Breaking News

Tag Archives: Bernie Madoff

John Lothian Newsletter: Deutsche Boerse to Seek Destiny Outside Europe If LSE Bid Fails; Deutsche Bank eyed in Treasury rigging probe; The Most Powerful Man in Banking John Lothian Newsletter,Newsletter

First Read Conflicts of Interest AboundBy John J. Lothian, JLN Several years back, maybe 10 years now, I wrote a column about all the conflicts of interest that I could think of that related to my newsletter. Today, with a more complex operation the conflicts abound, so let me add a few to the list. My son Tim will be interning at Eurex this summer in Frankfurt in their sustainability group. Tim is entering his senior year at University of Missouri, where he is studying geography. He has also taken two years of German, and this will give him an…

John Lothian Newsletter: Hedge Funds Faced Choppy Waters in 2015, but Chiefs Cashed In; The Recession’s Economic Trauma Has Left Enduring Scars; Wall Street layoffs surged by 275% in April John Lothian Newsletter,Newsletter

First Read Make A Plan: How OCC Is Forging Change In The Options Industry JohnLothianNews.com Craig Donohue joined OCC in 2014 to help address some major issues for the clearing house and to position the organization for the new derivatives clearing landscape. He sat down with John Lothian News to discuss the current state of the options industry, regulation and where the organization is heading next. One of Donohue’s first issues to address was the OCC’s capital plan to raise the organization’s shareholder equity to $247 million, from $25 million. That plan, which strengthens OCC’s capital base as one of…

John Lothian: Regulators Propose Rules to Shed Light on Dark Pools; ICAP’s EBS BrokerTec and SGX sign collaboration agreement; CME Group Expands Base Metals Offering John Lothian Newsletter,Newsletter

First Read Wedbush Futures Management Shake-up Doug Ashburn – JLN In a not-so-widely-distributed press release (press non-release?), Wedbush Securities announced a few changes to its Chicago-based FCM, one year after its purchase from KCG Holdings. Of note: Carl Gilmore, who co-headed the division and has been with the FCM through several iterations dating back to its Penson GHCO days, when he served as general counsel, is leaving to start his own consulting firm. Joe Signorelli, head of Wedbush’s Lime Brokerage division, will become the new head of futures. Former ABN AMRO Clearing Chicago executive Thomas P. Anderson, who joined Wedbush…

John Lothian Newsletter: Why the S.E.C. Could Use Commissioners With Wall Street Experience; Top US fund managers attack regulators; Thousands more Madoff victims may get payouts John Lothian Newsletter,Newsletter

First Read FinTech Chicago Gets Democratic JohnLothianNews.com Today’s financial technology dialog is often about a word you don’t usually associate with it – democracy – bringing software, data, reporting, testing and trading to the masses. And it’s not just one size for everyone – its customizable too. At the FinTech Exchange 2015 Chicago event, 13 firm executives spoke during its lightning round. So John Lothian News took the best of two hours of presentations and condensed into 3 minutes. Here’s how some of those firms are democratizing and customizing technology for all of us. Watch the video » ++++ Mikhael…

John Lothian Newsletter: Lehman’s Fuld Says It Wasn’t His Fault; Finance must blow the whistle on foul play; LME nears deal with market makers for steel futures, hurdles remain John Lothian Newsletter,Newsletter

First Read Bigger Picture: BATS Execs Willing To Collaborate To Expand Options Business Sarah Rudolph – John Lothian News BATS Global Markets has a hand in both equities and options, and its options market, though relatively new, is holding its own among the growing list of options exchanges. John Lothian News’ Sarah Rudolph caught up with Kapil Rathi, the exchange’s vice president of options business strategy, and Bryan Harkins, its executive vice president and head of U.S. markets, at the Options Industry Conference in Miami Beach earlier this month and spoke to them about BATS’ plans for a new exchange,…

John Lothian Newsletter: High-Speed Firm Virtu Revives IPO Plans; U.K. Launches Investment Banking Competition Investigation; Deutsche Börse profit up nearly 80% John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian If you missed Jim Kharouf‘s tribute to the late Ivers Riley in yesterday’s newsletter, please go back and read it. Jim did an exceptional job of capturing the man and all he did for our markets. I was privileged to have met Ivers when he was ISE chairman, but Jim’s roots with Ivers went further back and he was the perfect journalist to write his story. Longtime Chicago Tribune reporter, editor and editorial board member Greg Burns is moving to Allstate Insurance to take over responsibility for their financial communications. Read…

John Lothian Newsletter: JPMorgan settles forex manipulation lawsuit; Ponzi Victims Seek to Query Madoff Before It’s Too Late; Swap Markets Debate Anonymous Trading in SEFs John Lothian Newsletter,Newsletter

First Read Bits & Pieces by John J. Lothian Every year the CBOE holds a press lunch in Chicago in January. It is normally a very nice affair with a good turnout of Chicago-based industry journalists. It was after last year’s press lunch that I wrote a column titled “The CME Should Buy the CBOE Soon.” On January 24, 2014 the price of the CBOE stock was about $50. It closed that day at $50.03. The lowest it has traded since that day is $46.73. Yesterday the shares in CBOE Holdings, Inc. hit $65.00. That is up 30% in about…

Five Minutes with Dan Stern Interview,Options

Dan Stern

Daniel B. Stern is managing member of Stern Investment Advisors, LLC in Chicago, which he started in August of 2004. He has been in the trading and financial services industry for 35 years, beginning as a soybean trading at the Chicago Board of Trade, where he is still an active member. In 1988 he became a member of the Chicago Board Options Exchange (CBOE), where he was a market maker in the S&P 100 index. (He does not trade futures and options for Stern Advisors, however.) Stern is also licensed to sell life and health insurance as well as variable…