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Finding Money in the Margins; Carney Dials Guidance Way Down as BOE Sees Future Wide Open; Quant Wars Seen Whipping Up Stock Volatility as Election Nears John Lothian Newsletter,Newsletter

First Read In Honor of a Historic Victory JLN Staff The Chicago Cubs victory in the World Series over Cleveland was the beginning of a historic celebration. Since the Cubs nail-biting Game 7 victory came in Cleveland, Chicago Cubs fans have not had the opportunity to celebrate with the newly crowned champs. Today, there will be a huge parade starting at the Friendly Confines and winding its way to Grant Park. The crowd is likely to be mind boggling. City officials have not even released the full route, rather referring people to soak in the scene at three locations: Addison…

John Lothian Newsletter: Four signs another eurozone financial crisis is looming; Battered Bank Stocks Reflect Not Just Jitters, but Mistrust; Chinese Start to Lose Confidence in Their Currency John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Today I hand off editing of this newsletter to the John Lothian News team. You might think that is a big thing, but it isn’t. This team contributes greatly to this newsletter everyday, sculpting it into the quality and informative missive that it is. Every morning Jim Kharouf, Doug Ashburn, Jeff Bergstrom and Sarah Rudolph rise from their bedchambers and contribute to this newsletter (we let Spencer Doar sleep in). That will not change in the next few weeks. My contributions to this newsletter during this time will be curtailed as…

JLN Financials: How David Bowie Changed Wall Street; Heed the fears of the financial markets; Could this be the new model for central banks? Financials,Newsletter

First Impressions Survey Says – Give the readers what they want! John Lothian News Today we are kicking off our 2016 survey campaign. Help us help you by giving us three minutes of your time and sharing your thoughts. You should have already received a special survey request email, but if not, you can take it by clicking below conta.cc/1On6MXh Sweet 16 Honorable Mention – Technology JohnLothianNews.com The John Lothian News Sweet 16 Series featured the 16 best ideas and thoughts about exchanges, regulation, economics and technology. But there are still more great ideas for 2016 that made our honorable…

John Lothian Newsletter: Ten EU countries agree on aspects of a financial-transaction tax; Upstart Picks Regulatory Fight With Toronto Stock Exchange Operator; The mystery of Bitcoin’s creator may have finally been solved John Lothian Newsletter,Newsletter

First Read Bits & Pieces JLN Staff Today is ICAP Charity Day, one of the coolest initiatives in the industry, a day in which the broker group’s global offices donate 100 percent of their commissions to an assortment of charities, and a who’s who list of people work the phones. Over the past 22 years they have raised about $180 million. The tweets are still rolling in under the hashtag ICAPCharityDay, but it looks like the Duke and Duchess of Cambridge and international rugby great Lewis Moody were among those brokering swap deals today. While on Twitter, we saw one…

John Lothian Newsletter: How Congress May Have Saved Goldman Sachs From Itself; Cargill to wind down $7bn hedge fund arm; Forex Scandal Drives Shift to Algo Trading John Lothian Newsletter,Newsletter

First Read MFA Updates Equity Market Structure Recommendations, Urges Regulators to Conduct Regular Data-Driven Volatility Control Reviews Press Release Managed Funds Association (MFA) today updated its equity market structure recommendations with the Securities and Exchange Commission (SEC) and other regulators. MFA’s recommendations would help improve critical market infrastructure, reduce operational risk, improve the overall quality of the U.S. equity markets and strengthen investor confidence through greater disclosure and transparency. jlne.ws/1iFGq9I **JK: MFA rarely turns to the media for anything, but when it does, we notice. ++++ Managed Funds Association Announces 2015-2016 Board of Directors Press Release Managed Funds Association (MFA)…

John Lothian Newsletter: Beijing’s battle with bears moves into futures; Treasury trading swept up in rapid change; Nasdaq Ditches Plan to Tinker With Its Closing Auction in U.S John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian The New York events in our Summer Intern Education series were a success and well received by interns and other attendees. We had over 100 people attend the two events, had terrific presentations and gave out a bunch of swag, including three Series 3 training kits from The IFM. Thank you to our line up of speakers for their participation; Stacey Cunningham, Peter Borish, James Woods, David Krein, Boris Ilevsky, Chris White, James Gellert, Chris Ferreri, Haim Bodek and John Edge Thank you to the NYSE and ICE for hosting the…

John Lothian Newsletter: HKEx eyes extension of China link to trade futures; Virtu hopes time can heal HFT furore; Oil Bust Threatens CMBS in Wall Street Funded Shale Towns John Lothian Newsletter,Newsletter

First Read Fintech Exchange 2015: A Chicago Story JohnLothianNews.com Fintech is more than just a buzzword. Fintech is a movement – a global, top to bottom overhaul of financial systems, from consumer transactions at the grocery store to speed of light derivatives trades, to multi-billion dollar interbank payments. And on April 23, 2015, the center of fintech will be Chicago. Barchart OnDemand, in association with FinTEX Chicago, will host Fintech Exchange 2015, a half day event featuring live presentations, a panel discussion and networking, all centered on the state of technology for financial markets and trading firms. Watch the video…

John Lothian Newsletter: Markets play chicken with Fed over rates; BoE warns of ‘more intrusive’ regulation; Euronext brushes off concerns about EU wheat futures competition John Lothian Newsletter,Newsletter

First Read New Rules: NFA’s Dan Roth on Confirmations, Residual Interest and the Corzine Rule JohnLothianNews.com After the twin scandals of MF Global and Peregrine Financial rocked the futures industry in 2011 and 2012, the National Futures Association, underwent a review, not only of its internal procedures, but also of its rules. In Part Two of this two-part John Lothian News exclusive, NFA CEO Dan Roth summarizes the changes made to the agency’s rules to restore customer confidence. Watch the video » ++++ BATS Global Markets Names Chris Concannon CEO, Joe Ratterman becomes Chairman BATS BATS Global Markets (BATS), a…

John Lothian Newsletter: Australian exchange launches technology overhaul; CFTC Reviews Retail Forex-Trading Rules Following FXCM Debacle; Global Oil Layoffs Exceed 100,000 John Lothian Newsletter,Newsletter

First Read Bubble Talk: Jose Scheinkman and the CME Group-MSRI Innovation Award Seminar JohnLothianNews.com On Monday morning, February 9, 2015, the CME Group-MSRI Prize in Innovative Quantitative Applications was awarded to Jose Scheinkman, economics professor at Columbia and Princeton Universities and one of the world’s leading experts on financial modeling. Since much of his recent work is centered on friction in the financial markets, Monday’s award ceremony was preceded by a seminar titled “Bubbles in the Markets: Why Do They Form, When Do They Burst?” At the conclusion of the ceremony, Prof. Scheinkman sat down with John Lothian News editor-at-large…