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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 .

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…

Sweeping Overhaul of Bank Rules Clears U.S. House Standard

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First Read Hits & Takes JLN Staff A follow up to our top read article yesterday: A story in the Mid Sussex Times on the death of HSBC’s Cian Burke reported that he died after a collision with a tractor near Splayne’s Green in the UK, while riding with his son Tom and a friend.~JK The Executives Club of Chicago event “Bitcoin Boom: Defining Chicago’s role in the Cryptocurrency Market event” on Tuesday featured Sunil Cutinho, president of CME Clearing, who said blockchain will not be the clearing disruptor some believe. He said real time settlement on the blockchain may…

Stacey Cunningham Named NYSE President; CFTC crypto guidance; SONIA on CurveGlobal Standard

First Read Hits & Takes JLN Staff Congratulations to Stacey Cunningham, who will become the NYSE’s first female president on Friday. She spoke at our MarketsWiki Education event in New York in 2015.~JK RCM Alternatives has done an autopsy on LJM, whose Preservation and Growth Mutual Fund, LJMIX, was decimated by the market action on February 6.~JJL The CME Institute is having a U.S. Treasury Futures simulated trading competition starting June 10 at 5 p.m. Central Time. The top three finishers will receive “up to $2,500 in prizes.” You can go here for the rules and to register.~SR CAIA is…

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

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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…