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

Industry News supplied by John Lothian

Date: May 31, 2024

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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Minor system issue hits DTCC’s night cycle processing on first day of T+1; Can Billions in New Subsidies Keep Family Farms in Business?

Industry News supplied by John Lothian

Date: May 30, 2024

First Read Hits & Takes John Lothian & JLN Staff Today we have part one of a three part video interview with former CQG President Josef Schroeter. I am a longtime CQG user and it was interesting to hear first hand the history of the company from the change agent who was hired in 2000 […]

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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

Industry News supplied by John Lothian

Date: May 29, 2024

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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What faster trading cycles will mean for US markets; Wall Street Returns to T+1 Stock Trading After a Century

Industry News supplied by John Lothian

Date: May 28, 2024

First Read Hits & Takes John Lothian & JLN Staff Today we have another video from our coverage of the Options Conference, an interview with Cboe’s Henry Schwartz. We also have an interview with Pedro Gurrola-Perez, head of research for The World Federation of Exchanges, who talks to us about the recent paper, “The effect […]

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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

Industry News supplied by John Lothian

Date: May 24, 2024

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

Industry News supplied by John Lothian

Date: May 23, 2024

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

Industry News supplied by John Lothian

Date: May 22, 2024

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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Speedier Wall Street Trades Are Putting Global Finance On Edge

Industry News supplied by John Lothian

Date: May 20, 2024

First Read Hits & Takes John Lothian & JLN Staff Today we have part three, the final segment, of our Open Outcry Traders History Project interview with George Hanley. Hanley talks about some of the educational and charitable endeavors he has funded to promote trading, ESG and democracy. He also relates how lucky he has […]

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Wildfires rage in Canada’s oil hub

Industry News supplied by John Lothian

Date: May 17, 2024

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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Futures exchange CME plans to launch bitcoin trading

Industry News supplied by John Lothian

Date: May 16, 2024

First Read Hits & Takes John Lothian & JLN Staff The recent case of two MIT students allegedly stealing $25 million by exploiting a bug in the Ethereum blockchain, reported by ARS Technica, is a stark reminder of the vulnerabilities inherent in even the most advanced technologies. This novel crime, executed in just 12 seconds, […]

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T+1 will not be a ‘slam dunk’ for ETFs, industry insiders warn

Industry News supplied by John Lothian

Date: May 14, 2024

First Read Hits & Takes John Lothian & JLN Staff Sometimes Hollywood movies inspire real-life technological advancements. Remember the communicators from Star Trek? I had a Motorola StarTAC, released in 1996. It was one of the first flip phones, drawing design inspiration from the communicators used by characters in the original “Star Trek” TV series. […]

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US shale companies accused of collusion over oil price

Industry News supplied by John Lothian

Date: May 13, 2024

First Read Hits & Takes John Lothian & JLN Staff At the request of IncubEx Chairman Neil Eckert, JLN has removed the video we conducted with him that was part of The History of Environmental Trading from the JohnLothianNews.com website. The interview, part of a historical series, was conducted in 2022, but not edited until […]

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More Regulators Eye Whistleblower Award Programs Hoping for Insider Tips

Industry News supplied by John Lothian

Date: May 9, 2024

First Read Hits & Takes John Lothian & JLN Staff On May 16, 2024, the Federal Bar Association’s Chicago Chapter will convene at DLA Piper’s downtown offices for a pivotal seminar titled “Hot Topics and Current Trends in Federal Criminal Law.” This afternoon event, scheduled from 1:00 PM to 4:30 PM, promises an in-depth exploration […]

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