First Read Hits & Takes John Lothian & JLN Staff The CFTC’s Division of Clearing and Risk will hold a public roundtable on October 16 to address key clearing issues, including custody and delivery of digital assets, digital asset margins, full collateralization, 24/7 trading, and conflicts of interest in vertically-integrated entities. Participants will include a […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Shigeru Ishiba has been elected leader of Japan’s ruling Liberal Democratic Party (LDP) and is set to become the next prime minister, succeeding Fumio Kishida, the Financial Times reported. Ishiba, a former defense and agriculture minister, is known for his hawkish stance on China and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Joe Guinan, the CEO of Advantage Futures, was presented with the inaugural A. Stamford White Award for living up to the spirit of the Scout Oath and Scout Law and the leadership of White, a two-time president of the Chicago Board of Trade and one […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The Wall Street Journal is reporting that the U.S. Department of Justice (DOJ) has updated its guidance on evaluating corporate compliance programs, emphasizing the importance of managing risks associated with emerging technologies, particularly artificial intelligence (AI). Compliance officers are now expected to assess AI’s impact […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff A recent study reveals that while Robinhood advertises rock-bottom fees for options trading, its customers face hidden transaction costs significantly higher than those at other brokers. The study, conducted by finance professors, found that nearly 7% of the dollar value of Robinhood’s options transactions is […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Calling FMX A Soft Launch Is An Understatement New exchange launch parties can be fun and eventful, with moments you will remember. Who in attendance couldn’t forget the Eurex US launch party at the historic Rookery Building on LaSalle Street in Chicago, where Rudi Ferscha […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today’s lead story from Bloomberg’s Isis Almeida, Katherine Doherty, Lydia Beyoud, and Alice Atkins titled “Howard Lutnick’s Challenge to CME’s Treasury Dominance Turns Political” with the subheadlines “Trump backer plans futures venue to compete with CME” and “Democratic Senator warns CFTC of risks to Treasury […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Honoring Legacy: A. Stamford White and the Enduring Impact on Chicago Scouting Last week I shared the story of Julian S. Rumsey, a founder of the Chicago Board of Trade, former mayor of Chicago and co-founder of the Lake Geneva Yacht Club, and how those […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff CFTC Commissioner Christy Goldsmith Romero will be honored by the National Asian Pacific American Bar Association (NAPABA) with the Daniel K. Inouye Trailblazer Award, NAPABA’s highest honor recognizing lifetime achievement. The award celebrates the outstanding accomplishments, commitment, and leadership of lawyers who have paved the […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Vermiculus has launched VeriTrade, its next-generation trading platform designed for ultra-low latency and high performance, the firm announced today. Built on a microservice architecture, it offers scalability, 24/7 operations, and seamless adaptability to market demands and regulatory changes, Vermiculus says. The system supports on-premise and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff There is big news from IEX this morning as it announced plans to launch an options exchange after stockpiling options industry talent in recent months. Bryan Harkins, John Palmer and Ivan Brown are among the executives IEX has added in recent months as it geared […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff America, once the undisputed king of burgers, has shockingly lost its crown. The title of the world’s best burger now belongs to Spain, of all places-a country known more for tapas and jamon than juicy patties, The Telegraph reports. Hundred Burgers in Valencia snagged the […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets announced that it will launch the new Cboe S&P 500 Variance Futures on September 23, 2024. These futures offer a streamlined way to trade and hedge U.S. equity market volatility by allowing participants to manage the spread between implied and realized volatility. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today is a solemn day, one for reflection on the events of 9/11/2001. There is a surprising source of an inspirational and humorous story involving former NFL offensive lineman Jason Whittle. The Athletic tells the story of how Whittle is more than just a football […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Bloomberg is reporting that traders are on edge ahead of the first debate between Kamala Harris and Donald Trump in the tight 2024 US presidential race. Increased market volatility reflects investor uncertainty, especially around key economic issues like taxes, tariffs, and government spending. Trump’s platform, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff This week is the anniversary of 9/11 and people have begun sharing their stories on social media, including David Weild IV, who was the vice chairman of Nasdaq at the time of the attacks. He was opening the market with the management team of Thoratec […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Do you have a pinewood derby car from your childhood at home? Why have you kept it? Maybe the reason was to run another race some day. That day has come. The LaSalle Street Racing to Move Scouts Forward Fundraiser on September 25 features a […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff FIA announced today that its longtime chief commercial officer, Emma Davey, will step down at the end of the year. Since taking on her position in 2016 following the merger of FIA and the London-based Futures and Options Association (FOA), Emma has overseen the expansion […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff There was a Bloomberg story from August 30 titled “Crypto Owners More Likely to Have Psychopathic Traits, Study Says” that we had not included and I wanted to comment on. This is only one study, but it was rather sensational, so it should be highlighted. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Eric Gilliland, a longtime comedy writer you may have never heard of, but you certainly saw his work if you have watched U.S. television the last 30 years, has died of cancer. He was known for his work on Roseanne, The Wonder Years, Who’s the […]
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