Breaking News

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 .

ISDA eyes contingency plan as Libor demise looms; Lira meltdown Standard

First Read Notes from Consensus – Day 3 and Recap Chuck Mackie – John Lothian News Consensus ended with a short, half-day of sessions on Wednesday, but the energy and number of participants was not diminished in the slightest. In fact, you might have thought that they were giving jobs away for free by the number of bright, young (and some old) faces that bustled at the afternoon job fair. Unlike a run-of-the-mill industry conference, where attendees linger more as a sign of duty, those at Consensus were energetic and boldly inquisitive. If only one in a hundred does well,…

Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud Standard

fraud

First Read Hits & Takes JLN Staff In case you missed it in yesterday’s JLN, Wired’s piece featured the quote of the day from venture partner Jimmy Song, the blockchain skeptic. “You’re a hammer-thrower just looking for nails.”~JK There appears to be something important going on in London this weekend involving a train, a veil and lots of funny hats.~JJL The Pope says credit default swaps are unethical. Let this be the beginning of a discussion, not a jump to conclusions about CDS or what “ethics” mean in the business world versus the church world.~JJL Also, you can read the…

SEC Tries to Scam ICO Investors to Show Them How Easy It Is Standard

fraud scam alert

First Read Hits & Takes JLN Staff CME Group is launching Eurodollar Term Mid-Curve Options on June 11, 2018.~JJL The electric car market is for real. The London Metal Exchange announced it will launch contracts on lithium, cobalt, nickel, graphite and manganese, all battery-related components. The IEA forecasted 9 million to 20 million electric vehicles by 2020 and 40 million to 70 million by 2025.~JK Martin Jetter, Barbara Lambert and Joachim Nagel joined the Supervisory Board of Deutsche Börse in an expansion of the number on the board from 12 to 16. These new members were elected for three outgoing…

Why Germans Are Getting Fed Up with America Standard

United States Germany flag

First Read Notes from Consensus 2018 – Day 2 Chuck Mackie – John Lothian News As expected, Day 2 of Coindesk‘s Consensus conference lacked some of the energy and fireworks of the first day but it did manage to defy what seems to be a law of nature: fewer people in attendance at the second day of an industry event when compared to the first. In this case, Coindesk announced that total registration ticked up to over 8,500 and it was definitely harder to fight the lines for lunch on the second day compared to the first. Somehow I survived….

CFTC Official Urges SEC to Clarify Ether’s Status Standard

ethereum

First Read Notes from Day One at Consensus Chuck Mackie – JLN If you had any doubts about the swelling surge of interest in cryptoassets, you only had to try and check in to Coindesk’s Consensus conference in midtown Manhattan around mid-morning on Monday. The line snaked its way back and forth through the 2nd floor lobby, down the escalator and out of the front door of the hotel, and it took up to two-and-a-half hours for the reported 7,700 attendees to check in for the event. Consensus began four years ago with 500 true believers in attendance, grew to…

Michael Bloomberg Slams ‘Epidemic’ Of Political Lies As Danger To Democracy Standard

truth lies

First Read Ibbo’s Kilt Challenge By Mark Ibbotson I am wearing a kilt to the IDX 2018 Gala for Futures for Kids because I believe in this charity’s mission! Each year, FIA hosts the IDX Gala in aid of Futures for Kids, an organization that raises funds on behalf of the futures and options industry for charities that strive to provide better lives and futures for children internationally. Over the last nine years, the IDX Gala has raised more than £1.4 million for Futures for Kids, including through the Kilt Challenge. Since 2010, various giants from the futures industry (to…

Barclays CEO Hit With $850k Fine; Former JPMorgan trader charged FX fixing Standard

First Read Chicago Venture Capital Firms Are Funding Fintech Sarah Rudolph, JLN Chicago may not be doing as well as some other cities in certain areas, but it is leading the charge in technological innovation in the financial world and in the crypto world. Several Chicago-based venture capital companies took part in a panel on financial innovation moderated by Chuck Mackie, consultant at Maven Wave Partners and contributing editor to John Lothian News, at The Trading Show Chicago on Thursday. DRW works with companies on development in the later stages. Its Digital Asset Holdings venture, headed by Blythe Masters, is…

CME About to Win 14 year old Eurex Suit; SEC’s Retail Protection Plan Short on Details Standard

First Read Hits & Takes JLN Staff CFTC Commissioner Brian Quintenz will give an introductory keynote Address at Consensus 2018 on May 14 in New York.~JJL The uber efficient Jessica Darmoni interviewed Wedbush’s Bob Fitzsimmons for exactly three minutes for the Hehmeyer blog.~JJL OCC offers the FidelityStudent Debt Contribution Program to their employees to aid in efforts to attract and retain the best talent.~JJL CME Group had 3116 bitcoin futures contracts trade yesterday. Cboe saw bitcoin volume of 7,062 contracts yesterday.~JJL The list of firms offering bitcoin trading on the Cboe includes Advantage Futures, ED&F Man Capital Markets, E*Trade, Interactive…

Tech finally disrupting bond markets; Eurex tapped for Dutch IRS swaps clearing Standard

First Read Hits & Takes JLN Staff On this day in 1973 the Black-Scholes options pricing formula was published – trivia courtesy of John Nelson, president and founder of The Applied Research Company.~SD Also on this day, Buffalo Bill’s Wild West show opened in 1887, which is not related to options but maybe volatility.~JJL Elizabeth Lan Davis, a former chief trial attorney at the Commodity Futures Trading Commission (CFTC), and Brian Walsh, both of the law firm of Murphy & McGonigle, wrote a commentary for JLN titled “CFTC Division of Enforcement Trends.”~JJL CME Group WTI Futures hit record open interest…