First Read Hits & Takes John Lothian & JLN Staff We would very much like to thank David Klotz for being our guest editor all this week at the John Lothian Newsletter. This is the last day of his commentary, and then we are back to the usual: John Lothian’s commentary. We would also like […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff In a move sure to generate ‘discussion’ among Chicago’s prop trading community, CME and Google Cloud announced a plan to build a new private global cloud and colocation facility in Illinois. The Trade has its take on it in this story. A small observation here: […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff From our guest editor this week, David Klotz, president of MetroTrade: Waters Technology, led by the esteemed Anthony Malakian, is free today, so we’ve included a piece from them. Many consider them the top tech media for financial technology and they do long-form pieces, which […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff From our guest editor for this week, David Klotz, president at MetroTrade: Yesterday, to the surprise of no one, ICE announced its intention to clear US Treasuries. In what is almost certain to be the next frontier of clearing and settlement, ICE joins CME Group […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff All this week, John Lothian News has a guest editor while John is away in Amsterdam. Our guest editor is David Klotz, the president of MetroTrade, an introducing broker that plans to offer access to the CME Group‘s U.S. futures exchanges at its launch, anticipated […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff When Jack A. Wing died in 2011, I realized the industry was losing some of the pioneers of the financial futures era. Wing founded the masters program in financial engineering at the Illinois Institute of Technology, where he would later teach. This was a key […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff FIA’s IDX concluded last night on a high note with the gala dinner in support of the Futures For Kids charity and the end of Rama Pillai‘s Kilt Challenge. The dinner gala raised a total of 150K British pounds, including over 60K pounds raised in […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The FIA and Acuiti yesterday released a report examining the challenges and opportunities in the European listed derivatives markets. Based on a survey of over 100 market participants, including clearing brokers, asset managers, hedge funds, principal trading firms, exchanges, and software vendors, the report highlights […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff IDX is in full swing today after the opening cocktails yesterday at Goldsmiths’ Hall. The ornate hall in which we chatted and drank has been used in many movies and television series, including The Crown, Downton Abbey, Bridgerton and A Very British Scandal. Movies using […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The FIA today announced, rather early, that nominations for the FIA Hall of Fame Class of 2025 are open and you can submit them via this online form. This is a grand idea for the FIA to announce it during IDX and should spark more […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I leave tomorrow to travel to London for FIA’s IDX and I am very excited to go overseas again on my first trip since the COVID pandemic, other than to Bermuda last fall. My trip to London will include a lunch at the National Liberal […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff How is AI making its way into trading? Check out the news from Tradeweb. Tradeweb Markets Inc. announced today that it has introduced RFQ Edge, an enhanced request-for-quote (RFQ) functionality for U.S. Credit markets. This new feature integrates advanced portfolio trading analytics, offering real-time trading […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff CME Group is now accepting registrations for the 4th annual Derivatives Trading Challenge for the MENA region. In collaboration with the Dubai Mercantile Exchange, Gulf Capital Market Association, and Arab Federation of Capital Markets, the challenge runs from June 30 to July 12. Participants will […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff This Friday, join David Setters at the City against MND Annual Cricket Day to raise funds for the Motor Neurone Disease (MND) Association. Can’t attend? Donate HERE. At the event there will be an auction of international shirts signed by Jos Buttler and prints signed […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Fifty years ago today, SEC Commissioner A.A. Sommer, Jr. issued a paper titled “The SEC in the Midst of Revolution.” Here is a summary of his speech: The securities industry is undergoing a significant revolution characterized by rapid and unpredictable changes, much like historical revolutions. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Gary Gensler, the chair of the Securities and Exchange Commission (SEC), recently delivered remarks commemorating the 90th anniversary of the SEC’s establishment through the Securities Exchange Act of 1934. While his speech focused on the SEC’s history and role in regulating financial markets, an unexpected […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Last night Leo Melamed, Mary Dillon, Rick Bayless, Guadalupe Arce and Don and Liz Thompson were honored by the Chicago History Museum’s 30th Annual Making History Awards at a well-attended event at the Four Seasons Hotel in Chicago. Melamed was the first to be honored […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff One of the results of the pivot of Cboe in closing down Cboe Digital was losing several talented executives. One of them is John Palmer, who was president of Cboe Digital, and today he was announced as part of the leadership team at IEX. Congratulations, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff FIA Hall of Fame member Dr. Henry Jarecki is the subject of a story in The Wall Street Journal and another in the New York Post today after being named in a lawsuit accusing him of “participating in Jeffrey Epstein’s sex-trafficking operation.” The 91-year old […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The Chicago History Society is honoring Leo Melamed on Wednesday, June 5, at a dinner at the “Making History Awards 30th Anniversary” event presented at the Four Seasons Hotel Chicago. Leo will be presented with the Daniel H. Burnham Making History Award for Distinction in […]
Read article