Todays Newsletter
Investors blocked from betting on US congressional elections by regulator
First Read Hits & Takes John Lothian & JLN Staff Cheryl and I are safely home from Bermuda and The World Federation of Exchanges Annual Meeting. We also celebrated our 34th wedding anniversary, so as the saying goes, happy wife, happy life. Now, back to work....
John Lothian Newsletter
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John Lothian Newsletter
How Xi Jinping is taking control of China’s stock market
First Read Hits & Takes John Lothian & JLN Staff In a keynote address at the World Federation of Exchanges (WFE) General Annual Meeting in Bermuda, CFTC Commissioner Kristin Johnson delivered a thought-provoking speech highlighting the challenges and...
The Ed Tilly scandal at the Cboe is bad news for Chicago
First Read Hits & Takes John Lothian & JLN Staff The new chairman of The World Federation of Exchanges is Loh Boon Chye, chief executive of the Singapore Exchange, and Jos Dijsselhof, chief executive of SIX, has been named vice chair, The Trade reported and...
Cboe CEO Ed Tilly rose from the trading pit to exit the C-suite in scandal
First Read Hits & Takes John Lothian & JLN Staff I had just landed in Charlotte, NC yesterday morning on my way to Bermuda and the WFE's General Annual meeting and I turned off airplane mode on my phone. The first text quickly flashed on my phone with the...
Cboe’s CEO Resigns Over Undisclosed Personal Relationships
First Read Hits & Takes John Lothian & JLN Staff Huge news broke this morning and John is traveling to the WFE General Annual meeting in Bermuda and is unavailable to comment in Hits & Takes. A Cboe press release, along with stories in several major publications,...
Trillion-Dollar Industry Powering Chicago Is at Risk of Leaving
First Read Hits & Takes John Lothian & JLN Staff I am headed to Bermuda tomorrow morning and the newsletter will be in the hands of the capable JLN team to produce and publish. I will contribute what I can tonight. Cheryl and I are flying to Bermuda by way of...
Boom in ‘sustainable’ debt fuels scrutiny of green labels
First Read Hits & Takes John Lothian & JLN Staff The ribbon-cutting, office unveiling party held by Trading Technologies yesterday was a big success, with a good turnout of industry participants, TT alumni and the 7Ridge team. In for a TT board meeting from 7Ridge...
First ETF to trade in zero-day options launches in the US
First Read Hits & Takes John Lothian & JLN Staff Today Trading Technologies unveils their new offices in Chicago while also celebrating being named to "Crain's Chicago Business Best Places to Work 2023." Crain's recognizes firms in Chicago that "according to...
SEC accuses Virtu of failing to protect client trade information
First Read Hits & Takes John Lothian & JLN Staff The Full FX is holding a one day event on the sidelines of the FIA EXPO on October 3 at the Sheraton Grand Chicago Riverwalk from 9:00 AM - 5:00 PM CDT. The event is free to asset managers, corporates, hedge...
Amateurs Pile Into 24-Hour Options: ‘It’s Just Gambling’
First Read Hits & Takes John Lothian & JLN Staff The Spikes futures funeral has been put on hold as MIAX has filed a petition to the Washington, DC Court of Appeals asking them to review the matter. This starts a new 60-day clock that will keep Spikes futures...
European managers relocate staff to meet impending T+1 rules
First Read Hits & Takes John Lothian & JLN Staff It is September 11. There are no words. Only memories. Bells will toll from Ground Zero to Alaska. (NY Post) Today we have an EXPO preview video featuring FIA President & CEO Walt Lukken. Among the details...
‘Dumb Money’ Lampoons Wall Street Titans With a Knowing Eye
First Read Hits & Takes John Lothian & JLN Staff Monday is September 11, and as is tradition, exchanges and communities around the U.S. will hold moments of silence and commemorations of the attacks on the U.S. in 2001. Our apologies for JLN being late to your...
The Fintech Owner Accused of Laundering Drug Money in Huge Bitcoin Scheme
First Read Hits & Takes John Lothian & JLN Staff The FIA and several of its fellow trade associations, which collectively represent European end users of derivatives along with providers of clearing services, have published a joint statement on the European...
Real-Estate Doom Loop Threatens America’s Banks
First Read Hits & Takes John Lothian & JLN Staff I guess I am not going to the FIA Washington Update today at the Union League Club after all. I forgot to register before registration closed, but that does not matter as the fine print for the event says, "This...
Financial exchanges still split on crypto – industry survey
First Read Hits & Takes John Lothian & JLN Staff Did you know that today is "International Day of Charity?" The date of September 5 was chosen in order to commemorate the anniversary of the passing of Mother Teresa of Calcutta, who received the Nobel Peace Prize. Our...
Jon Corzine’s Critics Want Him Banned From Futures Trading
First Read Hits & Takes John Lothian & JLN Staff Congratulations to James "Bugz" Brooks, who was honored at the R.J. O'Brien 27th Annual "Exchange of Ideas" IB Conference in Dallas, TX last weekend for his 40 years at the firm. August 26th was declared "James...