Posts written by Patrick Lothian

JLN PRESS ROOM PICK OF THE WEEK MORE EXCHANGES DECELERATE DRIVE FOR SPEED, EXPERIMENT WITH MINUSCULE DELAYS After a prolonged drive to be the fastest to execute trades, more exchange operators are experimenting with speed bumps, or fractional...

JLN PRESS ROOM PICK OF THE WEEK MARC NAGEL – OPEN OUTCRY TRADERS HISTORY PROJECT Marc Nagel is a derivatives consultant, lawyer, CPA and expert witness. He also spent 26 years as a pit trader at the Chicago Board of Trade. He sat for an...

JLN PRESS ROOM PICK OF THE WEEK Options markets to get liquidity boost A new rule finalized last month by the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency might make it...

JLN PRESS ROOM PICK OF THE WEEK Bank of England confirms high-speed traders hacked audio feed The Bank of England has confirmed an internal audio feed of press conferences was hacked by high-speed traders seeking early access to information...

JLN PRESS ROOM PICK OF THE WEEK Ken Griffin Has Another Money Machine to Rival Hedge Fund Citadel Securities is sometimes dismissively referred to as “Citadel’s trading arm” -- seen as a forgotten backwater of Ken Griffin’s hedge fund empire,...

JLN PRESS ROOM PICK OF THE WEEK Alan Palmer – Open Outcry Traders History Project Alan Palmer came to the exchange as a 13-year-old and fell in love. He was hired the next summer as a runner on the trading floor. He has traded at the...

JLN PRESS ROOM PICK OF THE WEEK Georgia Governor, Trump Appear at Odds Over Senate Pick President Trump quietly met Sunday in the White House with Georgia Gov. Brian Kemp and the governor’s preferred pick to fill the state’s Senate seat,...

JLN PRESS ROOM PICK OF THE WEEK Chicago trading titan Don Wilson says Libor’s obituaries are premature (Bloomberg)—Chicago trading legend Don Wilson suspects the scandal-tainted Libor interest-rate benchmark is going to stick around past its...

JLN PRESS ROOM PICK OF THE WEEK Gary Sagui – Open Outcry Traders History Project Gary Sagui started his career at Harris Bank in foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance...

JLN PRESS ROOM PICK OF THE WEEK FIA Expo Day Two: Alternatives to LIBOR Transitions, disruptions and outright change are not new to the futures and options industry, but at this year’s FIA Expo, those themes seemed to loom especially large.v...

JLN PRESS ROOM PICK OF THE WEEK “There Is Definite Hanky-Panky Going On”: The Fantastically Profitable Mystery of the Trump Chaos Trades In the last 10 minutes of trading at the Chicago Mercantile Exchange on Friday, September 13, someone got...

JLN PRESS ROOM PICK OF THE WEEK U.S. online brokers still profiting from 'dumb money' NEW YORK (Reuters) - People who trade stocks online cheered last week when several large retail brokers slashed stock-trading commissions to zero, a move made...

JLN PRESS ROOM PICK OF THE WEEK Documents unsealed in CFTC v Kraft On Wednesday, October 2, the Chicago federal district court unsealed 500 hundred pages of documents in the contempt of court dispute between the CFTC and Kraft Foods and...