On Saturday, June 5, President Nayib Bukele of El Salvador announced that he would ask his country’s legislature to declare bitcoin “legal tender” in the country. This statement was part of a pre-recorded presentation to Miami, Florida’s Bitcoin 2021 conference.
Eurex launched small versions of its most popular broad based stock indexes. We spoke about them with Executive Board Member Randolf Roth, who is head of equity and index derivatives at the popular exchange.
In the second of a two-part interview with John Lothian for the Open Outcry Traders History Project, Chicago attorney Sheldon Cohen reminisced about his long tenure on the trading floor and in exchange management, beginning in the 1970s.
Peter Harrigan capped off his career as a floor trader on the CME and the Pacific Exchange in the middle of a bear market in 2002. Since then, he’s managed money, helped start up an AI company and traded cryptocurrencies, but he continues to speak fondly of his floor days, even the challenging ones.
In Part Two of Robin Trott – The Path to Electronic Trading, Trott talked about how block trade and call-around markets developed in Europe. Platforms were rushing to write to all of the individual European markets. There were a large number of them back then.
Attorney Sheldon Cohen started out his trading career as a risk manager for Goldberg Brothers, a CBOT clearing firm that was later sold to LIT Holdings, and eventually began trading at the Midwest Stock Exchange. He bought his own seat at the Chicago Board Options Exchange (CBOE) in 1976.
Peter Harrigan is the co-founder and current CEO of Grey Swan Digital, a company that creates and trades customized derivatives. Growing up in the 1960s and 1970s he wanted to become an astronaut. His career path later rocketed in a different direction, taking him to Chicago’s trading floors.
Robin Trott started out as an undergrad studying philosophy and politics, but it was the peak of the dotcom bust and he realized that wasn’t very practical. So he got a Master’s degree and got on the technology and operations graduate scheme at JP Morgan.
After what seems like forever, PanXchange’s Benchmarks & Analysis finally reports an uptick in May prices for CBD biomass as well as a wide variety of refined products. Non-CBD hemp prices are also flashing green now.
Donald MacKenzie, a professor of sociology at University of Edinburgh, became fascinated with high-frequency trading 10 years ago, specifically about the alpha involved in speed. John Lothian News interviewed Professor Donald MacKenzie over Zoom about his new book “Trading at the Speed of Light; How Ultrafast Algorithms are Transforming Financial Markets,” published by Princeton University Press.
An Old Idea to Start a New Revolution In a recent JLN interview, Donnie Roberts, the CEO of the Small Exchange, said he “want(ed) people to join a bit of a revolution that we feel we have started.” If Roberts is going to succeed, he is going to have to put on his...
Bradley Rotter has been a pioneer in financial futures, hedge fund investing and cryptocurrencies. He was on the trading floor of the Chicago Board of Trade when financial futures were just getting started. He convinced Merrill Lynch they needed a financial futures expert and was hired, then later moved to New York to work for EF Hutton before returning to Chicago to become the floor manager for AG Becker & Co. when bonds were first traded in the old South Room of the CBOT.
MIAX Futures President Joseph Ferraro talks about the May 24 launch of MIAX corporate tax futures. He also details the planned expansion of MIAX futures offerings, the role of the exchange operator’s broad geographic base and where cryptocurrency trading fits into the MIAX mix.
Leo Melamed has lived a life worthy of multiple autobiographies. And he now has written his latest, “The Man of the Futures.” The book encompasses all that occurred in his life and work since 1996, when he published “Escape to the Futures.” A lot has happened in that quarter of a century, and many of Melamed’s dreams and the predictions he made have been realized.
First Read $42,416/$300,000 (14.1%) Bruce Sunderland ++++ Hits & Takes John Lothian & JLN Staff The character actor Ned Beatty has died at the age of 83. He acted in 150 movies, including the iconic "Network." While the movie Network might be better known for...
Observations & Insight ****JJL: The CME Group has issued the following notice: "Amendments to and Delisting of Certain CME and CBOT Products in Connection with the Elimination of Most CME and All CBOT Open Outcry Trading Pits and Related Frequently Asked Questions...