used Twitter live much….

Goldman-Backed High-Speed Trading Network Sold for $39.5 Million; The Dutch Have Solutions to Rising Seas. The World Is Watching.; HFT – Not so flashy anymore Standard

First Read Eurex CEO Sees Plenty of Structural Growth Potential JohnLothianNews.com “We also see a lot of structural growth potential… If we look at the equity index complex, there is a clear trend of many asset managers moving to passive investment structures. We see that … on the derivatives side [adding] new liquidity pools to global index families.” Thomas Book, CEO of Eurex Frankfurt AG and Eurex Zurich AG, believes the exchange can take advantage of the opportunities presented by a changing European landscape. Low interest rates for a long time equated to low interest in Eurex’s fixed income offerings…

IBM Launches Watson for Financial Regulation; Trump’s Wall Street game plan needs players; Dutch Speed-Trader Turns to Currencies After Conquering ETFs Standard

First Read Bits & Pieces By John J. Lothian Congratulations to our friends in London for raising £30,000 for the inaugural David Setters cricket tournament on behalf of research into MND. Well done! Welcome back to work for Terry Duffy. We hope you are fully recovered and in good health as you return to work. Longtime market writer Darrell Jobman reached out to me asking for help finding a home for a lifetime collection of market related magazine editions and trading related books. He is downsizing into a condo and wants to find a good home for these prized items….

The Snowballing Power of the VIX, Wall Street’s Fear Index; Wall Street’s self-regulator allows safe havens for tainted brokers; Trump Team Proposes Broad Rethink of Financial Rulebook Standard

First Read Line-up for MarketsWiki Education Series in NY and Chicago By John J. Lothian We have set the line-ups of speakers for the MarketsWiki Education series in New York and Chicago. Here is the list of the speakers and the days they will be presenting. On July 11 at Nasdaq’s Marketsite location we will have Gary Barnett (SEC), Larry Tabb (Tabb Group), Jennifer Nayar (Vela Trading Technologies), Thomas Ascher (formerly ISE), and Morgan Slade (Cloud Quant). On July 11 at the second session at Nasdaq, we have Gregg Doud (Commodity Markets Council), Henry Schwartz (Trade Alert), Joe Gits (Social…

Trump to nominate ex-NYSE Euronext VP Dawn DeBerry Stump to CFTC; The Riddle of the Wall Street Brain Drain; Derivatives Industry Sends Warning to EU on Brexit Clearing Move Standard

CFTC

First Read Bits & Pieces By John J. Lothian This week will see the JLN team back together, though Sarah Rudolph is taking a couple of days off. Jim Kharouf and Mike Forrester returned safely from London after attending IDX. During the week and at the conference, the JLN team shot 24 video interviews covering exchanges, technology and regulation. Those interviews will be rolled out starting this week. I am back from the woods and caves of Kentucky where we had a perfect week of weather while exploring Mammoth Cave and surrounding attractions. I am proud to report my daughter…