Exchanges/OTC & Clearing

The CMW Podcast Episode 3: A Speculative Streak

Bill Ulivieri, former CBOE market maker and Principal of Cenacle Capital Management LLC, is a veteran of the industry who's done it all - including crypto trading. Ulivieri joins Matt at the JLN studio to discuss the benefits and shortcomings of digital assets as a store of value, and how he thinks bitcoin fits into the future of global finance.

Matt Raebel | Sep 12, 2019

CFTC v Thakkar: a fishing license

Jitesh Thakkar, the Chicago computer programmer charged with aiding and abetting a market manipulation by supplying software, was back in court on Wednesday. Thakkar’s attorney, Renato Mariotti, presented his motion for summary judgment at least to forestall lengthy discovery by the CFTC.

Thom Thompson | Sep 12, 2019

HKEX and LSE, A Capitalist’s Conundrum

Today's bid by Hong Kong Exchanges & Clearing (HKEX) to buy the London Stock Exchange Group for $36.6 billion is a conundrum in what otherwise would be a continuation of global consolidation among exchanges. But it is muddied by the geopolitical backdrop that could make the London Stock Exchange off limits to certain suitors, especially those under the control of the Chinese government.

Jim Kharouf | Sep 11, 2019

Bakkt readies CME challenge

On Friday last week Bakkt opened the Bakkt Warehouse for its bitcoin custody business, as it prepares for ICE US’s launch of futures trading on September 23. Bakkt is counting on the warehouse to be the unique selling point as it goes head-to-head with the CME’s 21-month old bitcoin futures.

Thom Thompson | Sep 11, 2019

ESG: We’re Only at the Tip of the Iceberg

At FIA IDX 2019 in London, John Lothian News sat down with Clive Furness, the managing director of Contango Markets Ltd., to talk about ESG (environmental, social and governance) and how it fits into commodity and index products, and why it’s a “social revolution” and not a fad.

Jeff Bergstrom | Sep 10, 2019

Leo Melamed – Open Outcry Traders History Project

The first video we are releasing from the Open Outcry Traders History Project is of Leo Melamed. In this video, Leo tells of his start as a law student and runner, how he financed his first membership with help from his father and how many times he went broke. Three. There are lots of great stories from Leo - from how he makes his trading decisions to the impact of his career on his family and what kind of father he was. The Chairman Emeritus of the CME has had a long, history-making career. Here is his story.

Spencer Doar | Sep 5, 2019

Ah, September! Litigation is in the air

This year, early September is back-to-federal-court time in Chicago. Three of our favorite cases have seen some recent action in the Dirksen Building.CFTC v Kraft and Mondelez. Last week, the CFTC asked to move the date of the evidentiary...

Thom Thompson | Sep 5, 2019

OCC Strengthens Financial Resiliency With New Capital Management Policy

In the past few years, OCC has taken steps to strengthen its resilience through a variety of activities including increasing headcount, working to revamp the clearinghouse’s technology stack and altering margin methodologies, to name a few. In this video, OCC Executive Vice President and Chief Operating Officer Scot Warren talks about the OCC’s new capital management policy.

Spencer Doar | Sep 4, 2019

From Grains to Frac Sand to Hemp

If you had told Julie Lerner eight years ago that the commodity trading platform PanXchange, which she was building with sugar in mind, would grow to support the trading of frac sand, East African grains and hemp, she would have said you are nuts.

Spencer Doar | Aug 29, 2019

Richard Sandor: The Man Who Wants To Transform A $9 Trillion Market On Main Street

Jim Kharouf - John Lothian NewsThe American Financial Exchange (AFX) is set to list its first Ameribor futures products - 3-month and 7-day Ameribor futures - on August 16, 2019, the 42nd anniversary of the launch of Treasury bond futures....

Jim Kharouf | Aug 13, 2019

Share Trading Obligations Get Messy – Mark Hemsley, Cboe

The best trading environments feature the best liquidity. But a no-deal Brexit could force some trading into inferior pools of liquidity. In this video, Cboe Europe President Mark Hemsley describes how share trading obligations could alter...

Spencer Doar | Aug 5, 2019

What is going on at LedgerX?

LedgerX may have launched trading on the contract market platform designated by the CFTC in June as reported by the cryptocurrency press on July 31. According to details shared exclusively with CoinDesk, the online news service that broke...

Thom Thompson | Aug 1, 2019

The Case for More Clearing of Treasury Securities

In this video, DTCC Managing Director and Head of Global Public Policy Mark Wetjen reflects on the Treasury flash crash of 2014 and lays out why more Treasury trading activity should involve a central counterparty. Produced by Mike...

Spencer Doar | Jul 31, 2019

The Spread – Put Your Dukes Up

A tongue-in-cheek weekly recap of options news regarding regulation, market participants, market structure, and trends in the industry.

Spencer Doar | Jul 15, 2019

John Lothian Newsletter

Today's Newsletter

Rogue Oil Trader Causes $320 Million Loss at Mitsubishi Corp. Unit

Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesBy JLN StaffThe CME Group's University Trading Challenge registration is open. College students can participate in the challenge, where they can experience the...

Past Newsletters

We visit more than 100 websites daily for financial news (Would YOU do that?)

Free 90 Day Trial

JLN Options Newsletter

Today’s Newsletter

General Motors Strike Unleashes Frenzy of Options Trading; Quadruple Witching Brings Heightened Volumes and, Potentially, Volatility

Get a FREE 90 day trial of John Lothian Newsletter Observations & InsightMary Savoie: The Importance of Investor EducationJohnLothianNews.comIn this video from MarketsWiki Education's World of Opportunity event in Chicago, Mary Savoie,...

Past Newsletters

Everything you need to know about Options Today

Free!