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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 .

Donald Trump has shaken my faith that markets will remain free Standard

financial-markets

First Read Hits & Takes JLN Staff The Eurex US lawsuit against the CBOT/CME Group is still an open question, according to sources at IDX. I thought it was a done deal and the CME won, but that may have been a little premature as we await a final written ruling.~JJL Among the many interesting pitches from the innovators’ session at IDX was Ascent Technologies’ CEO Brian Clark, who said its reg tech platform was able to update a new ruleset change by the FCA in 2.5 minutes, a process the regulator said takes them 18 hours.~JK Brian Lynch, CEO…

SEC Names Valerie A. Szczepanik Senior Advisor for Digital Assets and Innovation Standard

First Read Hits & Takes JLN Staff Mark Ibbotson is up to 53% of his goal of £14,000 for the kilt challenge. You are doing good, keep it up.~JJL Yesterday, Trading Technologies welcomed 10 summer interns from @Illinois_Alma @CarnegieMellon @tayloru @UMich @NorthwesternU @UofA and @miamiuniversity who will be working across eight teams in their Chicago office. Sign them up for MarketsWiki Education World of Opportunity today. ~JJL Fifty years ago, Robert Kennedy was killed in California. He was someone I came to greatly respect for the way he continued to learn and grow during his lifetime. He is one of…

G-7 Members Condemn U.S. Trade Actions Standard

G7

First Read Hits & Takes JLN Staff The boys are back in town, or in the City at least, I should say. The JLN team arrived safely in London via 3 different airlines on Sunday. We are here for IDX this week and staying a 15 minute walk away from The Brewery, where the conference is to be held.~JJL Mark Ibbotson, non-executive chairman at GH Financial, is up to 51% of his goal of £14,000 in the kilt challenge for Futures for Kids. So far he has raised £7,279.49. Please help him make his goal.~JJL Here’s a different wrinkle in…

Investors in Their Pajamas on Other Side of the Trade in China Standard

pajamas

First Read Can tZero and BOX Digital Markets change the face of capital markets? Jim Kharouf – John Lothian News It would not be an understatement to say that Patrick Byrne thinks big – really big – like a quadrillion dollar market. The Overstock founder and CEO has been building the firm’s tZero subsidiary, a distributed ledger platform, since 2016 in an attempt to disrupt today’s capital market structure. Last week’s announced deal with BOX Digital Markets, a sister company to BOX Options Exchange, to create a Securities and Exchange Commission regulated market that lists and trades security tokens may…

The Largest U.S. Cannabis Company Finds a Home on a Canadian Exchange Standard

canada cannabis

First Read Q&A With Don Ross: Can Equity Markets Benefit From Auctions? Ross Looks To Disrupt The Markets With On-Demand Auctions For Stocks, Just Like The Good Ole Days Jim Kharouf – JLN CODA Markets has been pounding a steady beat for on-demand auctions since launching CODA Block, a 30-second block auction program in 2017. With a new study from ViableMkts of the auction system, data shows CODA Block generally did not create adverse market moves when initiating an auction. CODA Markets CEO Don Ross spoke with JLN’s Jim Kharouf about the study and his view on auctions throughout the…

Swarm of bidders drove up price for Chicago Stock Exchange Standard

bidding

First Read Hits & Takes JLN Staff Defense Attorney Renato Mariotti has introduced a motion to dismiss the indictment of Jitesh Thakkar with prejudice, or in the alternative, for an in camera review of the grand jury transcript and to strike prejudicial language from the indictment.~JJL For the NEXGivingDay, the NEX employees in Israel have opted to support the Atid Yohana Jabotinsky Youth Village, which helps promote high-tech projects and courses to children that come from underprivileged backgrounds, and prepares them for the 21st century.~JJL Mark Ibbotson has raised 45 percent of his goal for the kilt challenge, or £6,398.38…

Singapore, India exchanges ‘abandoning trade link talks’ Standard

abandon

First Read Fighting for Futures – help build a world without childhood brain tumors May is Brain Tumor Awareness Month and the Futures Industry is teaming up to fight for one of their own and children with brain tumors. https://team.curethekids.org/fightingforfutures2018 Meet Beckett. Beckett is the son of Matthew and Millie Ryba. Becket is like most 7 year-olds except he has been battling a brain tumor since 2011. Millie works for the CME Group and Matthew used to work in banking until he left to stay at home full time to care for Beckett. Beckett is one of 28,000 children in…

Banks can expect a streamlined Volcker rule; Turkish lira plunge; Deutsche Bank error Standard

First Read Hits & Takes JLN Staff In every edition of JLN, there are instructions at the bottom of the newsletter on how to update your settings or unsubscribe. You are always welcome to hit reply on your email client and send us feedback.~JJL The fifth video in the Options Industry Leader Series, sponsored by OCC and OIC, is now posted. You can watch MIAX’s Shelly Brown below. MIAX is the next exchange to host the Options Industry Conference. In case you missed the series, the other four videos are with Nasdaq’s Kevin Kennedy, BOX’s Ed Boyle (we spoke before…

U.S. Launches Probe into Bitcoin Price Manipulation; Fed to consider Volcker Rule modification Standard

First Read Hits & Takes JLN Staff Word has it that Kraken is about to open an office in Chicago, following a move by Coinbase aimed at attracting institutional customers to their exchanges.~JK The tZERO and BOX Digital Markets deal announced Tuesday could completely disrupt the venture capital and capital raising space, Patrick Byrne, CEO of Overstock.com, the parent of tZERO, told me. More to come on that next week.~JK ALTSO’s Rocktoberfest London event is right around the corner – June 6.~SD A quick note on the Italian bond futures story yesterday, Italy Rout Wipes Five Billion Euros From Bond…