First Read Hits & Takes John Lothian & JLN Staff Ryne Sandberg, revered as a Chicago Cubs icon and Hall of Fame second baseman, died at age 65 after a battle with metastatic prostate cancer, The Athletic reported. Sandberg was celebrated for his exceptional play and leadership; he earned seven Silver Sluggers, nine Gold Gloves, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Just as I was about to take a much-deserved Friday afternoon off, news broke courtesy of Mark Weinraub of Crain’s Chicago Business that the CME had prevailed in the Langer class action lawsuit trial. The jury’s decision, which came as a surprise to the plaintiff’s […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Scotland is reaffirming its global stature as a financial center, leveraging a deep-seated tradition of innovation and a highly skilled workforce. In an interview with John Lothian News in June in Edinburgh, Sandy Begbie, chief executive of Scottish Financial Enterprise, described the organization’s pivotal role […]
Read articleLead Stories Hidden Road Launches Support for OTC Options Prime Brokerage Hidden Road Hidden Road today announced the ability to support OTC options on digital assets as part of its suite of prime brokerage services. This new launch enables institutional clients to execute OTC options and to cross-margin OTC options with the rest of their […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Margot Patrick of The Wall Street Journal reports that Tom Hayes, the former UBS and Citigroup trader whose 2015 conviction made him the face of the Libor scandal, has won a landmark appeal at the U.K. Supreme Court, overturning his conviction for benchmark manipulation. Hayes, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff George Steer of the Financial Times reports that Polymarket, billed as the world’s largest prediction market, has acquired Florida-based regulated derivatives exchange QCX and its clearinghouse QC Clearing (together QCEX) for $112 million, paving the way for its entry into the US market just after […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff In today’s lead story, Mark Weinraub of Crain’s Chicago Business reports that CME Group CEO Terry Duffy defended the firm’s move to electronic trading and its Aurora data center amid a $2.1 billion lawsuit brought by former floor traders. Testifying in federal court, Duffy argued […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff In an open letter, the World Federation of Exchanges urges global policymakers, regulators, investors, and issuers to reaffirm their commitment to the core principles that underpin capital markets, emphasizing the essential role of trusted, transparent, and resilient public markets in driving economic growth and societal […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Top banking CEOs, including David Solomon of Goldman Sachs, Brian Moynihan of Bank of America, Jane Fraser of Citigroup, and Jamie Dimon of JPMorgan Chase, have publicly spoken out in defense of the Federal Reserve’s independence amid increasing political pressure from President Trump, who has […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Gerry Corcoran, chairman and CEO at R.J. O’Brien, yesterday celebrated his 38 year journey in the futures industry that started when he joined RJO as their CFO, he shared on LinkedIn. He was hired by his best friend, Johnny O’Brien, and Corcoran wrote that they […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Crypto companies’ efforts to bring U.S. stocks to blockchain platforms have gotten off to a rocky start, according to Alexander Osipovich and Vicky Ge Huang in The Wall Street Journal. Digital tokens tracking high-profile stocks like Amazon and Apple, launched by firms including Robinhood, Kraken, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Hiromi Yamaji, the group CEO of Japan Exchange Group, says in a LinkedIn video that Japan is at a historic turning point as the economy emerges from deflation, corporate earnings strengthen, and investment in automation, digitalization, and AI acceleration. He highlights that ongoing corporate governance […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Since I returned home from the museum opening on Friday, I have been under the weather, with fevers as high as 103 degrees. This is the first time I have been ill in a long time, and it is a simple virus. It is not […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff On July 9, 2025, the Commodity Futures Trading Commission (CFTC) announced an advisory from its Division of Enforcement (DOE) outlining a new framework for addressing criminally liable regulatory offenses, per Executive Order 14294, which aims to combat overcriminalization in federal regulations. This advisory provides guidance […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The Chicago Board of Trade Building Museum opened yesterday with a brief ceremony in the hallway outside of Ceres, with speakers from the management company R2, 34th Ward Alderman Bill Conway, and a planning and development staffer from the City of Chicago. The turnout of […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The long-awaited class action lawsuit between CME/CBOT Class B members and the CME Group is set to begin today, following the selection of a jury yesterday, a source shared with me. You can watch the trial via Zoom. Observers must keep their cameras and audio […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The class action lawsuit on behalf of certain Class B shareholders of CME Group, Inc. and certain Class B members of its subsidiary, The Board of Trade of the City of Chicago, Inc., is scheduled to begin trial before Judge Patrick J. Sherlock on July […]
Read articleThe JLN annual tradition of publishing the Declaration of Independence each July 4th brings new meaning and awareness from a list of old grievances and eternal truths that have been shared for centuries. A key grievance dealt with immigration and naturalization. The "Plantation Act of 1740" was a key driver of economic growth in the colonies, helping to attract immigration to America. All it took to become a citizen of the crown was to live in a colony for seven years and not leave, with a two-month absence limit.
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Pay attention to your holiday trading schedule, as markets close early today for the U.S. Independence Day holiday, which is observed tomorrow. John Lothian News will publish its annual Declaration of Independence edition of JLN tomorrow in place of the normal news content. The CME […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Firms that host interns this summer should encourage them to sign up for the John Lothian Newsletter using their school email address, ensuring they stay informed on the latest industry news and trends throughout their internship and beyond. The newsletter is free for students and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff A relentless and record-breaking heat wave is gripping much of southern Europe, with temperatures soaring above 100°F (38°C) in countries like Spain, Italy, France, Portugal, and Greece, and the worst may not have arrived yet, The New York Times reported. Authorities have issued health and […]
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