John Lothian Newsletter
Todays 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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Edited by John Lothian and the news team, our flagship newsletter provides daily news and commentary about global exchange-traded derivatives, securities and related OTC markets. The newsletter is offered on a voluntary pay basis. If you find it useful, we ask that you pay for it. Free for students and journalists. Subscribe here or make a payment.
Extinction by Algos Threatens Chicago’s Silenced Trading Pits; Wall Street Has Billions to Lose in China From Mounting Tension
First ReadHits & TakesBy John J. LothianTwo friends of JLN have partnered together and yesterday announced a new exchange operator to mainstream digital asset investing and trading. CrossTower Co-founders CEO Kapil Rathi and President Kristin Boggiano,...
How China’s tensions could boost Hong Kong’s exchange; Justice Department Closing Insider-Trading Investigations Into Three U.S. Senators
First ReadHits & TakesBy JLN StaffThe Justice Department has ended the investigation into the stock trades of three U.S. Senators, including Sen. Kelly Loeffler of Georgia, the New York Times reportedA former Commodity News Service colleague of Suzanne...
NYSE Trading Floor Reopens as Lockdowns Loosen Further; Market ‘distress’ over virus sparked emergency Wall St measures
First Read Hits & Takes By John Lothian & JLN Staff On Friday, John Lothian News published a video about a new book from a first time author and longtime industry executive, Margaret Wiermanski. She has penned a murder mystery and...
Brokers shun oil ETF providers over regulatory risks
First Read Cboe's Tilly Outlines Exchange Growth Amid Market Disruption Suzanne Cosgrove - John Lothian News In a webinar interview Thursday, Cboe Global Markets' CEO Ed Tilly said the exchange is contemplating reopening the trading floor next month but will not pull...
The Day Coronavirus Nearly Broke the Financial Markets
First Read Hits & Takes By JLN Staff The Streetwise Professor's latest blog post is titled "Whoops! WTI Didn't Do It Again, or, Lightning Strikes Once" and gives his take on the expiration of the June WTI contract and the current state of the oil market. It is...
Cboe to buy Virtu’s MATCHNow dark pool to expand into Canada
First Read John Lothian Productions Offers FREE Online Video Production Mini-Course Learn How to Shoot Video During Pandemic Stay at Home Time In this era of social distancing and quarantining at home, John Lothian Productions is now offering a FREE "Everything You...
Futures exchange wins new partner for June 1 launch
First Read Update: SAFE Banking Act of 2019 Moves Forward With Heroes Act By Suzanne Cosgrove - John Lothian News The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, legislation introduced by House Speaker Nancy Pelosi, D-Calif., and passed by...
Why isn’t CME offering a cannabis futures contract?
First Read Hits & Takes By John Lothian & JLN Staff Do you want to see something very cool? This is Ellen Sandor's virtual art exhibition. Ellen is the wife of Dr. Richard Sandor. She is a new media artist and founder/director of the collaborative arts group...
New York Stock Exchange to Reopen Trading Floor; Pandemic stirs Wall Street’s social conscience
First Read Hits & Takes By John Lothian & JLN Staff Thank you to Don Wilson, Jerry Hanweck and Lee Betsill for participating in the Bachelier Options Model virtual panel yesterday. It was quick and went well for the most part, though I...
CFTC warns on return to negative oil prices; The dangers of a US-China financial war
First Read FIA Negative Price Webinar Emphasizes Proactive Communications John J. Lothian, Publisher - JLN During the webinar put on yesterday (Wednesday, May 13, 2020) by the FIA about negative prices and their impact, panelists emphasized the...
HSBC Lost About $200 Million in One Day on Gold Market Turmoil; Saudi Aramco’s Stock Trades on a Different Planet
First Read Patience is a Virtue When Looking Toward the Future Suzanne Cosgrove - John Lothian News How do you run a business based on IPOs when the global economy is contracting? Stay calm and look forward to the next generation of stocks. Not...
JPMorgan Extends Banking Services to Bitcoin Exchanges; What the history of market crashes teaches us about the coronavirus crisis
First Read Hits & Takes By JLN Staff JP Morgan has decided to extend banking services to cryptocurrency exchanges, including Gemini and Coinbase. The crypto crowd is sure to crow about the 180 turn from JP Morgan CEO Jamie Dimon's comments about the legitimacy of...
Oil Crash Busted Broker’s Computers and Inflicted Big Losses; He started the day with $77,000 — by midnight, he owed $9 million
First Read Hits & Takes By JLN Staff JLN's Bachelier Options Model virtual panel on Thursday still has some spots left. Register by sending me an email at johnlothian@johnlothian.com You can dig into the problems experienced by Interactive...
April Jobs Report to Show Record Unemployment From Coronavirus
First Read CBD Demand High, Fewer CBD-Hemp Acres Expected in Key States in 2020 Thom Thompson - John Lothian News Hemp can be a confusing, jargon-heavy topic. Please see the "Background" section below for a description of the hemp industry that we hope will help with...
Hong Kong Exchanges CEO Charles Li to Step Down
First Read Hits & Takes By JLN Staff CFTC Commissioner Dan Berkovitz issued a statement this morning calling for the CFTC's Energy and Environmental Markets Advisory Committee to play a role should convergence issues with the CME Group's WTI crude oil contract...
