First Read Hits & Takes John Lothian & JLN Staff The ebb and flow of exchanges continues. Yesterday we heard more about FMX’s plans to take on the big bad CME Group, using a plan similar to one that has failed during assaults on the Chicago powerhouse in the past. BGC Group, Inc. yesterday announced […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Over 300 ICE employees, including ICE Founder and CEO Jeff Sprecher, partnered with the Westside Future Fund, Warrick Dunn Charities, Inc., and Warrick Dunn Communities to support the revitalization of Atlanta’s Westside, engaging in various volunteer activities like tree planting, gardening, community clean-up, kit assembly, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Bloomberg is reporting that China is telling brokers to limit exposure to “snowball” derivatives. That is water, right? I mean, what else comes from snow but water, and maybe some pollution? However, it turns out that Chinese snowballs are a relatively new financial derivative and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff According to The Wall Street Journal, there is some good news from the IRS that impacts me directly. I received one third of the balance of my mother’s IRA when she passed away in 2022. According to the rules, I have to take required annual […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today JLN has two videos from FIA Boca, Doug Cifu of Virtu and Luc Fortin of TMX Group. We also have a roundtable podcast titled “Is ESG Dead” featuring ICE’s Gordon Bennett, Laetitia Hamon, head of Sustainable Finance at the Luxembourg Stock Exchange (LuxSE), Tomas […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I would like to apologize to Elon Musk. I was wrong. Halving Day is not on 4/20, but rather it will be later today. There is a chance it could occur early Saturday morning, but still, I apologize. It is not a sure thing. Yesterday […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Mark Bagan, executive vice president – U.S. futures strategy of MIH and chief executive officer of the Minneapolis Grain Exchange (MGEX), has passed away, JLN reported yesterday and MIAX confirmed today. A statement released this morning said: “We are deeply saddened by the unexpected passing […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Claire Kenny, senior risk management policy associate at CME Group, is getting more interesting all the time, in a Most Interesting Man/Woman kind of way. Claire completed the Boston Marathon in 3 hours, 26 minutes and 41 seconds, or 7 minutes and 53 seconds per […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff It is a sad day in Denmark and in the world of stock exchanges as the 400-year-old Borsen building, a 17th-century structure located next to the Danish parliament, was engulfed in flames today. You can see the blaze in this Wall Street Journal video. The […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Do you want to invest in conflict and war? I might have an ETF for you. According to Reuters, the VanEck Defense UCITS ETF, launched at the end of March 2023, is up about 20% and has reached $560 million in net assets within a […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The April edition of FT Wealth explores various aspects of wealth management and philanthropy. It examines how affluent individuals in Asia are increasing their philanthropic efforts while diverging from traditional Western models, and discusses a growing trend of wealthy individuals eager to “spend down” their […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Futures Discovery Host Corties Draper, a student at Roosevelt University who is a CCCF Honors Fellow in the Heller College of Business, announced on LinkedIn that he has been accepted into the Master of Science in Management Science and Analytics program with a specialization in […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets released an article titled “Debunking Options Myths” on April 9, 2024, aiming to dispel misconceptions surrounding options trading. The article challenges common myths, such as the belief that options trading is only for seasoned professionals, emphasizing that options are accessible and beneficial […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I missed the April 1 tell at the top of the AI Risk.net story I mentioned yesterday. It was a well-told yarn for April Fools’ Day and I was played the fool. SIMONE, I owe you one. The U.S. Securities and Exchange Commission (SEC) is […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The FIA has posted the full versions of the FIA Hall of Fame videos of the honorees conducted by Walt Lukken ahead of the induction ceremony, on which the shorter versions that were shown at the Boca Raton event were based. You can see the […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I want to congratulate the readership of this newsletter. The top read story from yesterday was the very last story in yesterday’s newsletter, What is next for billionaire philanthropist MacKenzie Scott’s giving?, from AP via Yahoo!Finance. That shows you are reading the newsletter from top […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Yesterday was the 176th anniversary of the founding of the Chicago Board of Trade in a flour store attic. It opened on April 3, 1848 as a cash market for grain and offered “to-arrive” or “forward” contracts. The Futures for Kids Fun Run is set […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Attention parents of Chicago area students. The STAC Fund Scholarship program for the 2024 – 2025 academic year is now open for applications! This is an incredible opportunity for high school seniors and college students alike to receive financial assistance for their educational pursuits. What’s […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff My father worked for General Electric when he graduated from college, first in Cleveland, OH, then in Chicago. I have always paid attention to General Electric as a result and since the early days of the pandemic, when I became one of the many new […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I am sorry to report that April Fool’s Day has been canceled. Today JLN has four videos in the newsletter. Two are from our JLN Industry Leader video series from FIA Boca 2024. One is with Travis Schwab of Eventus and the other with Leo […]
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