First Read Hits & Takes John Lothian & JLN Staff Former SEC internet enforcement chief John Reed Stark, in a LinkedIn Post, has accused the agency of disguising a sharp decline in enforcement through inflated case counts and selective presentation. Stark argues that the SEC’s reported 348 actions included substantial administrative paperwork, repetitive cases, and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Consider this an outtrade on self-certification and what the definition of “is” is, to quote former President Bill Clinton. Easily fixed once identified and just one of the risks when processing thousands of transactions (self-certifications of contracts). The Commodity Futures Trading Commission has warned Kalshi […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The courts sure have a lot of friends these days. Coinbase, Kalshi, Payward, DRW, Jump Trading and Paradigm filed a friend-of-the-court brief on Nov. 9 urging a federal judge in New York to reject a request to halt trading in perpetual futures on individual U.S. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets announced the launch of mini-Russell 2000 Index (MRUT) binary options on November 9, expanding its SEC-regulated prediction markets offerings to U.S. small-cap stocks. The new contracts, trading under the ticker MRTBW, allow investors to make yes-or-no predictions about whether the index, which […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The good thing about the Binance hack of $6.3 billion is that it is going to teach us all how to and how not to launder a big pile of stolen crypto. This could be a useful thing to know. According to Micah Zimmerman of […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Another FIA EXPO has come and gone. This one was a big uptick in the quality of attendees and numbers and a clear sign that EXPO has recovered from the hit it took during the COVID era. However, it is not the same as before […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Perpetual futures are only behind prediction markets in terms of attention at this year’s FIA EXPO in Chicago, especially after the clownish (See FT Alphaville) and cowardly CFTC Commissar Michael Selig decided to avoid showing up in person to drop the major news yesterday that […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I am at the FIA EXPO in Chicago today, with my son Robby, conducting the JLN Industry Leader video series in Booth 225 on the exhibition hall floor. We have about 23 interviews scheduled over the two-day conference, with 18 scheduled today and room for […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Euronext announced today that it has selected David Knibbe, the CEO of Dutch insurer NN Group, to succeed Stephane Boujnah as chief executive and chairman of the managing board in May 2027. Knibbe, who has led NN Group since 2019, will be nominated at Euronext’s […]
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