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John Lothian Newsletter: Deutsche Börse suggests dual holding company after LSE merger; German stock market sold Market News International; London’s financial district urges fast action on EU trade terms John Lothian Newsletter,Newsletter

First Read Bits & PiecesBy John J. Lothian First things first. Have you signed up your interns yet for our Chicago or New York MarketsWiki Education World of Opportunity series? Today is the day. Go here to sign them up. We have added John Rapa, chief executive officer at Tellefsen and Company, as a speaker for our MarketsWiki Education World of Opportunity New York events. He joins Nasdaq president and COO Adena Friedman, veteran equity strategist and CNBC personality Kenny Polcari, Gary DeWaal, arguably the most entertaining derivatives lawyer on the planet, and an additional half dozen financial luminaries in…

John Lothian Newsletter: Deutsche Börse suggests dual holding company after LSE merger; German stock market sold Market News International; London’s financial district urges fast action on EU trade terms John Lothian Newsletter,Newsletter

First Read Bits & PiecesBy John J. Lothian First things first. Have you signed up your interns yet for our Chicago or New York MarketsWiki Education World of Opportunity series? Today is the day. Go here to sign them up. We have added John Rapa, chief executive officer at Tellefsen and Company, as a speaker for our MarketsWiki Education World of Opportunity New York events. He joins Nasdaq president and COO Adena Friedman, veteran equity strategist and CNBC personality Kenny Polcari, Gary DeWaal, arguably the most entertaining derivatives lawyer on the planet, and an additional half dozen financial luminaries in…

John Lothian Newsletter: British business sectors braced for Brexit impact; Potential rival to LME would be costly; tie-up an option; NY Fed may do ‘enhanced monitoring’ of SWIFT money transfers: Yellen John Lothian Newsletter,Newsletter

First Read Inside Trump’s Most Valuable Tower: Felons, Dictators and Girl ScoutsBy Zeke Faux and Max Abelson – BloombergA hedge-fund manager on the 28th floor who pretended to be dead when investors asked for their money reported to prison in January. A few weeks later, an investment adviser on the 17th floor was accused of running a Ponzi-like scheme. Thirteen floors up, a lawyer pleaded guilty this month to stealing millions of dollars from clients. It was all happening at 40 Wall St., across from the New York Stock Exchange, behind golden capital letters proclaiming that this is THE TRUMP…

John Lothian Newsletter: Nasdaq Debuts Groundbreaking Nasdaq Financial Framework; China Wants to Set Prices for the World’s Commodities; Former SGX CEO joins Kouclo Group John Lothian Newsletter,Newsletter

First Read MarketsWiki Education Is More Than Paying It ForwardJohn Lothian – JLN Pay it forward. Do something nice for someone because some other person did something nice for you. In the case of MarketsWiki Education, you can pass on your passion for the markets and the underlying industry by sending your interns, your newer employees, or your son or daughter to the event series You can help change someone’s life for the better, I promise you. That is the kind of response we have had from some attendees. This response has prompted us to expand the program’s reach even…

John Lothian Newsletter: Nasdaq Debuts Groundbreaking Nasdaq Financial Framework; China Wants to Set Prices for the World’s Commodities; Former SGX CEO joins Kouclo Group John Lothian Newsletter,Newsletter

First Read MarketsWiki Education Is More Than Paying It ForwardJohn Lothian – JLN Pay it forward. Do something nice for someone because some other person did something nice for you. In the case of MarketsWiki Education, you can pass on your passion for the markets and the underlying industry by sending your interns, your newer employees, or your son or daughter to the event series You can help change someone’s life for the better, I promise you. That is the kind of response we have had from some attendees. This response has prompted us to expand the program’s reach even…

John Lothian Newsletter: Jury acquits brokers in Libor trial; CFTC Signs MOU with Two German Authorities; New York Stock Exchange Outlines Priorities to Strengthen Equity Market Structure During Extreme Volatility John Lothian Newsletter,Newsletter

First Read Accused UK trader likely not a factor in ‘flash crash’: paper BY JOHN MCCRANK – Reuters A British trader facing extradition to the United States in a trial next week for allegedly helping trigger the 2010 “flash crash” likely had little, if anything, to do with the event, according to a draft of a new academic research paper. goo.gl/aaC8tK ***** Why should we listen to experts when we have the mob with pitchforks? ++++ Pimco Asks If Swap Rates Could Be the New Risk-Free Benchmark for Bonds Parsing a potential new benchmark. Tracy Alloway, Liz McCormick – Bloomberg…

John Lothian Newsletter: Libor Oversight Chief Was Forced Out; Nasdaq NFX passes key trading milestone; FCM client clearing numbers in steep decline John Lothian Newsletter,Newsletter

First Read WSJ overhauls Money & Investing team Talking Biz News There are a lot of changes underway at the Money & Investing team and I wanted to share them with you. The moves are intended to make our coverage more analytical, impactful, and timely, while giving our staff opportunity to adapt and grow. bit.ly/1NtgfxS ***** Aaron Lucchetti, Telis Demos and Serena Ng are among the reporters given new roles. Lucchetti, a favorite of mine, will become the lead financial technology editor. It tells you the tectonic shifts going on in the financial sector as FinTech becomes the game. I…

John Lothian Newsletter: ITG Ousts CEO Gasser After Probe; China Dethroned as World’s Most Liquid Stock Market After Curbs; Pimco Gets Warning From SEC That Lawsuit Could Be Coming John Lothian Newsletter,Newsletter

First Read Bits & Pieces – Summer Intern Education Version By John J. Lothian Today is the kickoff (American football term) of the Summer Intern Education Series in Chicago, part of our MarketsWiki Education World of Opportunities theme. Perhaps this series was never needed more than today to help give a positive perspective on the financial markets and the opportunities in them considering today’s headlines. Today’s newsletter features a verdict in the Libor scandal and a banker finally going to jail. We have the last trial in the Madoff investigation, ITG ousting their CEO over a dark pool issue and…

John Lothian Newsletter: ICE to boost default funds; U.K. Bans Ex-Rabobank Trader in First Individual Libor Penalty; Would-Be Financial Whiz Is Charged With Stealing From Investors John Lothian Newsletter,Newsletter

First Read Looking Up: RJO’s Gerry Corcoran Bullish On Managed Futures Jim Kharouf – JLN As CEO of one of the largest FCMs in the world, Gerry Corcoran of RJ O’Brien has diversified its services from futures execution and a clearing member firm to a host of other markets and businesses including managed futures. To him, the managed futures space has a lot of room to grow. JLN editor-in-chief Jim Kharouf sat down with Corcoran last week at the FIA Boca Conference to talk a bit about his views of the managed futures space. Q: What do you see in…