Americas

Marjorie Jane Lothian, October 9, 1930 – November 15, 2022

Marjorie Jane Lothian, October 9, 1930 – November 15, 2022

Marjorie Jane (Knilans) Lothian. 92, of Williams Bay, Wisconsin and Sarasota, Florida and formerly of Glenview, IL died November 15, 2022. She was born in Janesville, Wisconsin on October 9, 1930 to Arthur John and Elsie Emily (Langholff) Knilans. Marge married David Rogers Lothian, Sr. on August 4, 1956 in Janesville, WI and she and Dave had three children, Scott, John and David, Jr. 

She is survived by all three sons, their wives and eight grandchildren and one great grandchild: Scott (Barb) Lothian, John (Cheryl) Lothian, David, Jr. (Rebecca) Lothian, Ryan (Megan Toal) Lothian, Patrick (Amanda McCune) Lothian, Andrew Lothian, Timothy Lothian,  Katherine Lothian, Robert Lothian, Victoria Lothian, Sarah Lothian and Cecelia Lothian. 

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile Saw the Potential of Financial Futures and Helped Make Them A Success

John Vaile had an aunt who invested in the stock market who bought Vaile some stock when he was 10 years old and that experience caused him to want to be a stockbroker. As a result, Vaile became a student of the market.

He went to a couple of different colleges in Illinois, then ended up in a program at Wharton for students who did not graduate from college. 

Vaile was working for Morgan Stanley and living in Lake Geneva, WI, surrounded by friends in the futures markets and he wanted to get involved with what was happening. He said he badgered Morgan Stanley to get involved. They gave him permission, but he said he could see how long it would take for them to truly become involved and he did not have the patience for that.

Is the era of the traditional FCM model coming to an end?

Is the era of the traditional FCM model coming to an end?

No, at Abaxx Exchange we don’t believe the era of the traditional FCM model is coming to an end, nor should it be. However, the recent Risk.net article “Brokers slam CME over ‘conflict of interest’ in FCM plan’ made us realize that not everyone may feel the same way, and we need to make our case for the raditional FCM model.

Some exchange groups ranging from the largest that date back more than a century to the digital asset focused upstarts have asserted that risk mutualization processes — currently favored and handled by FCMs — can and should be disintermediated.

Brian Hyndman’s Path To Electronic Trading Began Early

Brian Hyndman’s Path To Electronic Trading Began Early

Brian Hyndman wanted to be a stockbroker growing up and that is what he became, starting out by working for Waterhouse Securities. But his career would be driven by the innovations and new technologies adopted by the markets and he would play a central part.

Tom Kadlec Retirement Party in Pictures

Tom Kadlec Retirement Party in Pictures

ADMIS President Tom Kadlec is retiring at the end of June and on June 15 the firm held a retirement party for him on the rooftop deck of the CBOT Building, attended by ADM and ADMIS personnel and others from around the derivatives industry. Kadlec was presented with a...

Craig Iseli Talks SpiderRock History and Growth in JLN OIC 2022 Interview

Craig Iseli Talks SpiderRock History and Growth in JLN OIC 2022 Interview

JLN interviewed Craig Iseli of SpiderRock at the 2022 Options Conference in San Antonio, Texas. We asked Iseli how SpiderRock started and what his role is. Iseli started running the business side of the firm and his business partner George Papa ran the trading side. Today, Iseli is the chief operating officer and Papa is the CEO. 

Cboe’s Arianne Adams Brings the Outside Experience Into Cboe

Cboe’s Arianne Adams Brings the Outside Experience Into Cboe

Arianne Adams, formerly Arianne Criqui, came to Cboe Global Markets after spending more than eight years at Goldman Sachs, so JLN asked her, How did watching the Cboe from the outside help you with your job?

JLN interviewed Adams at the 2022 Options Conference in San Antonio, Texas.

XFA’s Bill Looney Talks Pandemic Changes in Markets to JLN at OIC 2022

XFA’s Bill Looney Talks Pandemic Changes in Markets to JLN at OIC 2022

Bill Looney of broker XFA was interviewed by JLN at the 2022 Options Conference in San Antonio, Texas about how the firm responded to the pandemic and changes in the markets since March 2020. 

He spoke about how XFA, which caters to the floor markets, had a robust S&P 500 business at the CME that was shut down when the CME closed the trading floor because of the pandemic. However, when the CME reopened the trading floor, they didn’t reopen the S&P 500 trading pit and XFA was not sure how its clients would respond. 

Cboe’s Rob Hocking talks Nanos and new tools for the retail investor

Cboe’s Rob Hocking talks Nanos and new tools for the retail investor

Rob Hocking, senior vice president, head of derivatives strategy at Cboe Global Markets, met with John Lothian News at FIA Boca 2022 to discuss the explosive growth of retail investors and the launch of Nanos, a lower-stakes option that Cboe has created to open the world of options trading to a wider audience.

SGX Group’s Michael Syn on remote work, internationalization, and maintaining SGX market fluency

SGX Group’s Michael Syn on remote work, internationalization, and maintaining SGX market fluency

The Singapore Exchange (SGX) is the largest US dollar clearinghouse in Asia, and it is the largest RMB clearing house in the world outside of China. The work of SGX in 2022 is to maintain its position of fluency in dollars, euros, sterling and RMB, making sure access is open to participants from around the world, said Michael Syn, senior managing director and head of equities at SGX.

CFTC Chairman Rostin Behnam Gears Up for Full CFTC

CFTC Chairman Rostin Behnam Gears Up for Full CFTC

Rostin Behnam had the advantage of being a CFTC commissioner since 2017 before being confirmed as chairman in December of 2021, giving him insight into the organization and good working relationships with its staffers.

JLN spoke to Behnam at the International Futures Industry Conference in Boca Raton, Fla., about the start of his chairmanship and what he hopes to accomplish.

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The Spread

Wall Street’s Booming ETF Market Is On Brink of Record Launches

Observations & Insight Trabue Bland, SVP, Futures Markets at ICE, has written a paper titled "Why financial participants matter to the commodity markets." The chapter topics of the paper include "How derivatives work" and "Participation in the derivatives...

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