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The Most Popular Stories of 2016 on JohnLothianNews.com Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,Mwiki,Regulation,Regulation & Enforcement,video

As we end 2016 we should all stop in at Ceres in the Chicago Board of Trade Building for a stiff drink and to shake the hand of Billy Assimos. He was the focus of the most read story on www.johnlothiannews.com in 2016, according to Google Analytics. Sarah Rudolph penned the story, “Billy Assimos, the Face of Ceres” in June of this year. Assimos is the longtime manager of Ceres, a restaurant and bar in the CBOT Building, and a friend of many. I guess it pays to serve the stiffest drinks in Chicago. Coming in second place was Jim…

New Art Just the Latest Amenity in the CBOT Building Blog

Glenstar Properties, the owners of the the Art Deco Board of Trade Building, added some new eye-popping art to its second floor lobby that has turned heads and sparked questions. You can’t miss the collection of colorful prints as you exit the elevator lobby  after leaving our offices on the 16th floor of the CBOT Building. The framed posters featuring iconic 1960s and 70s images and others just jump out at you. A long white wall on the second floor of the CBOT Building has been dressed up with some art prints bought by the CBOT Building manager, and evidently…

Trading Tech 300 is the Opportunity of a Lifetime Blog,Commentary

On November 19, 2015 the LaSalle Street Trading Tech Awards will be given out by the Pathway to Adventure Council of the Boy Scouts of America. These are not awards for the shiniest new technology or product, but rather to honor those firms who have shown great heart, foresight and soul in participating in the Trading Tech 300 merit badge workshop program. It is to honor those firms and those individuals who have given young Scouts the opportunity of a lifetime through this program. More than a year ago, the then Chicago Area Council of the Boy Scouts of America…

John Lothian Summer Intern Education Series Update Blog

Our summer Intern Education Series is ready to start tomorrow and we are nearly sold out.  In fact, we had to move the 7/23 venue because of the demand for spaces on that date. We are sold out for the 7/18, 7/25 and 7/30 events.  The 7/23 event will now also be held at 20 South Wacker, same as the first 2 events. The schedule for the series is thus: Tuesday, 7/16, Thursday 7/18 and and Tuesday 7/23 will be at the CME  Building at 20 South Wacker. Thursday 7/25 and Tuesday 7/30 will be at the CBOT Building at…

CBOT Building Owners Sponsor MarketsWiki Blog

John Lothian News is pleased to announce that the CBOT Building and its new owners, GlenStar Properties and USAA Real Estate Company, have agreed to become a Partner level sponsor of MarketsWiki.   The new ownership team is redeveloping the 1.3 million square foot north and south towers of the CBOT building and leveraging the building’s extraordinary technological infrastructure and redundancies to attract technology firms, trading firms, traditional office firms and data center users. GlenStar and USAA Real Estate plan to preserve the tradition of the iconic Chicago Board of Trade Building while introducing to the market its unmatched infrastructure…

Occupy Part 2 Commentary,Regulation

Jim Kharouf

The words from the guy with the microphone were muffled, but he got the crowd of a couple hundred protesters revved up in the mall area next to the Chicago Board of Trade building on Tuesday afternoon with the chant  “Shame on You.” Among the pictures of Occupy’s “Most Wanted”  was CME chairman Terry Duffy. Who would’ve thought a kid from Chicago who rose through the ranks at CME would become the face for contempt by the 99 percent? A 76-year-old grandmother from Chicago spoke to me during the rally and said she just paid her taxes on Tuesday and…

Guest Commentary: CME Group knows location matters… Commentary

CBOT

Guest Commentary By Jim Ginsburg: Last week in this newsletter, Messrs. Lothian and Kharouf argued the merits of CME Group’s sale of its iconic real estate holdings at the foot of LaSalle Street.  At issue was whether CME should deploy its capital on real estate.  Mr. Lothian says “buy real estate, not sell it.”  Mr. Kharouf retorts: “CME isn’t a real estate company.”  However, if one paid close attention to CME’s earnings presentation two weeks ago, they would have discovered that CME is a real estate company and it owns some “trophy” properties other than 141 West Jackson. A decade…

Global Trade Commentary

Jim Kharouf

In response to John Lothian’s column “A Bad Trade” on Thursday, which argued that the CME Group should not sell the iconic CBOT building in Chicago: It is often said that futures trades are a zero-sum game, where for every winner there is a loser on the other side of a trade. Given the size and diversity of the markets, I always found this theoretically correct, but a bit overly simplistic. So too is the idea that because CME Group has reportedly found a buyer for the CBOT building’s north and south towers for $150 million to $180 million, the CME must…