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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 .

Wall Street’s sector shakeup will let more tech stocks shine Standard

First Read Hits & Takes By JLN Staff Register now for Eurex’s Derivatives Forum in Stockholm, which they are co-hosting with Danske Bank and SEB! This year’s conference will focus on key issues that will shape the derivatives industry of the future. Find the complete agenda here.~JJL Register today for the Montreal Exchange’s next webinar and find out how to use TD’s Advanced Dashboard and its options trading tools. For more details and registration click here.~JJL FIA’s Walt Lukken was a guest on the Feehery Theory Podcast talking about “10 years, The great disruption, Sports as metaphor.”~JJL Michael Shore, a…

A Messy Battle Brews in the Options Market Standard

First Read Hits & Takes By JLN Staff Whenever CME Group and Nex Group close their deal, it is expected to boost to CME’s international revenues 35 percent, according to a Q1 report from the exchange.~JK ++++ Tom Scanlan and NEX Group ran a Trading Tech 300 merit badge workshop yesterday in Chicago, featuring the geocaching merit badge. Thank you to Tom and NEX for their great contributions to Boy Scouts. More data on the problem with overfitting: according to a recent study covering 215 alternative beta strategies from 17 investment banks (which included both backtest and live data), only…

CME pulls ahead in race to control bitcoin futures Standard

First Read Custody Battle Brewing Over Crypto Assets, and That’s a Good Thing Jim Kharouf, JLN It was just a few months ago that the cryptocurrency markets were bemoaning the lack of institutional-grade custody services. Without them, no right-minded fund or asset manager was going to get anywhere near this market. And if they did, they had already written their firm’s obituary and put it in a drawer just in case. It reads something like this: “Thank you, dear customer, for investing your hard-earned fiat currency into our kick-ass digital asset fund. Unfortunately, someone in the Seychelles, Pyongyang, Kiev, Tehran…

Wall Street Erases the Line Between Its Jocks and Nerds Standard

First Read Report from the International Blockchain Congress By Chuck Mackie and Sarah Rudolph – JLN The second International Blockchain Congress (IBC) took place on Friday at the Aon Center in Chicago. Topics ranged from crypto trading to smart contracts to the regulations surrounding ICOs. While the Congress was run much more efficiently than the first version, which fell hours behind schedule, this iteration saw much less in the way of attendance and speakers from outside the U.S. That said, a couple of speakers from Asia shed interesting light on cryptocurrency markets that those in the West rarely see or…

NYSE vet Peggy Sullivan joins exec team at Vela; Nvidia’s Crypto Business Dries Up Standard

First Read Hits & Takes JLN Staff SGX reported an open interest record in its USD/CNH futures contract on August 16 of 49,631 contracts, with a notional value of $4.96 billion.~JK The WILD Chicago Event: Sexual Harassment at work in the #MeToo Era, which was originally scheduled to take place August 16, has been rescheduled for October 4, 2018. The event, presented by Women in Listed Derivatives, will be conducted by Jennifer Schoen Gilbert of Stowell & Friedman, Ltd., a law firm dedicated to defending employees’ civil rights including against sexual harassment. The workshop will provide an open ended discussion…

The Man Who Triggered a $10 Billion Commodity Collapse Finally Speaks; Big Ag Firms Face New Threat Standard

First Read Hits & Takes JLN Staff Bailey Kessing of Trillium is the focus of today’s video from our MarketsWiki Education World of Opportunity series in New York. I believe Bailey is the youngest person we have had as a speaker at our MWE programs. Bailey was also the 2018 winner of the women’s longest drive contest at FIA Boca, which is a first for us too.~JJL One of the highlights of The Voice of Blockchain event next week will be a presentation from Brittany Kaiser, the whistleblower who helped expose the abuse of Facebook data by Cambridge Analytica. The…

RJO hires Stephen Brodsky; Economists warn on US corporate giant dominance Standard

First Read Hits & Takes JLN Staff Don’t miss the profile of Stacey Cunningham, the first female president of the New York Stock Exchange, in Time Magazine.~JJL Longtime options industry executive Kevin L. Murphy has written a new book, The Three Rooms, which focuses on helping increase awareness of your own thoughts and emotions. Can’t wait to read it.~JK Joe Lubin, Ethereum’s cofounder, was on Bloomberg talking about the future of transaction speeds and other things – the story is in the newsletter. But if you want some hot gossip on Lubin and other Ethereum insiders, check out the Mechanical…

Ether Tumbles Amid ICO Concerns; Shale boom zaps volatility in US nat gas Standard

First Read Cinnober’s new CEO will have to consider the next move Jim Kharouf, JLN The news that Veronica Augustsson was out as CEO of Cinnober Financial Technologies and newcomer Peter Lenardos was in was a shock. Augustsson, who had been CEO the past six years and with the firm since 2002, grew up with the company and reached a pinnacle few women ever reach. She did so with warmth and a friendly smile, but she also had a vision to diversify the company into a variety of sectors beyond its core business of real-time clearing, risk and surveillance systems…

Online Stock Trading Has Serious Security Holes; CTAs Are Losing Money Standard

First Read Tech firms looking to change the technology stack Jim Kharouf, JLN The question for the industry today is whether firms have hit the technology breaking point. In other words, can firms continue to maintain and sustain the technology they’ve built over the past 20-plus years? A new breed of tech firms is emerging to help address this challenge. There are increasing signs that the so-called “technology stack” at various firms is not economically sustainable, nor is it necessarily more efficient. For years, various technology vendors have been expanding their product mixes to handle front, middle and back office…