How Rage, Boredom and WallStreetBets Created a New Generation of Young American Traders; European Union Approves New Financial Crime Agency

Source: John Lothian Newsletter

First Read Hits & Takes John Lothian & JLN Staff Houda Harb, senior product manager at ASX, the Australian Securities Exchange, shared on LinkedIn the sad news that Maurice Farhart has passed away. Maurice was head of international sales at ASX and had been with the exchange since 2012. He also had a previous 10-year […]

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Chicago to Offer Most Generous Subsidies in U.S. to Save Its Downtown; The New York Stock Exchange Announces Collaboration with CoinDesk Indices to Launch Financial Products Tracking Spot Bitcoin Prices

Source: John Lothian Newsletter

First Read Hits & Takes John Lothian & JLN Staff Women in Listed Derivatives (WILD), in partnership with CME Group’s Women’s Initiative Network (WIN) and Women in Technology (WIT) Employee Resource Groups, is holding an event open to WILD members and non-members, all CME Group employees, and all genders on June 13 at the CME […]

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CFTC Orders J.P. Morgan to Pay $200 Million for Supervision Failures; SEC greenlights exchanges to list ether ETFs, still needs to approve money manager filings

Source: John Lothian Newsletter

First Read Hits & Takes John Lothian & JLN Staff The message from Wednesday’s earnings from Nvidia is that while some customers may have said they are waiting for the next upgraded chip, the rest of the world is not waiting and wanted anything they could find on the shelves at Nvidia. The opportunity cost […]

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Jorge Alegría returns to the Mexican Stock Exchange as CEO after the departure of Oriol Bosch; Washington’s Pivot on Bank Rules Could Free Up Tens of Billions

Source: John Lothian Newsletter

First Read Hits & Takes John Lothian & JLN Staff Yesterday was Bitcoin Pizza Day, the annual celebration in the cryptocurrency community that commemorates the first real-world transaction involving bitcoin. On May 22, 2010, Laszlo Hanyecz, a programmer from Florida, paid 10,000 bitcoins (valued at around $41 at the time) for two Papa John’s pizzas. […]

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SEC Charges Intercontinental Exchange and Nine Affiliates Including the New York Stock Exchange with Failing to Inform the Commission of a Cyber Intrusion; The crypto Congress: Momentum builds for ‘most significant’ digital-asset law in history

Source: John Lothian Newsletter

First Read Hits & Takes John Lothian & JLN Staff The World Federation of Exchanges (WFE) released new research cautioning against the indiscriminate adoption of technologies like DLT that drastically reduce settlement time at the expense of market quality. The study highlights that while such technologies may speed up settlement, they also lead to increased […]

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Wildfires rage in Canada’s oil hub

Source: John Lothian Newsletter

First Read Hits & Takes John Lothian & JLN Staff Trading Technologies (TT) celebrated its 30th anniversary yesterday, marking three decades of pioneering advancements in electronic futures trading. Founded in 1994, TT initially revolutionized the industry with its X_TRADER platform, which became the standard for global trading operations, including nearly all major banks. TT CEO […]

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