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John Lothian Newsletter: Hedge Funds Keep Winning Despite Losing; Bank of England’s Carney urges ‘big push’ on bank rules; John Whitehead, Ex-Chairman Who Helped Define Goldman Culture, Dies at 92 John Lothian Newsletter,Newsletter

First Read Making A Call Around the Pits by John J. Lothian It seems like a lifetime ago, when I used to publish daily statistics in this newsletter about the percentage of open outcry trading versus electronic trading at the CBOT and CME. It was a fun daily exercise, especially when the CBOT was taking on the NYMEX/COMEX for the gold and silver contracts. By that time, some 10 years ago, the statistics of electronic trading on the bonds or financial futures as a percentage the total volume were well over 90 percent electronic. So what took so long closing…