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CFTC Charges Monex With $290 Million Precious-Metals Fraud; Stanley Fischer has unexpectedly resigned John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Rostin Behnam has been sworn in as a CFTC Commissioner.~JJL Julie Menacho Armstrong is the featured speaker today from our MarketsWiki Education World of Opportunity series in Chicago from July.~JJL Sept.13, 5:30 p.m. – 8:30 p.m. in Chicago, CFX Markets is hosting – From Financial Advisor to Modern Day Hero – a thought-provoking panel discussion on alternative investing and technology’s evolving role in elevating the financial advisor-client relationship.~JK First, Harvey and energy — now, Irma and OJ. The Florida orange industry employs 45k people and contributes $8.6m to state coffers. Hopefully, the…

Gold Plunges as 1.8 Million Ounces Traded in a New York Minute; Virtu prepares for Mifid shake-up with Instinet equities deal; Ethereum’s Flash Crash Shows Hazards of Trading Cryptocurrencies John Lothian Newsletter,Newsletter

First Read Bits & Pieces By John J. Lothian Today, John J. Lothian & Company and some staff members are offering the Journalism and Communications merit badges as part of the Trading Tech 300 Boy Scout program. Sarah Rudolph, Jeff Bergstrom and I, along with return intern and Eagle Scout Jonathan Lenchard Warren, will be teaching the badges. We have a group of 24 scouts and are using the Glenstar conference rooms on the second floor of the CBOT Building to accommodate the group. It has been ten years since the introduction of the iphone. That new product had a…

CME Group Reached Record Average Daily Volume of 15.6 Million Contracts in 2016; Wall Street Lawyer Jay Clayton Emerges as Top Candidate for SEC Chairman; No One Questioned This Hedge Fund’s Madoff-Like Returns John Lothian Newsletter,Newsletter

First Read CFTC Chairman Timothy Massad Announces Resignation as Chairman CFTC Chairman Timothy G. Massad today said he has tendered to President Obama his resignation as Chairman of the U.S. Commodity Futures Trading Commission, effective on January 20, 2017. Mr. Massad issued the following statement: “For the past two and a half years, I’ve had the privilege of working alongside the very talented CFTC staff, and I thank them for their dedication on behalf of the American people. I also want to express my appreciation to my fellow Commissioners, Sharon Bowen and Chris Giancarlo, for the constructive and collaborative engagement…

JLN Options: Options Price in Another Big Move for Stocks With Jobs Friday Newsletter,Options

Commentary & Insight Jock Percy of Perseus Telecom on Microwave Technology in the Trading WorldMarketsWiki.tv Jock Percy spoke with John Lothian News Editor-at-Large Doug Ashburn about the use of microwave for data transmission – what is driving the demand, the benefits and limitations of wireless, and a bit about the economics of technology upgrades. He closes with a look to the future of wireless and its global implications. Dr. Jock Percy is CEO of Perseus Telecom, a global carrier of financial telecommunications specializing in ultra low-latency market-to-market connectivity. Before taking the helm at Perseus, Percy spent a number of years…

JLN Options: Mini Options Will Go Live on Monday March 18th Newsletter,Options

Lead Stories Mini Options Will Go Live on Monday March 18thBret Kenwell, BenzingaThe debate to allow mini options on the CBOE has been going on for a couple years now. Ever since names like Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), and Amazon (NASDAQ: AMZN) began trading at rather high dollar amounts, there have been parties both for and against the move.http://jlne.ws/Z3PN1g U.S. Stocks Decline After S&P 500 Index Approaches RecordSarah Pringle, BloombergBusinessweekU.S. stocks fell, after the Standard & Poor’s 500 Index moved within two points of its record high yesterday, as a report showed consumer confidence unexpectedly fell in March.http://jlne.ws/Z3NZFB…