Industry News supplied by John Lothian
Date: Feb 7, 2025
First Read Hits & Takes John Lothian & JLN Staff It appears the CFTC is not immune to the administrative chaos that has marked the beginning of the Trump administration. Yesterday afternoon, Bloomberg published a story accusing Acting Chair Caroline D. Pham of having removed the head of human resources at the CFTC-a person the […]
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Industry News supplied by John Lothian
Date: Feb 6, 2025
First Read Hits & Takes John Lothian & JLN Staff Intercontinental Exchange (ICE) delivered a stellar performance in 2024, marking its 19th consecutive year of record revenues. The company reported net revenues of $9.3 billion, a 16% year-over-year increase, with GAAP diluted EPS of $4.78 (up 14%) and adjusted diluted EPS of $6.07 (up 8%). […]
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Industry News supplied by John Lothian
Date: Feb 5, 2025
First Read Hits & Takes John Lothian & JLN Staff Robinhood Markets has halted its planned launch of Super Bowl LIX event contracts after the CFTC formally requested that customers be prevented from accessing sports event contracts, Benzinga reported. The product, developed with Kalshi and aimed at the Feb. 9 NFL championship game, was available […]
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Industry News supplied by John Lothian
Date: Feb 4, 2025
First Read Hits & Takes John Lothian & JLN Staff CME Group reported a record January 2025 average daily volume (ADV) of 25.7 million contracts, a 2% year-over-year increase, driven by strong performance across key asset classes. Interest Rate derivatives led with 11.7 million contracts, while Equity Index products reached 7 million ADV. Energy and […]
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Industry News supplied by John Lothian
Date: Feb 3, 2025
First Read Hits & Takes John Lothian & JLN Staff Friday afternoon, the CME Group shared the sad news via LinkedIn that longtime CME member and former board member Mike Dowd had passed away. Dowd was 67 and was a co-founder of the Dowd Wescott Group. You can find his obituary in the Chicago Tribune […]
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