First Read Hits & Takes John Lothian & JLN Staff This is the last edition of the John Lothian Newsletter for 2023. Thank you for your steadfast and loyal readership. The JLN staff works hard each day to provide this newsletter and the original content we create, and your readership and support keep us going. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Thank you to all who wrote a birthday note to Lee B. Stern, who turned 97 yesterday. JLN set up an email forwarder address, LeeBSternBirthdayGreetings@johnlothian.com for you to be able to email Lee a birthday greeting. The end of the year recaps are in full […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today is the 97th birthday of Lee B. Stern, who is the longest tenured member of the Chicago Board of Trade. Lee is a Chicago legend and FIA Hall of Fame member who once owned the champion Chicago Sting soccer team and has been a […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The Wall Street Journal reports “Nasdaq Set to Beat NYSE in IPO Race for Fifth Year in a Row” as “U.K. chip designer Arm, which raised $5.2 billion in the year’s biggest IPO, was among the companies to debut on Nasdaq.” The Smarter Markets Podcast […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The Cboe said ODTE options shouldn’t be blamed for the sell-off on Wednesday in a Bloomberg story, the same day it expanded its daily expiration for the Russell 2000 index options suite. Meanwhile, a Reuters story said zero-day options are just a factor in U.S. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Yesterday’s top of the newsletter commentary “Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership” was well read yesterday as traffic to JohnLothianNews.com jumped 170% after the story was published. Additionally, I received ongoing commentary from one […]
Read articleFirst Read Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership JohnLothianNews.com A long-standing certified class-action lawsuit against CME Group, filed by members of the Chicago Board of Trade and Chicago Mercantile Exchange, poses a potential threat to the exchange group’s membership market. A mediated settlement, encouraged […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today JLN has another video from our FIA Asia coverage, this one an interview with FIA General Counsel Allison Lurton. Lurton participated in a panel discussion that debated man versus machine titled “This house believes that Machine will replace Man in the future.” You can […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff In 2022, a record high of 58% of U.S. households owned stocks, per the Federal Reserve’s survey of consumer finances, up from 53% in 2019. This marks the highest-ever recorded rate of stock ownership in the triennial survey, encompassing both direct and indirect ownership through […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Hong Kong Exchanges and Clearing Ltd. CEO Nicolas Aguzin will depart at the end of his contract, succeeded by co-COO Bonnie Chan, who will be the first woman in the role. The leadership change comes amid a prolonged IPO slowdown at the exchange. Chan, 54, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Yesterday, representatives of the Folds of Honor charity rang the closing bell at Cboe Global Markets, along with those from the RiverNorth Patriot ETF (FLDZ) that contributes 90% of its management fees to the charity. The ETF moved to Cboe in December of 2022 from […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Registration for the FIA’s International Futures Conference in Boca Raton, FL is open for the conference scheduled for March 10 to 13 at the beautiful and updated Boca Resort. You don’t want to miss out on this year’s conference full of industry leaders and the […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today we published our second video interview conducted by Robert Lothian at FIA Asia 2023, this one with Matthias Rietig, Senior Officer & Chief Representative of Singapore Branch, OSE and TOCOM (Japan Exchange Group). Yesterday we led off our FIA Asia industry leader video series […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff CME Group announced plans to unify its two non-deliverable forward (NDF) liquidity pools on the EBS Market platform into a single trading venue by October 2024, subject to regulatory approval. This move aims to create a unified global NDF trading environment, enhancing market efficiency and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff On December 7, 2023, the Milken Institute’s MEA Summit held a panel discussion titled “The New Tech Economy: Transforming Challenges into Opportunities” in Abu Dhabi, UAE. The panel, moderated by Jack Selby, managing director at Thiel Capital, featured Don Wilson, the founder and CEO of […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The uber-connected and respected Sean Smith, formerly of Qontigo Inc, London Stock Exchange Group, and CME Group, has joined the board of directors of Horizons National Chicago (HNC), an organization focused on educational equity. HNC, an affiliate of Horizons National (HN), offers out-of-school programs benefiting […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Do you want to make some extra money for the holidays, use your trading skills and not take any risk while trading in a market that’s making a breakout? The CME has your answer. The CME Group is hosting the Crypto Classic Futures Trading and […]
Read articleLead Stories Stock-hungry volatility funds, ‘gamma-heavy’ options dealers could buoy US equities Saqib Iqbal Ahmed – Reuters An epic rally in U.S. stocks has sent Wall Street’s fear gauge to a post-pandemic low. Options strategists believe market gyrations may stay subdued for some time – potentially smoothing the way for further gains in equities. The […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Trading Technologies is making big news today, naming three veteran industry executives to senior leadership positions with the firm, including Justin Llewellyn-Jones, who just announced he left Broadridge last week. He was named chief operating officer. Joining him at TT are Alun Green as EVP […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Julie Lerner, the founder and CEO of PanXchange, announced with “deep remorse” on LinkedIn that the exchange was “closing its doors.” Lerner created PanXchange to trade cash (spot) physical commodities and had created benchmarks in frac sand and hemp. The exchange’s demise appears to be […]
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