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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 .

US financial regulators warn investors on bitcoin risks; Asian buyers spur bitcoin rise Standard

First Read Hits & Takes By JLN Staff A new survey from DTCC shows geopolitical risk as a top 5 concern of 69 percent of those surveyed – an all-time high. Plenty of other fun stats and infographics in there to digest.~SD Deutsche Boerse turned 25 years old. I believe I was once told that the average age of the people who started it was 28. ~JJL Have you seen the Chicago Blockchain Project?~JJL Yesterday’s JLN Options newsletter covered the lack of FX volatility, the potential for bitcoin options and the short vol trade.~SD The NFA staff coordinated the donation…

Bitcoin futures start trading; IEX and LTSE team up; Another Deutsche Boerse leadership change? Standard

First Read Hits & Takes By JLN Staff If you, too, want to help crash the Cboe website, or check out its bitcoin futures prices, you can click HERE.~JJL As of 7:20 AM Chicago time, 2918 contracts of Cboe bitcoin had traded.~JJL Breaking news: A pipe bomb exploded at the Port Authority Bus Terminal near Times Square. One person is reportedly in custody and he apparently was the only one injured.~JK Congratulations to the CME Group, which raised $186,000 for its Movember Foundation campaign, including its $125,000 corporate donation, to shine the spotlight on men’s health in the areas of…

BTC Futures Coming From Team That Rebounded From Epic Snafu; Big banks not willing to support BTC futures Standard

First Read Hits & Takes By JLN Staff The @JohnLothian Twitter account received 65,120 original impressions yesterday, which is a record for the last 28 days. My LinkedIn profile searches are up 48% for the week.~JJL Yesterday I attended an event hosted at the Art Institute of Chicago by RBC Global Asset Management about responsible investments. The speaker and panel discussed ESG investing, which I did not know about. ESG stands for Environment, Societal and Governance. Later in the day I was able to apply what I learned during a meeting of the endowment committee of my church, of which…

Wall Street banks push back on launch of bitcoin futures; Traders Want to Know What Exchanges Earn From Market Data; Blockchain Scores Major Win as Aussie Exchange Plans Shift Standard

First Read Hits & Takes Wedbush’s margin policy for bitcoin trading found its way to my inbox. In order to trade the Cboe bitcoin futures, a trader must have a minimum equity of $10K in their account. For accounts under $1 million in total equity, the margins are two times the exchange minimums. For the CME’s bitcoin futures, the account size is $50K minimum and if less than $5 million, you get double exchange margins. ~JJL STA Chicago’s marketing material for the 92nd Annual Mid-Winter Meeting – held Jan 10 through 12 – is Game of Thrones themed. *tips cap*…

‘We may be stupid’ for waiting on bitcoin futures, NYSE owner says; New York Stock Exchange owner ICE holds back on crypto-futures; CME fee rises vex struggling high-speed trading industry Standard

First Read Hits & Takes Tom Farley is just having too much fun as CEO of NYSE. He is making the most of the NYSE media platform. Yesterday he was hanging out with George Springer of the Houston Astros, the World Series MVP, on the floor of the NYSE with the World Series trophy.~JJL Net Neutrality Update: This all happened around Thanksgiving, but it is worth sharing that Comcast, which had promised not to block, throttle, or discriminate against lawful content, deleted that pledge the same day the FCC announced it would repeal net neutrality. A tweet @loresjoberg posted regarding…

How AI Will Invade Every Corner of Wall Street; Brussels ends Mifid fears with US derivatives trading ruling Standard

First Read Hits & Takes By JLN Staff Mutual Admiration Society member Steve Grob has a blog post titled “Bitcoin futures – the best idea ever?“~JJL Lanre Sarumi, the CEO of Level Trading Field, is chumming the bitcoin waters with a blog post on Coindesk.com titled “Bitcoin Futures: Make Way for a New Kind of Whale.~JJL According to Coindesk’s State of Blockchain Q3 2017 report, the top five best performing cryptocurrencies of the quarter (through 9/30) were Pura (return of 2666 percent), NoLimitCoin (return of 1334 percent), Triggers (return of 856 percent) Rise (return of 771 percent) and AdEx (return…

Bond Investors Are Worried About Bond Market Liquidity; Saudi Arabia signs major markets upgrade with Nasdaq Standard

First Read Hits & Takes By JLN Staff The “Putting on my broker hat about bitcoin” commentary by John Lothian had 1778 views on LinkedIn since it was published Friday. ~JJL The @JohnLothian twitter handle had 46,664 organic impressions on Friday. ~JJL The story by John Lothian, “FANG+ Puts the UMPH Back into the Markets and Exchange Competition” had 16,605 impressions on Twitter so far and is @JohnLothian’s top tweet of the last month. ~JJL CME Group is offering a webinar on “The ABC’s of Spread Trading with Futures” on Tuesday, December 12 from 11:00 a.m. to 12:00 p.m. CT….

CFTC Opens Way to Bitcoin Futures; More Bitcoin; Brexit May Leave Banks on the Hook for Impossible Contracts Standard

First Read Putting on My Broker Hat About Bitcoin By John J. Lothian, JLN Everyone is asking about bitcoin. A journalist called and asked to interview me. A magazine called and asked me to write something. A brokerage firm chief risk manager called to ask me my opinion about bitcoin and bitcoin futures. Two weeks ago, a former employer I have not seen in 10 years called me out in Coindesk.com for my bitcoin qualms. At the dinner table my son Robby opened up about owning not just bitcoin, but bitcoin cash, ether and monero. This is a full-fledged mania….

Nasdaq Plans To Launch Bitcoin Futures; Irish Stock Exchange sold to Euronext; Bitcoin roller coaster Standard

First Read Hits & Takes In a presentation for Risk Management Monitor, John Fennell, OCC’s executive vice president and chief risk officer, discusses how a risk culture audit can help companies identify challenges in corporate behavior and helps them reorient how they think about today’s increasingly complex risk landscape. You can read the article here.~SR Whether you think the crypto space is a bit-con or legitimate, it was disconcerting to see this article on Bitcoin.com yesterday – How to Buy Bitcoin When You’re Underage.~SD Yesterday’s JLN Options newsletter can be found here.~SD Asia Pacific Financial News from John Lothian News…