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Deutsche Boerse ends Asia expansion plans; NYSE, Nasdaq Fighting to Keep Grip on Market Close; Hodgkinson leaving Euronext John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff John Lothian News will be bringing our video team to Boca for the FIA International Conference in March. We will again be shooting our exchange and industry leader video series. If you have some suggestions for topical subjects or persons to interview, email me.~JJL Yesterday we issued a Special Report for the Trading Technologies and GDAX/Coinbase news and Jim Kharouf shot a short video to introduce the story he wrote. I did a short Twitter live piece as an experiment to promote the Special Report. It went fine, except my tie was not…

Clayton and Giancarlo on Crypto; Aramco IPO Implications; May’s Brexit talk John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The Chairman of the Commodity Futures Trading Commission (CFTC), J.Christopher Giancarlo, will be a keynote speaker at Boca 2018! You looking for something to trade? CME is holding a course: Introduction to TOPIX on the Tokyo Stock Price Index (TOPIX) and Yen-denominated TOPIX Futures, which are set to launch on February 5 at CME Group. Gain a basic understanding of how to incorporate TOPIX futures into a trading strategy and how the contracts compare to Nikkei 225 Index futures.~JK JLN will be issuing a Special Report this morning on some embargoed news. Stay…

Man vs. Machine in Battle for a Better Stock Index; Strategy of ADM approach to Bunge; DTCC’s Vision For U.S. Equity Market Structure John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff SGX reported that the Emerging Markets Asia Index jumped 40 percent in 2017, surpassing the 20 percent rise in the MSCI World Index. SGX’s MSCI Taiwan Index rose 14 percent. ~JK Part 2 of CME Group’s five-part Webinar Series “Inside Eurodollar, US Treasury and Fed Fund Futures Markets” takes place this Wednesday, Jan 24. The topic is the practical application of U.S. Treasury futures. You can go here to register.~SR HKEX set a new turnover record in futures and options today, with a day session record of 1,779,740 contracts and whole day total…

No-Deal Brexit Could Cause Finance Chaos; ADM makes takeover approach to Bunge; Louis Dreyfus turns to blockchain John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff In case you missed it, the government shut down. The Senate has a noontime vote scheduled to reopen with three more weeks of funding. If you’re curious which states get hit the hardest by a federal shutdown, checkout the 2018 Government Shutdown Report. ~SD The CFTC’s Technology Advisory Committee Meeting set for Tuesday has been postponed due to the government shutdown. No new date has been determined. This shutdown my plans to attend the meeting in Washington, DC.~JJL Yes, some deals still use fax machines. The FT story today said the use of…

London loses oil futures listings as Mifid bites; Wall Street Is Claiming Tax-Cut Bounty; South Korea plans to ban cryptocurrency trading John Lothian Newsletter,Newsletter

First Read A Grateful Scouter with a Big Silvery Beaver-Like Smile By John Lothian I was informed late last night that I am to be recognized for my contributions to Scouting with a Silver Beaver Award on behalf of Pathway to Adventure Council of the Boy Scouts of America. The Silver Beaver Award recognizes “registered Scouters of exceptional character who have provided distinguished service within a council.” I am honored to be recognized for my work on behalf of the Scouts, but this award is as much about you, the readers of this newsletter, and my creative and persistent use…

Regulator halts European equity trading shake-up; ‘Fiduciary Rule’ Poised for Second Life; Emerging Managers Outperform Established Funds John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff LinkedIn is reporting the 15-year anniversary of John Lothian being at John J. Lothian & Company, Inc. Time flies when you publish a newsletter.~JJL CME Economist Erik Norland is back with more super weird spaghetti graphs, this time contained in his new piece The Yield Curve – Unemployment Feedback Loop.~SD The Security Traders Association of Chicago Mid-Winter Meeting begins today and I will again point out that the marketing material was themed “mid-winter is coming.” While rain is in the forecast, travelers to the City of Windbags should be grateful that it feels…

Blockbuster – CME looks to increase back month activity in ag futures Blog,Commentary,Exchanges, OTC & Clearing,Feature

Twenty years ago, block trading of agricultural commodity futures never would have seen the light of day. There was no way the locals in the pit would have let block trades in corn or wheat or any of the other ag products happen. They would have demanded a piece of the action. Markets sure don’t look like they did two decades ago, though, and on Monday, block trades – large, privately negotiated trades executed off the floor or electronic market but cleared by the exchange – were executed in hogs, Black Sea wheat and urea fertilizer. Tuesday saw some corn…

Quant funds set to pass $1tn mark; Hong Kong Exchange Eyes New Trading Rules; Spread-betting rise threatened by EU rules John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Brazil’s exchange, B3 (formerly BM&FBovespa) announced its main stock market performance index – Ibovespa – hit a record high Friday, ending the day at 79.071 points, up 0.54 percent from the previous Ibovespa record of 78.647 points last Thursday.~JK SGX reported its derivatives volume was 178.4 million, up 18 percent in 2017 from the previous year, with its FTSE China A50 Index futures the most active contract with 64 million contracts, up 13 percent. Here is the full report.~JK With Mark Mobius retired from Franklin Templeton, who in emerging markets will pick up…

Chinese Investor Buys Stake in Delaware Blockchain Exchange; Hong Kong and China regulators sign MOU on futures markets; John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff OCC’s David Prosperi likes to quote his former boss, Ronald Reagan, on Twitter with quotes from the Reagan Foundation Twitter account. Today’s quote is a good one: “The bedrock of our strength is America’s moral and spiritual character. Peace with freedom is the highest aspiration of the American people. We negotiate for peace. We sacrifice for it. We will never surrender for it.” -Ronald Reagan @ronaldreagan40~JJL Trillium has a 2017 trade surveillance enforcement recap out – it can be found in our lead section. This year’s 15 spoofing or layering enforcement actions are…