Todays Newsletter
First Citizens to Buy SVB After Biggest Bank Failure Since 2008
First Read Hits & Takes John Lothian & JLN Staff This morning we have the first of the videos from our FIA Boca coverage and we start out with our interview with CFTC Chairman Rostin Behnam. We also have an interview with IMC Marketing Manager Steven Biester,...
John Lothian Newsletter
We visit more than 100 websites daily for financial news (Would YOU do that?)
John Lothian Newsletter
Exchanges Globally Agree Framework for Green Equities
First Read Hits & Takes John Lothian & JLN Staff The CME Group is holding a WTI Futures Trading Challenge from March 26 to 31 to commemorate 40 years of the most liquid oil futures benchmark contract. You get to practice trading WTI in a risk-free environment...
Wall Street Eases Hiring Freeze in Grab for Credit Suisse Talent
First Read Hits & Takes John Lothian & JLN Staff The U.S. Securities and Exchange Commission and Gary Gensler decided to play nice with Coinbase and notify them they may soon face an enforcement action tied to its list of potential unregistered securities,...
JPMorgan Traders Should Get Prison for Spoofing, US Says
First Read Hits & Takes John Lothian & JLN Staff Cheryl and I made it home to Elmhurst late last night after driving straight through from Kennesaw, GA. Now after a day of work, we just have to go to Wisconsin and retrieve our furry beasts (2 dogs) from my...
Investors in limbo land as trust in market rules wavers
First Read Hits & Takes John Lothian & JLN Staff I thought the Swiss were known for their banking skills, but it turns out they will be known for their banking debts. According to Bloomberg, the Swiss bailout of Credit Suisse will cost each man, woman and...
Credit Suisse Bond-Wipeout Threatens $250 Billion Market
First Read Hits & Takes John Lothian & JLN Staff Well that was fun while it lasted and it did not last very long. Number one seeds Purdue and Kansas lost over the weekend in the Men's NCAA basketball championship tournament and broke apart millions of betting...
Wall Street banks to deposit $30bn into First Republic
First Read Hits & Takes John Lothian & JLN Staff Today is one of the most dangerous of all days, a St. Patrick's Day that falls on a Friday. Holiday drinking will meet end of week drinking and the results will not be pretty. Luckily, a much older and wiser man...
How Credit Suisse turned Switzerland’s banking industry into a national embarrassment
First Read Hits & Takes John Lothian & JLN Staff The FIA Boca International Futures Conference is winding down today after a great two-day affair, including the Futures Hall of Fame ceremony last evening. It was an emotional ceremony to see my mentor, Thomas...
Nickel ‘alchemist’ Xiang Guangda aims to work his magic on batteries
First Read Hits & Takes John Lothian & JLN Staff The JLN video team and I shot 15 videos yesterday, starting with Larry Tabb of Bloomberg and ending with Terry Duffy of the CME Group. Duffy's interview followed the exchange leader panel discussion moderated by...
Investor Anxiety Hits a Fever Pitch After Silicon Valley Bank Collapse
First Read Hits & Takes John Lothian & JLN Staff The good people at Quantitative Brokers announced today the unveiling of a revolutionary options execution algorithm for energy and the commodities markets. QB has expanded their popular Striker algo execution...
SVB, Signature Bank Depositors to Get All Their Money as Fed Moves to Stem Crisis
First Read Hits & Takes John Lothian & JLN Staff If you did not know what SVB was or stood for before today, don't worry, you will know after today. We have "Everything Everywhere All At Once" about SVB right here in JLN, with a hat tip to the Oscars where the...
Main Street investors pressure SEC, confront Wall Street on stock plan
First Read Hits & Takes John Lothian & JLN Staff A letter sent by John Vassallo and Dennis Weinmann of Coquest arrived in my email box with the following message to be shared with you readers: "As you may know, Coquest has been involved in litigation with the...
Trading Technologies acquires AxeTrading
First Read Hits & Takes John Lothian & JLN Staff The Futures Industry Association, in recognition of International Womens' Day, spoke with six female FCM leaders who sit on the global board of the FIA and whose firms represent more than half of all customer...
CTAs are minnows, not whales; Tall trend-following tales
First Read Hits & Takes John Lothian & JLN Staff The Financial Times has put together a movie titled "FTX: the legend of Sam Bankman-Fried" that tries to explain the phenomena of SBF and FTX. More importantly, it tries to explain why everyone (but CME's Terry...
How Citadel harnessed the weather to claim hedge fund crown
First Read Hits & Takes John Lothian & JLN Staff Dan Keegan, who JLN recently interviewed for the Options Discovery video series, has offered a tribute to the late Mike Newsham on LinkedIn. Dan knew Mike much better than I did, and he knew him from an earlier...
Clueless Wall Street Is Racing to Size Up Zero-Day Options Boom
First Read Hits & Takes John Lothian & JLN Staff At "The Digital Transformation of Finance" program last night at The John L. Keeley Jr. Center for Financial Services and the Department of Finance at DePaul University, I was introduced to those in attendance...
