Financials
JLN Bachelier Options Model Virtual Panel Podcast
John Lothian News is presenting the May 14 Bachelier Options Model virtual panel as a podcast.
Everything old is new again
Today, the U.S. Department of the Treasury is picking up where it left off in 1986 with regular issuances of bonds with nominal 20-year maturities. (“Nominal” because the bond will be issued on June 1 and pay out 19+ years later on May 15.) The bonds will pay semi-annual interest.
Electronic Algo Execution Competition Poised for Unique Opportunity
Ten Trades a day in the last four to five weeks have made up about 50% of the Eurodollar option volume at the CME Group, says Thomas Fitch of RVassets.
The Spread: Quarantined
This week on The Spread, bitcoin option volume spikes as bitcoin craters, the VIX closes at an all-time high due to coronavirus concerns, the NYSE closes its doors as two traders test positive for COVID-19, and more. Transcription Welcome to the Spread, where...
The Spread: MIAX Makes Moves
This week on The Spread – MIAX keeps expanding, Cboe veteran Tom Zagara spins us a yarn about the early days of the exchange, and JLN prepares for the Options Industry Conference in April.
Life and Times of Navinder Sarao
Navinder Sarao pleaded guilty to roughly $13 million worth of spoofing on his first visit to the United States in November 2016. Wearing leg irons and an orange prison jumpsuit in a Chicago federal court, Sarao was freed on bail pending final sentencing, which occurs today, January 28, 2020.
Bill Dudley – Open Outcry Traders History Project
Bill Dudley sat for an interview for John Lothian News’ MarketsWiki Education Open Outcry Traders History Project.
A Cost-Benefit Analysis of the CFTC Case Against Jitesh Thakkar, Part I
Cost-benefit analysis is an important part of the regulatory process and even more so after Dodd-Frank became the law of the land. The CFTC does not have an unlimited budget, though it is attempting to throw the legal version of the kitchen sink at Jitesh...
Gary Sagui – Open Outcry Traders History Project
Gary Sagui started his career at Harris Bank in the foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance meeting at a cocktail party for the failed firm and Paine Webber, which took over his firm, introduced him to Bill Dudley.
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. One of the biggest changes the industry is facing is the transition from LIBOR to other...
Letter to JLN from Vivek Sharma in Support of Jitesh Thakkar
Editor’s note: John Lothian News received the following letter from Vivek Sharma, a former employee of Edge Financial, the firm owned by Jitesh Thakkar. Sharma has also worked for the National Futures Association as a quantitative analyst in...
Justice for Jitesh; CFTC Should Drop Civil Charges and Apologize
I have created a petition titled "Justice for Jitesh: CFTC Should Drop Civil Charges and Apologize" on Change.org. Here is a link to sign the petition: Justice for Jitesh Petition. I ask you to read and please sign this petition. My hope is go...
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....
The Highest Paid Grip in Chicago and Parts Beyond
Friday I was the highest paid “grip” in Chicago as I helped drag JLN’s video and lighting equipment to the Wrigley building in Chicago on Michigan Avenue for a video shoot with American Financial Exchange CEO Richard Sandor and Wedbush...
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 Forrester ...
John Lothian Newsletter
Today's Newsletter
The World’s Oldest Exchange Is Europe’s Hottest Listing Venue; Battle for Hong Kong Is Shifting to City’s Financial Markets
First Read Hits & Takes By JLN Staff Today we have published the Open Outcry Traders History Project video of James Gordon of Straits Financial LLC. Gordon spent eight years on the Cboe trading floor with Timber Hill. His is the first video...
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JLN Options Newsletter
Today’s Newsletter
Battle for Hong Kong Is Shifting to City’s Financial Markets; S.Korea will respond if FX volatility spikes over U.S-China tensions – finmin
Lead Stories Battle for Hong Kong Is Shifting to City's Financial Markets Sofia Horta e Costa and Richard Frost - Bloomberg Hang Seng Index has worst month versus world since 1998; Mainland funds are helping shore up city's battered stocks The...
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