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John Lothian Newsletter: JPMorgan Joins MF Global in Lobbying Victories That Backfire; US looks at cutting settle lag on trades; CME Group Eliminated From LME Sale Process John Lothian Newsletter,Newsletter

J.P. Morgan has joined MF Global in a list of lobbying victories that have gone awry. The U.S. is contemplating ways to reduce settlement time for stocks and bonds below the current “three days, or possibly longer” threshold. CME Group gets a home edition of the Stock Exchange Purchase Game, and is shown the door by LME; now the bidding is down to two companies. Two major investors in the London Stock Exchange are selling their holdings, triggering some pondering as to the future of the exchange at the hands of remaining large investors.