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Tag Archives: Wells Fargo

UK regulators to fine Barclays chief; Deutsche Bank’s flub; Wells Fargo $1b fine John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff The story of my being awarded the Silver Beaver Award by the Boy Scouts was reported in the Elmhurst Patch, posted by my friend and fellow scouter John Fabry.~JJL The Magnetar Youth Investment Academy held The Night Out for Financial Literacy fundraiser last evening in Chicago. The academy has served more than 14,000 students at 70 schools in the Chicago area. Chance The Rapper spoke with Magnetar Capital’s founder and CEO Alec Litowitz. When asked what he would have invested in when he was 17 years old, Chance replied that he didn’t have…

Dash Buyout; LJM-Wells Fargo lawsuit; Options-based funds study Newsletter,Options

Observations & Insight Bits for Weekly VIX/SPX Expiration Day Spencer Doar – JLN The Onion had a good title for Gary Cohn’s resignation – Gary Cohn Resigns In Protest Of Trump’s Bigoted Comments Towards Aluminum. If you’re wondering when this trade war could kick off – who isn’t? – Axios is reporting that Trump wants to announce tariffs tomorrow and the White House said “this week.” Cboe released an update of its white paper on options-based funds. The 105 options-based funds focused on in the study have AUM of $38.1 billion. Some $8.5 billion of that total comes from the…

Finance chiefs warn on Big Tech; Trading venues buzzing; China to stamp out cryptocurrency trading John Lothian Newsletter,Newsletter

First Read Hits & Takes JLN Staff Richard Sandor has a new book coming out, “Electronic Trading & Blockchain: Yesterday, Today and Tomorrow.” The book tells the story of his experience leading the first project to design and establish an electronic trading platform and for-profit exchange when he taught at Berkeley in the late 1960s. Included in the book are chapters from leaders in digital assets, including Don Wilson and Don Tapscott. Doc Sandor gives Jim Kharouf and I a tip of the hat in the book as we are mentioned as leading figures in the financial press covering the…

The World’s Largest Oil Hedge Is Complete; Cboe says bye bye to Bats brand Newsletter,Options

Observations & Insight Deep Dive With JLN: How Can The Financial Industry Draw In The Next Generation Of Talent? JohnLothianNews.com John Lothian News’ CEO Jim Kharouf sat down with Brian Mehta, chief marketing officer at Trading Technologies, and Doug Monieson, partner at Hyde Park Angels, to talk about what will attract the next generation of traders and professionals into this space. From college outreach programs like TT CampusConnect to a variety of new education, training, competitions and platforms that open the world to new traders with new ideas, both see the financial markets as having much to offer. “Getting companies…

Are Chicago trading firms losing out in consolidation?; Hackers target weakest links for insider trading gain John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff As part of the sponsorship of the MarketsWiki Education Recruiting event, some sponsors get a one-minute video produced to tell the story of their internship program. Here is the one from HC Technologies titled, “HC Technologies Talks About Shaping the Next Generation of Derivatives Traders.”~JJL Congrats to Adrienne and Stuart Muir, Alison Hood, Cathy Lyall, Wendy Deguara, Clive Furness, Clare Black, Katy Birch, Jo Sullivan, Rob Alexander, Jo Shannon and Julie Carruthers, who raised £9,748.75 for NICU at Evelina on September 30th. Ibuprofen and heat/ice help.~JK From MarketsWiki: The Indian Energy Exchange…

SEC nomination; Trouble for fastest traders; The death of stocks has been exaggerated John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff Our friends at Deutsche Boerse Group have produced a video posted to Youtube titled “Brexit explained in simple terms”~JJL Do you know BOAT Services? The Cinnober subsidiary just received FCA approval to publish your firm’s post-trade reports – it’s a MIFID II thing. BOAT Services has more than 350 customers.~JK Retired FIA President John Damgard is today’s featured speaker from this summer’s MarketsWiki Education World of Opportunity series in Chicago.~JJL The Realization Group and Software AG is hosting the second in a series of roundtable discussions on Digital Excellence in Banking and…

Hedge funds and the gender imbalance; Probe into ‘maker taker’; The next quant meltdown John Lothian Newsletter,Newsletter

First Read Hits & Takes NEX Group yesterday led a session of Trading Tech 300, the merit badge workshop program created to help young people connect with the financial industry in Chicago. They took a group of Scouts around the financial district in a Geocaching exercise. Thank you to Tom Scanlan and the NEX crew for their service.~JJL Michael Kraines of Trading Technologies is our video subject today from the Chicago sessions of MarketsWiki Education World of Opportunity. Brian Quintenz has been sworn in as a commissioner of the U.S. Commodity Futures Trading Commission.~JJL If you like funny infographics, check…

John Lothian Newsletter: Donohue Agrees to Stay on as OCC Executive Chairman for Three Additional Years; High Frequency Traders Elbow Their Way Into the Currency Markets; Wall Street’s Insatiable Lust: Data, Data, Data John Lothian Newsletter,Newsletter

First Read Education Bits & Pieces Doug Ashburn, JLN Tomorrow we release the last of our Chicago series, Tayloe Draughon of Neurensic on machine learning for the futures industry. Later this week we begin releasing the videos from New York, beginning with Nasdaq president and COO Adena Friedman. Friedman began her career as a Nasdaq intern; this fact set the tone for the day and inspired the group to stay engaged and find their places within the industry. If you have missed any of the Chicago presentations, scroll down to see our latest release, TD Ameritrade luminary JJ Kinahan, who…