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Beijing summons top Wall Street bankers for tariff talks; Life lessons from Lehman John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The 85th Annual Market Structure Conference from the Securities Traders Association, titled “Shaping the Future” will be on October 3 to 5 at the JW Marriott in Washington, DC. Charlie Cook, Political Analyst and Editor of The Cook Political Report will be Friday’s featured speaker. FIS is holding a webinar SPOTLIGHT: Margin in 2018” on September 13.~JJL The CTA Expo this week is presenting Leo Melamed with the seventh CTA Expo Lifetime Achievement Award for his contributions to the managed futures industry.~JJL CME Group’s Tim McCourt gave a terrific MarketsWiki Education World of…

Clearing Firms Simulate Lehman-Like Default During Brexit Chaos; Lawmakers urge SEC to stop Chicago Stock Exchange’s China deal; NYSE Revamp Steps Up Threat to Speed-Fighting IEX Exchange John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian We have a couple of changes to our MarketsWiki Education World of Opportunity series in New York due to some last minute scheduling conflicts. Jennifer Nayar will be replaced by Brian Cassin, head of product and strategy for North America for Vela Technologies. Also, Louis Modano will be replacing Michael O’Rourke of Nasdaq. Modano is chief information security officer at Nasdaq. Last, Anna Irrera, a fintech correspondent of Reuters will represent Thomson Reuters at the event on Wednesday. We have closed registration for the Friday event at Trading Technologies next week…

John Lothian Newsletter: Bank swap books suffer as CME-LCH basis explodes; High-frequency trading faces tougher Bank of England scrutiny; Trader Wrestles With Lehman Estate Over Big Bonus John Lothian Newsletter,Newsletter

First Read Bits & Pieces – Literally Jim Kharouf, Sarah Rudolph and Doug Ashburn, JLN In John’s ongoing journey to rebuild himself one part at a time, he is having shoulder surgery today. That makes two knees, two or three vertebrae and now one shoulder. He may actually be on his way to becoming the $6 million man, in terms of medical costs but not performance. All levity aside, this does mark the third time in three years that John will be under the knife. If that weren’t bad enough, last week the Lothian family received the news that John’s…

JLN Options: Dwindling Options: Volume Flat Through February Newsletter,Options

Lead Stories Dwindling Options: Volume Flat Through FebruaryAndy Nybo, TABB GroupOptions trading volume in the first two months of 2013 fell .4%. But the ongoing federal budget debate and the introduction of mini options should prop up volumes in March.http://jlne.ws/YSvXtc Mini Options See ‘Respectable’ StartKaitlyn Kiernan, The Wall Street JournalMini options made their debut Monday, allowing investors to wager on the direction of pricey stocks such as Apple Inc. for about one-tenth of the investment of a standard stock option.http://jlne.ws/Zb4JdX The Cyprus Story: Bad News in a Low-Volatility World Adam Warner, Schaeffer’s Investment ResearchMy first thought when I heard of the…

JLN Options: Warren Buffett and the Mispricing of Long-Term Options Newsletter,Options

Commentary New Restoring Customer Confidence VideoWe’re back with an update on confirmations. This new video explains the NFA and CME Group’s electronic confirmation system for futures brokers. Restoring Customer Confidence More ideas» Confirmations: NFA and CME’s Financial Match.com MarketsWiki.tv The fraud at Peregrine Financial Group was uncovered in July 2012 by the National Futures Association (NFA) which used an electronic bank account confirmation system. (See Confirmations: Plugging Into Electronic Confirmations) In November 2012, the NFA and CME Group announced they would implement an electronic confirmation system for futures brokers. The system, operated by Alphametrics, provides a comprehensive check and match…