JLN News

Names for Consideration as Chair of the CFTC

Names for Consideration as Chair of the CFTC

I have written a letter to the President of the United States about the need for the U.S. Commodity Futures Trading Commission to have a permanent chair named and confirmed. I have suggested that Rostin Behnam, the current acting chairman of the CFTC, should become the permanent chair of the Commission.

Dear Mr. President: The CFTC Needs A Permanent Chairman, Not An Acting One

Dear Mr. President: The CFTC Needs A Permanent Chairman, Not An Acting One

Because of the importance of cotton to our nation’s beginnings and all the other commodities it residually drove the production of, the U.S. commodity and related derivatives markets are among the most important in the world. I am writing to you today to urge you to appoint a permanent chairperson of the Commodity Futures Trading Commission.

Look! Something New To Spoof

Look! Something New To Spoof

Every month PanXchange publishes some of the summary data they have calculated from hemp trading, collected from their trading platform and reported to them by market contacts. In addition to the indications of the ongoing weakness in many hemp prices, the June Benchmark & Analysis carried a report about what can be taken as a sign of the growing sophistication of the hemp marketplace: Hemp traders are spoofing! (Maybe not a good thing.)

John Walls – The Path to Electronic Trading

John Walls – The Path to Electronic Trading

John Walls is an executive with ADM Investor Services, but he started in the industry like many others of his generation as a trading floor messenger or runner. As a runner on the MidAmerica Commodity Exchange trading floor working for Shatkin Trading, Walls took advantage of nearly every opportunity he was presented with to learn all the different aspects of the markets and futures industry.

BSO Founder & CEO Michael Ourabah Talks Pandemic Telecom Experience and Rebranding the Firm

BSO Founder & CEO Michael Ourabah Talks Pandemic Telecom Experience and Rebranding the Firm

Michael Ourabah is the founder and CEO of BSO, a technology infrastructure provider specializing in connectivity for finance and capital market users. BSO recently embarked on a rebranding after being more of an engineering focused company that was “bad at marketing.” John Lothian News interviewed Ourabah over Zoom about BSO’s rebranding, telecoms in the age of the pandemic, cybersecurity, business as the world reopens, virtual reality and what comes next in technology.

The Innovator’s Dilemma Meets Fertik’s Law

The Innovator’s Dilemma Meets Fertik’s Law

The late author and Harvard professor Clayton Christensen coined the phrase “the innovator’s dilemma” in his popular book by the same name. In the book he describes why some well-run companies lose their dominant market position through the entrance of a competitor with a disruptive technology.

He uses as an example  the personal computer and its smaller, slower disc drives, which  disrupted “big iron” mainframe computers by offering a cheaper solution that was good enough. 

The CME Group’s dominant market position in the U.S. futures market, which some classify as a monopoly, has spawned two separate challengers built on the model of the innovator’s dilemma. The Small Exchange and the Fair Exchange are seeking to disrupt the CME’s dominant position, or at least carve out a place of their own in the U.S. futures market landscape.

THE SPREAD – JUNE 25, 2021

THE SPREAD – JUNE 25, 2021

No summer doldrums this year; Volatility and volume surge; More (single stock) options to choose from; John Lothian weighs in with his take; and Jermal Chandler explains extrinsic value in this week’s options “Term of the Week.”

The Back Office Headaches from Big Volume and How to Manage Them

The Back Office Headaches from Big Volume and How to Manage Them

Daniel Carpenter is the head of sales at Meritsoft, a Cognizant company. John Lothian News interviewed Carpenter about the problems created by high-volume trading from banks, brokerages and other institutions, including how a company tracks the different fees it is paying or collecting from various trades.

The Small Exchange Scores a First With Cannabis Equity Index Futures Contract

The Small Exchange Scores a First With Cannabis Equity Index Futures Contract

The Small Exchange is known for its bite-size futures products aimed at retail customers, including the Small U.S. Dollar, Small Stocks 75 and Small Precious Metals contracts. Its latest product, which was launched on Monday, fits that bill, but Small Cannabis Equity Index futures also make their mark in another way — as the first cannabis-related futures to trade in the U.S.

The Spread – June 18, 2021

The Spread – June 18, 2021

Inflation really is a thing; Small traders are still big; John Lothian weighs in on the current trading landscape; and Nasdaq wins the May options market share race. All in this and the debut of the options “Term of the Week” in The Spread.

Walt Lukken and Nick Solinger Explain FIA Tech Investor Deal

Walt Lukken and Nick Solinger Explain FIA Tech Investor Deal

FIA Tech announced yesterday a deal to take on 10 global banks as investors in the company in order to grow the for-profit FIA-affiliated firm. John Lothian interviewed FIA Chairman and CEO Walt Lukken and FIA Tech President and CEO Nick Solinger over Zoom about the deal. 

Meet El Salvador, Newest Bitcoin Paradise

Meet El Salvador, Newest Bitcoin Paradise

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.  

Peter Harrigan – Open Outcry Traders History Project – Part Two

Peter Harrigan – Open Outcry Traders History Project – Part Two

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.

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Exchange operator Cboe tops profit view, grows footprint

Exchange operator Cboe tops profit view, grows footprint

Lead Stories Exchange operator Cboe tops profit view, grows footprint John Mccrank and Niket Nishant - Reuters Cboe Global Markets Inc on Friday reported second-quarter earnings above Wall Street expectations, helped by both transactional and non-transactional...

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