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Tag Archives: Wall Street

Fortunes Made and Lost on Weed in Wildest Single Day of Trading John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The World Economic Forum issued a report “Building Block(chain)s for a Better Planet.”~JJL CQG Desktop Version 3.6 is out. Would it show my age if I said I used to use System One?~JJL If you haven’t seen Ray Dalio‘s thoughts about how our economy and country looks a lot like 1937, it is worth a look.~JK Yesterday, pot stock Tilray went full Icarus. Trading was halted multiple times for volatility reasons after it soared from ~$150 to nearly $300, then erased all its gains. Fun times. See CNBC’s As investors chase pot stocks…

The Wild West days of crypto exchanges are coming to an end John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff HERE is a link to the Virtual Markets Integrity Initiative Report from the Attorney General of the State of New York that has spawned so many stories in today’s newsletter.~JJL Ed Tilly of Cboe will be riding in the Wall Street Rides FAR this year for the first time with this Cboe colleagues. Cboe Global Markets is a diamond level sponsor of Wall Street Rides FAR, an organization that promotes autism research through an annual series of charity bike rides outside of New York City. You can donate HERE to support Wall Street…

The Risk of Derivatives Isn’t Gone. It’s Merely Morphed John Lothian Newsletter,Newsletter

First Read Look Who’s Talking By Thom Thompson, John Lothian News Last week many of us were surprised to hear EF Hutton talk again – Wow! They exist? – when Hutton issued three press releases over eight days. Hutton has emerged as potentially much cooler, socially conscious version of a money machine and not just because the money takes the form of cryptocurrency. It seems that Hutton’s brand had been hanging out somewhere deep in Citigroup until half a dozen years ago when it was resurrected and sent out to fare on its own. EF Hutton today is a broker…

New York sues U.S. to stop fintech bank charters John Lothian Newsletter,Newsletter

First Read How blockchain may be used to create “smart cities” – an interview with Paul Doherty, founder and chairman of The Digit Group By Matt Raebel, John Lothian News Paul Doherty, founder and chairman of The Digit Group (TDG), a company that designs, builds, and maintains what he calls “smart cities” around the world, was one of the speakers at Chicago’s 2018 “Voice of Blockchain” event at Navy Pier last month. In 2017, Doherty accompanied Donald Trump on his trip to China as part of a delegation of 30 CEOs from major U.S. companies. The trip proved fruitful for…

Crypto Exchange Kraken Is Laying Off 57 Employees John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff AFM Chairman Pat Kenny asked me to plug the AFM Autumn Workshop, Current Technologies and Market Trends, in London on September 12, 2018. The workshop will look at the impact that blockchain and cryptocurrencies are making in established markets and processes. Registration is HERE.~JJL I really liked Tim McCourt’s message from his MarketsWiki Education World of Opportunity presentation: always keep learning. Nice job, Tim. Thank you for participating.~JJL Cumberland, part of DRW, has done a rebranding.~JJL FINRA has published an article, “Here’s How to Avoid Crypto Stock Scams.~JJL Yesterday’s top story about TT…

JPMorgan, BlackRock Warn Contagion Hitting Emerging Markets John Lothian Newsletter,Newsletter

First Read X_TRADER Transformed The Industry: Now It’s Time To Do It Again Jim Kharouf – JLN The announcement that Trading Technologies will be shutting down its X_TRADER platform is not a big surprise. But what that platform has done over its 25-year lifespan certainly is. And what the new TT platform may do in the coming months and years may be equally astounding. Taking a look back, there’s not a single ISV trading platform that has had a greater impact on the industry than X_TRADER. Launched in 1994, the technology that included patented breakthroughs like the ubiquitous price ladder…

London’s Tribes of Finance Face Off John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff If you are a broker or CTA, or are interested in learning more about those aspects of the markets, come to the NIBA’s September 13 Chicago Conference at the CME Group. Learn more and sign up HERE.~JJL Yesterday, FIA President and CEO Walt Lukken reacted to Chairman Giancarlo’s speech on cross border regulation post Dodd-Frank: “We welcome Chairman Giancarlo’s leadership to reconsider the CFTC cross-border approach, particularly as it relates to access to clearing. We look forward to providing the agency input at the appropriate time.”~JJL Women in Listed Derivatives (WILD) is continuing…

The Trader Who Shattered UBS Now Faces His Own Reckoning John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff FinTank now has its own YouTube channel and has posted video from their numerous events.~JJL American Financial Exchange (AFX), an electronic exchange for direct lending and borrowing for American financial institutions, is looking for interns for the fall, spring and summer. They are looking for motivated undergraduate and graduate students in economics, business, finance and other related fields who wish to spend a semester working in the marketing or research departments of the exchange. The internships are based in Chicago. For further information, please contact Rafael Marques at AFX Internship Program: rmarques@theafex.com.~JJL Good…

Illinois Court refuses to dismiss indictment against software developer in spoofing conspiracy case John Lothian Newsletter,Newsletter

legal gavel

First Read Hits & Takes By JLN Staff On Wednesday, Matthew Kelly of the CME Group taught the law merit badge to a group of scouts as part of the Trading Tech 300 program for the 3rd year in a row. Thank you to Matt and his associates who helped, and to the CME Group for hosting this workshop. I greatly appreciate the CME Group’s historical support for Scouting.~JJL Yesterday, our friends at US Bank held a personal finance merit badge clinic as part of Trading Tech 300. Thank you to US Bank for the incredible experience you gave the…