Banks, Brokers & Managed Funds

The FIA sure knows a Hall of Fame Way to say ‘I love you’ on Valentine’s Day

The FIA sure knows a Hall of Fame Way to say ‘I love you’ on Valentine’s Day

The FIA sure knows how to say I love you on Valentine’s Day. Shortly after the newsletter was published yesterday, the FIA sent a press release announcing the names of the 2024 inductees into the Hall of Fame and my name was on the list. 

OK, I knew I was being named already because I was on the committee that picked the inductees. For the record, the committee did not hold a vote name by name, so I did not have to recuse myself on the vote. 

I was very pleased that two people I nominated were named to the Hall of Fame. This is not to say other people did not nominate these two also, but I nominated Leslie Sutphen and Wiliam J. Mallers, Sr. for the Hall of Fame. Mallers is a former employer of mine when I was at First American Discount, a firm he founded. 

From Open Outcry to Electronic Evolution: Insights from Marcus Goi, CEO of Orient Futures International

From Open Outcry to Electronic Evolution: Insights from Marcus Goi, CEO of Orient Futures International

n an Open Outcry Traders History Project interview conducted in Singapore during the FIA ASIA week, Marcus Goi, managing director and CEO of Orient Futures International, shared his career journey and insights into the evolution of electronic trading. The interview took place at SGX’s offices, with Robert Lothian from John Lothian News conducting the interview.

Rich Repetto Reflects on a Research Career Analyzing Electronic Trading

Rich Repetto Reflects on a Research Career Analyzing Electronic Trading

John Lothian News recently interviewed the recently retired Piper Sandler Managing Director Rich Repetto for the John Lothian Profiles video series. The interview coincided with Repetto’s recognition by the charity Tuesday’s Children. Repetto shared insights from his career journey in the financial industry, which started rather late. Repetto began work on a Wharton MBA at age 36 after graduating from West Point and serving in the U.S. Army as a helicopter pilot for five years. At Wharton he took every finance class he could to catch up, he said.

FIA Tech CEO Nick Solinger Discusses Partnership with eClerx to Boost Trade Data Network and Launch of Help Desk

FIA Tech CEO Nick Solinger Discusses Partnership with eClerx to Boost Trade Data Network and Launch of Help Desk

In a video interview with John Lothian News, FIA Tech CEO Nick Solinger discussed the recently announced partnership with eClerx to enhance its Trade Data Network (TDN) and the launch of a collaborative help desk.

Solinger described TDN as an industry initiative designed to consolidate diverse data sources in the exchange-traded derivatives market. This market’s diversity, with firms trading across global exchanges using different systems, often led to operational disruptions during high-volume days or unexpected events such as conflicts or shifts to remote work due to COVID-19.

Reviving Birmingham-Southern: Dan Coleman’s Journey to Save a Struggling College

Reviving Birmingham-Southern: Dan Coleman’s Journey to Save a Struggling College

Dan Coleman left KCG after it was acquired by Virtu Financial and moved back to Birmingham, Alabama to contemplate his future. He reached out to a local college, Birmingham-Southern, whose board he once served on. Little did he know he would soon end up as its president. 

While waiting for the Virtu deal to close, Coleman called the college and asked what was going on there. This led to a conversation during which he was hired as a college professor teaching investments. He dove into the text book for the class and found it was the same one he had studied in 1993 when he was an undergraduate. Coleman sensed that some of his knowledge was out of date and decided to take a class in computer programming using Python, as well as one in mathematics. In the spring he took more Python and actuarial math, a subject he wishes he had studied earlier, he said. 

IMX CEO Jim Plante Discusses the Path Forward After CFTC Approval

IMX CEO Jim Plante Discusses the Path Forward After CFTC Approval

Jim Plante, the CEO of IMX, in a recent interview with John Lothian News, discussed the next steps for the healthcare-focused futures exchange after receiving approval from the CFTC. IMX’s target launch is in the second quarter of 2024, and Plante said the next challenge is the ongoing process of onboarding futures commission merchants to the exchange. IMX is also working on finalizing its initial product offerings, which will undergo regulatory approval. IMX plans to make significant announcements regarding index licensing partnerships related to healthcare futures contracts. Plante emphasized that the healthcare industry, which constitutes nearly 20% of the economy, involves natural market players on both sides, including healthcare service providers, pharmaceutical companies, and health insurance providers, necessary components for a healthy futures market.

Amanda Cain – John Lothian Profiles – Part Two

Amanda Cain – John Lothian Profiles – Part Two

In a part two of her interview with John Lothian News for the John Lothian Profiles series, Amanda Cain discussed her founding of Male Allies for Women within the Americas Women’s Network. This initiative seeks to address gender diversity issues in corporate environments, particularly focusing on promoting women to director-level roles and above.

Scott Shellady Open Outcry Traders History Project Full Podcast

Scott Shellady Open Outcry Traders History Project Full Podcast

Scott Shellady, known as the “Cow Guy,” discussed his journey from playing football at the University of Colorado to becoming a successful trader and market commentator with John Lothian News in an Open Outcry Trader History Project Interview. He encountered a roadblock in his initial attempt to pursue a degree in finance, so he started out studying art. He was later able to switch to finance as he experienced success in football. He was reluctant at first to follow in his father’s footsteps to the Chicago Board of Trade, but eventually he decided to explore his father’s world of trading at the CBOT.

Scott Shellady – Open Outcry Traders History Project – Part Three

Scott Shellady – Open Outcry Traders History Project – Part Three

In part three of his Open Outcry Traders History Project Interview, Scott Shellady recalled the humbling experience of making a trading error when he sold Swiss futures instead of Lira futures due to a misunderstanding of the trading language. He highlighted how such experiences in the pits taught him the importance of understanding market jargon and being aware of the nuances of each trading floor.

Scott Shellady – Open Outcry Traders History Project – Part One

Scott Shellady – Open Outcry Traders History Project – Part One

Scott Shellady, known as the “Cow Guy,” discussed his journey from playing football at the University of Colorado to becoming a successful trader and market commentator with John Lothian News in an Open Outcry Trader History Project Interview. He encountered a roadblock in his initial attempt to pursue a degree in finance, so he started out studying art. He was later able to switch to finance as he experienced success in football. He was reluctant at first to follow in his father’s footsteps to the Chicago Board of Trade, but eventually he decided to explore his father’s world of trading at the CBOT.

DTCC’s Chris Childs on the Prospect of Trade Reporting 2.0

DTCC’s Chris Childs on the Prospect of Trade Reporting 2.0

In a recent interview, John Lothian of John Lothian News spoke with Chris Childs, managing director, repository & derivatives services at DTCC, about the evolution of trade reporting and the prospects of Trade Reporting 2.0. The discussion touched upon the history of trade reporting, the importance of data standardization, and the challenges of sharing data across jurisdictions.

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The Market’s Fear Gauge Is Signaling Trouble. What to Expect

Observations & Insight Asma Awass has given her notice as editor of Options Discovery. We want to thank her for her great work. She is only 19 years old and was recruited by Alex Teng, who was a very hard act to follow. Alex recruited Asma from the UIC boxing...