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Global debt understated by $13 trillion – BIS; Exchanges concerned about CAT hacking risk John Lothian Newsletter,Newsletter

First Read Hits & Takes Leslie Rosenthal, former CBOT Chairman and co-founder of RCG, has passed away. Details are below. Our condolences to the family, friends and associates of this great man on his passing. ~JJL If you would care to share a reflection on Les Rosenthal’s life and contributions to the futures industry, please email me at Reflections on the life of Robert Wilmouth can be found HERE. We still welcome contributions of reflections for Mr. Wilmouth as well.~JJL Over the last three weeks, the September-December E-mini Russell 2000 calendar spread traded 1 million times. Current open interest…