First Read Hits & Takes John Lothian & JLN Staff The Kilt Challenge has achieved new prominence today as the last kilt wearer, Robbert Booij, has been named the new chief executive of Eurex, replacing Michael Peters. The Financial Times has the story of the former ABN AMRO Clearing Bank CEO taking over for Peters, […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Bloomberg reported that Ray Bradbury has become the president of ADM Investor Services this month, during the shake-up of ADM management after the firm disclosed it had suspended its CFO. John P. Stott, the previous president of ADMIS, was promoted to group vice president CFO […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Ukrainian President Volodymyr Zelensky has expressed concerns that the ongoing conflict in Ukraine could escalate into a third world war if Russian aggression is not restrained with the support of Western allies, The Independent reported. During an interview with the German state broadcaster ARD, Zelensky […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The CFTC issued a customer advisory titled “CFTC Customer Advisory Cautions the Public to Beware of Artificial Intelligence Scams” that warns the public about artificial intelligence (AI) scams that falsely promise significant profits through AI-driven trading bots and algorithms. The advisory highlights that these scams […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Blue Ocean Technologies, LLC (BOT) and MEMX have announced a technology partnership to enhance the Blue Ocean ATS global trading platform. Under the agreement, MEMX will provide its market-as-a-service trading system to bolster the platform, with implementation scheduled by the end of Q1 2024. Former […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I spoke yesterday with Daniel Coleman, who was featured in a recent Wall Street Journal story about the college of which he is president. Coleman, the former GETCO CEO and O’Connor & Associates alumnus, was one of the many industry executives who participated in the […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Yesterday, OCC (Options Clearing Corporation) announced changes in its leadership. Craig Donohue, the executive chairman, has now assumed the role of chairman of the board of directors in what was described as a transition. Simultaneously, CEO Andrej Bolkovic has become a member of the board. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today we published part two of our two-part interview with Amanda Cain in a John Lothian Profiles interview. Former GETCO CEO Daniel Coleman is now the president of a private college in Alabama, Birmingham-Southern, that is the focus of a story by The Wall Street […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff FIA reported that global futures and options trading volumes reached a record 137.3 billion contracts in 2023, driven primarily by a surge in options trading on Indian exchanges, with equity index options trading in India increasing by 153% to 84.3 billion contracts. Interest rate futures […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Bloomberg wrote a follow up to the story about Mary Erdoes claiming JPMorgan had had 69 billion daily cyber attacks, with the bank recharacterizing the number of attacks. A spokesperson from JPMorgan is quoted as saying: “Ms. Erdoes was referring to observed activity collected from […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff US bank regulators have proposed rules that could significantly raise capital requirements for banks providing derivatives clearing services to clients, potentially by more than 80%. FIA said it strongly opposes these provisions. It argues that such rules could increase costs for banks offering clearing services […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Condolences to Phupinder Gill and his family on the passing of Ajit Singh Gill, the 95-year-old father of the former CME Group CEO. The elder Mr. Gill was a schoolteacher who represented Singapore in hockey at the 1956 Olympic games. He would have turned 96 […]
Read articleFirst Read Hits & Takes Today is Martin Luther King Jr. Day, which is celebrated on the third Monday of January each year and commemorates the life and legacy of Dr. Martin Luther King Jr., one of the most prominent figures in the American civil rights movement. The holiday was established in 1983 when President […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff It is a snow day for John Lothian News and everyone is working from home today. OK, that is where everyone works every day, as we have no downtown office anymore. Schools in Elmhurst have declared a snow day, including Timothy Christian, where JLN intern […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The SEC finally grudgingly approved spot Bitcoins ETFs for trading yesterday and every media outlet seemed to cover the story. The headlines included Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry – NYT, SEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthrough – […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff You can feel the electricity, the anticipation of the spot bitcoin ETF approval or rejection in the air. So when the SEC X/Twitter account was hacked yesterday and a message was sent saying the ETFs were approved, the markets responded. But then the electricity was […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Later this morning, JLN will publish part one of a three-part series of an Open Outcry Traders History video with veteran trader and market commentator Scott Shellady. Scott is known as the “Cow Guy” for his trading jacket with Holstein cow splotches on it. We […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Andy Lowenthal announced on LinkedIn he has started the “next chapter of my professional life” after officially retiring from Cboe Global Markets after 40 years and 21 roles. He plans for 2024 to travel with his wife Tracey, including today, to the College Football National […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Later today JLN will publish part one of a John Lothian Profiles interview with veteran public relations professional and journalist Andy Yemma, who served as head of corporate communications at the Chicago Mercantile Exchange in the 1980s and early 1990s. Yemma was there for the […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff TMX Group yesterday announced it has completed its acquisition of VettaFi, a leading US-based, indexing, digital distribution, analytics and thought leadership company. It was only a matter of time before Harvard’s President Claudine Gay resigned after her disastrous testimony before Congress and the allegations of […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Welcome to 2024. We start the year with some job news in the industry, including Nick Rustad and Gregg Doud. Also, the CME is looking to add someone to its corporate communications team in Chicago. Additionally, Taraneh Derayati, the CEO at Vermiculus Financial Technology, wrote […]
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