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 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.
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 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.
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...
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.
The last time JJ Kinahan attended the Options Conference he was with TD Ameritrade, which years before had bought the firm he worked for, Thinkorswim. Kinahan recently rejoined the owners of Thinkorswim in their new firm, tastytrade, as chief market strategist and vice president.
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.
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.
Greenwood Project Founder and Executive Director Bevon Joseph was interviewed by John Lothian News at the 2022 Options Conference in San Antonio, TX about the progress of the program and the success the young people in it are experiencing.
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.
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.
Eventus Systems’ CEO Travis Schwab has been coming to the FIA conference in Boca Raton for 20 years and said it was great to be back to seeing clients in person again this year. Schwab spoke with John Lothian News at the conference about Eventus’ marketing, regulatory and volatility challenges, and the burgeoning crypto field.
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.
First Read Hits & Takes John Lothian & JLN Staff 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...
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...