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Tag Archives: Goldman Sachs

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…

JLN Options: Goldman Sachs’ Top 10 Trade Ideas for 2015; Volatility trading and quantitative macro hedge funds outperform in October; China is open for trading Newsletter,Options

Observations & Insight Today’s newsletter features a snapshot of volatility from around the world, starting with China and moving to OPEC, the Eurozone and finally to the U.S.. We also feature volatility among asset classes, including equities, gold, energy and foreign exchange. But first, have a look at a fun 15-minute look at the importance of happiness, in this MarketsWiki Education talk with FIA Europe CEO Simon Puleston-Jones. Then, have a nice weekend.   Simon Puleston Jones, CEO of FIA Europe – In pursuit of Happiness JohnLothianNews.com “Try to find someone who does things right that you really aspire to…

Charlotte Crosswell, CEO, Nasdaq NLX – Startups Aren’t Just Found in Garages Video

“When people are sitting there talking about you and criticizing you or doing something against you, that means they’re taking notice.” Charlotte Crosswell, CEO of Nasdaq NLX, talks about her introduction into the financial industry and how she found herself in her current role. Beginning with a temporary position at Goldman Sachs, Crosswell assisted a salesperson who needed someone who understood French. She later moved on to the London Stock Exchange and has been in the exchange world ever since. Because of her own experiences, Crosswell emphasizes the importance of work experience versus just having a degree. Crosswell also discusses…

John Lothian Newsletter: How did AlphaMetrix go so wrong; Goldman Sachs revenue falls 20% on lower trading; India to Launch Interest Rate Futures John Lothian Newsletter,Newsletter

First Read Steely Eyed: Why Mike Marley of Metalprices.com says there is a future for steel and scrap futures Sarah Rudolph, John Lothian News Mike Marley is market intelligence correspondent for MetalPrices.com. He is the editor of the newsletter Marley’s Heavy Melt, in which he reports on metals prices, focusing in particular on steel scrap. Marley has more than 35 years’ experience in the metals industry and has been reporting ferrous and non-ferrous scrap prices since 1977 – first for Iron Age magazine, followed by the American Metal Market, and most recently World Steel Dynamics. He sat down with JLN’s…

Managed Futures Bloomberged, Part 1 Commentary,Managed Futures

John Lothian

Wow!  That was quite the trashing of managed futures in a Bloomberg story by David Evans on Tuesday.  The Gawker website took the story about managed futures to new depths with this headline: “Here Is Perhaps the Single Biggest Ripoff on Wall Street” If I was selling junk bonds, penny stocks, stock loans, reverse mortgages, or synthetic collateralized debt obligations, I would be feeling pretty good right now.  Those managed futures charlatans are the new bad boys of Wall Street.  Yeehaa! Having been a commodity trading advisor for nearly a decade, I found the article appalling on multiple levels.  On…

Class Action Lawsuit Filed Against LME and Goldman Sachs Alleging Aluminum Manipulation Blog,Metals,Regulation

Aluminum

An aluminum processing company has launched a class-action lawsuit against Goldman Sachs and the London Metal Exchange alleging that they conspired with each other to restrain supplies of aluminum in the LME warehouses and inflated aluminum prices. The complaint accuses the two companies of violating the Sherman Anti-Trust Act by agreeing to operate in “an extremely inefficient manner” and to “provide extremely low quality of service” in the warehousing arena. The class-action suit, brought by Superior Extrusion, Inc. et al., comes shortly after a New York Times article broke the story that Goldman Sachs was profiting – at the expense…

JLN Options: TOM, BinckBank Infringe Euronext Trademark Rights, Court Says Newsletter,Options

Invest in our Industry’s FutureSign up your Interns and Summer Workers Today for our Education Series I want you to make an investment in the future of our industry, our markets and our common good.  I want you to sign up your interns, your summer workers and even newer employees for our Chicago-based Intern Education Series. We have put together an impressive list of industry leaders, innovators, entrepreneurs, attorneys, technologists, investors, traders and other industry participants for this series. Your interns and the like should be part of the audience for this program.  I believe this will be an investment…

John Lothian Newsletter: CME Group Cuts Grain, Soy Futures Trading Hours; Goldman eyes Volcker workaround for buyouts; FSA says it was slow to react over Libor John Lothian Newsletter,Newsletter

CME Group forges forward to the past, as it unwinds most of a controversial extension in grain trading hours. Goldman Sachs appears to have found a way to handily circumvent the Volcker rule for doing buyouts. Over in London, the FSA releases a report on its behavior with regard to the LIBOR scandal, and concludes that it didn’t move particularly fast to identify and stop the trouble… which, in a way, is better than hearing, “Oh sure, we all knew about that for years; we just didn’t think anybody else really cared about it.”

FIA Futures Hall of Famer John F. Gilmore, Jr. Has Passed Away Blog

John F. Gilmore, Jr.

John F. Gilmore Jr. passed away Monday evening after a heroic 20 year battle with cancer.  John was a retired partner of Goldman Sachs, a founding partner of Liquidity Direct, in addition to being Chairman of the Chicago Board of Trade in 1986 and Vice Chairman in 1985.  In 2005, he was inducted into the Futures Industry Association Futures Hall of Fame. John was a 35 year member of the CBOT, a member of the CME, a 7 term director at the CBOT, a 9 time Governor of the CBOT Clear Corporation and a founding member of the Chicago Board…