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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 .

JPMorgan, BlackRock Warn Contagion Hitting Emerging Markets Standard

First Read X_TRADER Transformed The Industry: Now It’s Time To Do It Again Jim Kharouf – JLN The announcement that Trading Technologies will be shutting down its X_TRADER platform is not a big surprise. But what that platform has done over its 25-year lifespan certainly is. And what the new TT platform may do in the coming months and years may be equally astounding. Taking a look back, there’s not a single ISV trading platform that has had a greater impact on the industry than X_TRADER. Launched in 1994, the technology that included patented breakthroughs like the ubiquitous price ladder…

London’s Tribes of Finance Face Off Standard

First Read Hits & Takes JLN Staff If you are a broker or CTA, or are interested in learning more about those aspects of the markets, come to the NIBA’s September 13 Chicago Conference at the CME Group. Learn more and sign up HERE.~JJL Yesterday, FIA President and CEO Walt Lukken reacted to Chairman Giancarlo’s speech on cross border regulation post Dodd-Frank: “We welcome Chairman Giancarlo’s leadership to reconsider the CFTC cross-border approach, particularly as it relates to access to clearing. We look forward to providing the agency input at the appropriate time.”~JJL Women in Listed Derivatives (WILD) is continuing…

The Trader Who Shattered UBS Now Faces His Own Reckoning Standard

First Read Hits & Takes JLN Staff FinTank now has its own YouTube channel and has posted video from their numerous events.~JJL American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American financial institutions, is looking for interns for the fall, spring and summer. They are looking for motivated undergraduate and graduate students in economics, business, finance and other related fields who wish to spend a semester working in the marketing or research departments of the exchange. The internships are based in Chicago. For further information, please contact Rafael Marques at AFX Internship Program: rmarques@theafex.com.~JJL Good…

Nasdaq admits closing auction blunders; Cboe telling market makers it’s close to ether futures launch Standard

First Read Hits & Takes JLN Staff The World Federation of Exchanges’ monthly publication, Focus, is out. In it are comments from the OCC’s Craig Donohue about its new initiatives, a Q&A with ASX’s Dominic Stevens, an interview with the LME’s Kate Eged and more.~SD B3’s Mini Dollar Futures Contract hit a record volume Thursday with 1,770,971 contracts, topping the previous record of 1,673,987 on June 7, 2018.~JK Renato Mariotti, joined by WGN Radio’s Patti Vasquez, debuted a news podcast called “On Topic” this week. He is also the featured MarketsWiki Education video today. See below. ~SD DRW is looking…

Big banks win dismissal in U.S. of bond rigging lawsuit; Finally, CME honors its investors Standard

First Read Hits & Takes JLN Staff In case you were wondering who CME Group’s Class B board members are: Jeffrey M. Bernacchi, Gedon Hertshten and William W. Hobert were elected in May for one-year terms. CME’s Class B-2 directors are Ronald A. Pankau and David J. Wescott. The Class B3 director is Elizabeth A. Cook. There soon may only be three.~JK In PanXchange’s most recent newsletter, CEO Julie Lerner writes that she is “exploring the appetite to launch a global physical commodity blockchain alliance” with the goal of developing a roadmap for blockchain applications by those who actually know…

Senate Confirms CFTC Nominees, Filling All Seats; US, Canada regulators in 200+ crypto probes Standard

First Read Hits & Takes JLN Staff Congratulations to Dawn DeBerry Stump and Dan M. Berkovitz, who have been confirmed by the U.S. Senate as commissioners at the Commodity Futures Trading Commission.~JJL Musicians wanted. A Leg To Stand On (ALTSO) is expanding its Chicago charity event, Rocktoberfest, and is looking for musicians to perform on its acoustic stage at City Winery on October 11. This year features long-time industry professionals such as Apple’s Ray McKenzie, CME’s Steve Staszak, ADMIS’s Kurt Johnson and many others. If you’d like to play and help raise some money for children in need of prosthetic…

CME Group floats B share buyout plan; SEC urges completion of CAT Standard

First Read Hits & Takes JLN Staff The most recent episode of “The Spread” – JLN’s options news recap – can be found here. ~SD If you are not a fan of “The Spread” and Spencer Doar, you should be. It is fun to see his creative and whacky side come out while sharing the news in the world of options trading. And by the way, we are looking for a firm or firms willing to sponsor this video series.~JJL In Wells Fargo’s most recent quarterly SEC filing, there were 6,250 words dedicated to legal liabilities and “efforts to rebuild…

Are Amazon Effects Reshaping the Economy?; Hedge funds seek data fees review Standard

First Read A Couple of Takes on the Voice of Blockchain Conference By Sarah Rudolph and Chuck Mackie – JLN A few folks from JLN attended the Voice of Blockchain Conference at Navy Pier this past Friday and Saturday. Here are some observations from two of them: Sarah Rudolph: The Voice of Blockchain event at Navy Pier was big – at least, the room where it was held was enormous, with the microphones on each stage just loud enough to drown out the echo from the microphones on the other stages. There was perhaps an overabundance of stages and topics…

Illinois Court refuses to dismiss indictment against software developer in spoofing conspiracy case Standard

legal gavel

First Read Hits & Takes By JLN Staff On Wednesday, Matthew Kelly of the CME Group taught the law merit badge to a group of scouts as part of the Trading Tech 300 program for the 3rd year in a row. Thank you to Matt and his associates who helped, and to the CME Group for hosting this workshop. I greatly appreciate the CME Group’s historical support for Scouting.~JJL Yesterday, our friends at US Bank held a personal finance merit badge clinic as part of Trading Tech 300. Thank you to US Bank for the incredible experience you gave the…