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What’s the Biggest Trade on the New York Stock Exchange? The Last One John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff CFTC Chairman Chris Giancarlo opened his speech to the FIA International Conference in Boca Raton by honoring Leo Melamed and his contributions to the industry upon which all market participants benefit. Leo is the giant “upon whose shoulders we all stand,” Giancarlo said, noting Leo had announced his retirement from the CME Group’s board. It was a classy display from the popular CFTC Chairman. Kudos Mr. Chairman!~JJL During the lunch at the FIA Conference, before the presentation by the journalist and author Walter Isaacson, a tribute video was shown honoring Mike Dawley, who…

Ten Years After the Bear Stearns Bailout, Nobody Thinks It Would Happen Again John Lothian Newsletter,Newsletter

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First Read Hits & Takes JLN Staff Stephen Hawking the physicist who reshaped cosmology has died (via Bloomberg) at the age of 76. HERE is the WSJ’s story too.~JJL Boca Bits: The Singapore Exchange (SGX) saw record FX trading in 2017, with notional value in FX futures of $952 billion since their launch in November 2013, as well as record trading in iron ore of 16 million contracts. It was the first exchange in Asia to offer MSCI Emerging Market futures, and in 2018 SGX plans to complete its suite of MSCI index derivatives to offer investors the ability to…

Central Banks Urged to Study Digital Currency Risks and Rewards John Lothian Newsletter,Newsletter

cryptocurrency dollar

First Read Hits & Takes JLN Staff Boca Bits: Today we announced in a Special Report to the readers of this newsletter that John J. Lothian & Company, Inc. has begun work on a microwiki site named CryptoMarketsWiki.com. Click HERE to see the release.~JJL Jessica Titlebaum Darmoni, founder of The Title Connection and co-founder of WILD, was on Anthony Crudele’s Futures Radio Show recently. Here is the link to LISTEN.~JJL Seismic Foundry closed its second investment on Monday with a regulation technology start-up called Enforcd, which provides a regulatory database for institutions. The platform includes news, analysis and statistics that…

Lloyd Blankfein Prepares to Exit Goldman Sachs as Soon as Year’s End John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Last week the European Commission announced a “Fintech Action Plan” aimed at helping crowdfunding platforms, like initial coin offerings, in the EU.~JK On Friday, the CME officially got out of the credit defaults swaps business, as the CFTC approved the transfer of open interest to ICE Clear Credit.~JK You might not know Madelyn La Salle, but you’ve probably seen her likeness. Artist John Storrs used the then 14-year-old as the model for his six ton aluminum statue of Ceres on top of the Board of Trade building. How’d they meet? Storrs saw her…

Spot Trading Closes; EU Fintech Regulatory Roadmap; EU probes UK derivatives tax treatment John Lothian Newsletter,Newsletter

First Read Renato Mariotti for Illinois Attorney General; A Former Prosecutor and Current JLN Reader Is The Best Choice For Illinois AG John Lothian – JLN Democratic Attorney General candidate Renato Mariotti stopped by the John Lothian News offices in the Chicago Board of Trade Building on Tuesday, March 6 for a sit down video interview. He has been a John Lothian Newsletter reader since 2012, and he used the market and industry knowledge he gained from reading the newsletter to bolster his success as a federal prosecutor. Mariotti is a former prosecutor in the US Attorney’s office in Illinois…

Renato Mariotti for Illinois Attorney General: A Former Prosecutor and Current JLN Reader Americas,Blog,Commentary,Mwiki,Politics,Regions

A Former Prosecutor and Current JLN Reader Is The Best Choice For Illinois AG Democratic Attorney General candidate  Renato Mariotti stopped by the John Lothian News offices in the Chicago Board of Trade Building on Tuesday, March 6 for a sit down video interview. He has been a John Lothian Newsletter reader since 2012, and he used the market and industry knowledge he gained from reading the newsletter to bolster his success as a federal prosecutor. Mariotti is a former prosecutor in the US Attorney’s office in Illinois who is seeking election to a public office for the first time and…

HKEx May Have Reached Its Peak; Crypto Could Be Lifeline for CHX; Hundreds of European stocks barred from dark pools John Lothian Newsletter,Newsletter

First Read Statement on Potentially Unlawful Online Platforms for Trading Digital Assets Divisions of Enforcement and Trading and Markets SEC Online trading platforms have become a popular way investors can buy and sell digital assets, including coins and tokens offered and sold in so-called Initial Coin Offerings (“ICOs”). The platforms often claim to give investors the ability to quickly buy and sell digital assets. A number of these platforms provide a mechanism for trading assets that meet the definition of a “security” under the federal securities laws. If a platform offers trading of digital assets that are securities and operates…

Cohn leaving White House; Dash Financial Technologies buyout; Crypto a commodity – judge John Lothian Newsletter,Newsletter

First Read Bitcoin and Blockchain: A WILD Opportunity Sarah Rudolph – JLN Bitcoin is not at the dizzying high it was back in December, but interest in cryptocurrencies and blockchain is still strong. The world of crypto and distributed ledger technology keeps expanding, with CME and Cboe now trading bitcoin futures, companies getting into initial coin offerings, cryptocurrency meetups forming, and the list of cryptocurrencies getting longer every week. Women In Listed Derivatives (WILD) and Morgan Lewis jointly hosted a panel on the future of blockchain and cryptocurrencies Tuesday evening to a packed house. The main takeaway on cryptocurrency from…

U.S. considering ‘material changes’ to ‘Volcker Rule’; Stock Bulls in Trump Country; Replacing Libor is harder in practice John Lothian Newsletter,Newsletter

First Read The Man Who Molded Chicago’s Merc; Leo Melamed, chairman emeritus of CME Group, helped make his company the world’s largest manager of financial exchanges. Now he’s focusing on the development of Asian markets Jacob Bunge – WSJ In 1939, Leo Melamed learned about the power of financial markets in a bakery in Vilnius, Lithuania. He was 7 years old, trying to use Polish money to buy a loaf of bread. Though Lithuania’s government had deemed the two countries’ currencies equal in value, the baker informed Mr. Melamed that he’d need two Polish zlotys for a loaf that cost…