In what is likely to be his last FIA Expo address as chairman of the CFTC, Dr. Heath Tarbert spoke for about half an hour on Tuesday morning at this year’s conference which, of course, is being Zoomed around the world.
Commentary
Harris Kay Joins Murphy & McGonigle
The law firm of Murphy & McGonigle has opened a Chicago office staffed by industry veteran Harris Kay. Kay worked with the principals of M&M at a previous firm, so this is a coming home of sorts.
Joe Sullivan’s Influence and Success, Part 2
Wayne Luthringshausen is another person whose career was influenced by the arc of Joseph Sullivan’s option exchange startup crusade to create the Chicago Board Options Exchange.
Joe Sullivan’s Influence and Success
Joseph Sullivan’s life impacted so many others, including many or even most reading this newsletter, because of the successful launch he led of the first new securities exchange since the enactment of the 1934 act that created the U.S. Securities & Exchange...
Tim McCourt from the CME Group – Micro E Mini Options
Tim McCourt, Managing Director and Global Head of Equity Products at the CME Group, discusses the launch, reception, and use of the CME’s new options contracts on its Micro E Mini S&P 500 and Nasdaq 100 futures.
DOJ Obtains Mixed Verdicts in Spoofing Case
A COVID-19 depleted jury returned unanimous verdicts for each of the 17 counts in the criminal spoofing case brought against two former Deutsche Bank traders, James Vorley and Cedric Chanu. The decisions by the eleven jurors were announced late on Friday afternoon at...
David Downey Knows Security Futures Like No One Else
David Downey does not suffer fools well. His statements are very direct and to the point. And he knows when he is right and is willing to point out where regulators and competitors are wrong. Downey is in the process of shutting down OneChicago, but his writings and...
OneChicago to close on September 18 for trading. Long live OneChicago.
Securities futures exchange OneChicago put out a notice to members on August 14 that it would wind down trading operations and stop them entirely on September 18.
OneChicago and Single Stock Futures Helped Make the John Lothian Newsletter
The John Lothian Newsletter started in 2000 as a viral marketing experiment to help me grow my online brokerage business, but also my promotion of Commodity Trading Advisors.
CFTC Dismisses Its Case Against Jitesh Thakkar, Settles With Edge Financial
The CFTC is dropping all charges against Jitesh Thakkar in the anti-spoofing case that grew out of software development work that Thakkar’s company, Edge Financial Technology, performed in 2012 for Navinder Sarao. Sarao made at least $12.8 million by illegal spoofing,...
Spoofing Is Not Just Bluffing: No Zero-Sum Game in Trading
Stepping away from the increasingly settled legal issues around spoofing, we see that business ethicists are also addressing the moral and economic dimensions of spoofing. When we spoke to market participants and experts, defendants of spoofing often analogized it to other trading practices or strategies that are admittedly deceptive.
Hemp Prices Stagnate; Hempcrete Gets Debunked
PanXchange’s July hemp benchmark report was published on Wednesday. If you have been following this space you will not be surprised to learn that hemp prices remain depressed.
Cannabinoids: A Brief Excursion into Neuropharmacology
One of the first things to learn about cannabis is that nobody knows much for sure about it; not about its botany, chemistry or uses. This article brings you a quick overview of a few biochemical aspects of cannabis for human consumption and use. Knowledge about...
The D-Limit Order Type of IEX Has My Support
Most of you know I prefer markets that are listed. You also know I prefer markets that are not dark. I also prefer markets that have many and a multitude of participants, in numbers and size. These are all features of a proposal from IEX before the SEC for its D-Limit...
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2,596 Trades in One Term: Inside Senator Perdue’s Stock Portfolio
First Read $16,711/$300,000 (5.6%) ++++ Celebrate a Legacy of Leadership and Support for the Scouting Movement from the Chicago Financial Community Join Me Thursday at the LaSalle Street Trading Tech Awards Event On Thursday, December 3, 2020 at 5:30 PM, the LaSalle...
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SoftBank abandons its ‘Nasdaq whale’ bets; While OPEC+ Fights, Mexico Wins Over $2 Billion With Oil Hedge
SoftBank abandons its ‘Nasdaq whale’ bets; While OPEC+ Fights, Mexico Wins Over $2 Billion With Oil Hedge
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