First Read Hits & Takes John Lothian & JLN Staff Trabue Bland, the thoughtful and cheerful senior vice president of ICE Futures Exchanges, has written a thought leadership piece titled “The globalization of natural gas gains momentum.” The subheadline is “Geopolitical shifts and a tight LNG market heighten the need to manage price and supply […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The CME Group member class action lawsuit has lost its judge, as the Honorable Celia G. Gamrath, Judge of the Circuit Court of Cook County, has been appointed by the Illinois Supreme Court to the First District Appellate Court. She is filling the unexpired term […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff My wife’s birthday is this week, so on Saturday we went to the Barry Manilow concert at the Allstate Arena in Rosemont, IL. Cheryl had seen the now 81-year-old singer/performer twice before we got married in 1989. Manilow put on an excellent performance, which was […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff One of the reasons I decided to build MarketsWiki was the differences in language between the converging worlds of futures and securities. However, with the new crypto world that has emerged, we have so much new language. Today as the lead we have a story […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Henry S. Shatkin‘s funeral will be tomorrow, July 26, at 11:00 a.m. at the Chicago Jewish Funerals in Skokie, 8851 Skokie Boulevard. The service will also be livestreamed. The burial is directly after the service. After the burial, the shiva will be held at Henry’s […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Sad news this morning; the legendary CBOT trader, member and brokerage executive Henry Shatkin passed away yesterday. A source indicated Shatkin was active right up until the end, swimming the day before. Shatkin owned several different futures commission merchants that catered to floor traders and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The U.S. Presidential race was swinging towards Donald Trump. The markets were showing the “Trump Trade” and the Democrats were at Joe Biden’s heels to end his race for the Democratic nomination for President. He stepped down and Kamala Harris was endorsed and the Trump […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Well, this is the kind of thing that can disrupt a summer vacation for senior executives. According to The Wall Street Journal, global financial-services companies are grappling with the effects of a CrowdStrike outage impacting Microsoft Windows, though financial markets remain mostly functional. Visa is […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The SEC let loose with a humdinger of an opinion yesterday, one where it was hard to keep the players straight. In one corner is BOX Exchange, a national securities exchange registered with the SEC. BOX Exchange oversees BOX Market, a facility of the exchange […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Miami International Holdings, Inc. (MIH) announced that the SEC has approved MIAX Sapphire LLC’s application to become a national securities exchange. MIAX Sapphire, MIH’s fourth national securities exchange for U.S. multi-listed options, will feature both an electronic exchange, launching on August 12, 2024, and a […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Rep. Jennifer Wexton (D-Va.), who has been battling a degenerative disease that has severely weakened her voice, recently introduced a new, AI-generated version of her speaking voice to her constituents, The Washington Post reported. This development was met with emotional reactions, as it closely resembles […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The weekend was full of the deaths of famous people: Dr. Ruth Westheimer, Richard Simmons, James Sikking, star of the TV show ‘Hill Street Blues’, and Beverly Hills 90120 TV star Shannon Doherty, as well as the unsuccessful assassination attempt of former President Donald Trump. […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The Wall Street Journal reported that AT&T announced that a hacker downloaded call and text-message metadata covering almost all of its wireless subscribers from a third-party cloud system. The data breach, primarily involving information from 2022, did not include personal details such as names, credit […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Bloomberg’s Katherine Doherty is making waves this week with her impactful reporting, with her second story, co-written with Sridhar Natarajan, as the lead story in the John Lothian Newsletter. After breaking exclusive news about Ed Tilly joining Clear Street, she now delivers another significant story […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Strangely, it is time to go long shorts. The Financial Times is reporting, “World in line for hottest year as 1.5C limit breached for 12 months in a row.” The FT reported that “this year was on track to become the warmest on record as […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff I had heard a rumor that Ed Tilly was sporting a beard and mustache and sure enough when he popped up on my Zoom screen yesterday for an interview, there he was with a gray beard and dark mustache, peppered with gray. I guess when […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff ForecastEx, LLC is getting some press today from the Financial Times in a Jennifer Hughes story titled “Prediction markets tipped for new growth as US trader interest mounts” with the subheadline “Involvement by Interactive Brokers and Susquehanna boosts finance-related event contracts.” This story follows my […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff The day after the USA celebrated its independence from Great Britain, the United Kingdom elected new leadership in a landslide election for the Labour party. Thus ended the 14-year run in power of the Tories, with the longest serving prime minister during that time being […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff On July 11, 2024, the 10th Annual NIBA/DePaul University Summer Symposium, titled “AI Evolution,” will take place in Chicago, IL, from 1:45 to 5:00 pm CDT, followed by a reception from 5:00 to 6:30 pm CDT. Sponsored by Michael Coglianese, CPA, Greenberg Traurig Law, and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff In a commentary I published last night titled “John Lothian Reflects on Physical Challenges and Biden’s Debate Performance,” I reflected on my own physical limitations and the travel difficulties I experienced on my recent trip, drawing comparisons to President Joe Biden’s recent debate performance and […]
Read articleFirst Read Hits & Takes John Lothian & JLN Staff Today is the day Robbert Booij officially becomes the CEO of Eurex AG. Booij is now the CEO of Eurex Frankfurt AG, succeeding Michael Peters. Booij will lead Eurex alongside Erik Muller, CEO of Eurex Clearing AG, focusing on trading, clearing, and risk management with […]
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