Todays Newsletter
NYSE Mayhem Traced to a Staffer Who Left a Backup System Running
First Read Hits & Takes John Lothian & JLN Staff One of my former Eagle Scouts, who attended the World Scout Jamboree in Japan in 2015 with help from readers of this newsletter, was laid off from his consulting firm job on the West Coast at the end of 2022 and...
John Lothian Newsletter
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John Lothian Newsletter
Global regulators to step up scrutiny of risks outside banking system
First Read Hits & Takes John Lothian & JLN Staff JLN friend, author and consultant Robert Khoury is the latest to give to the JLN MarketsWiki Education GoFundMe campaign. Khoury is the CEO at Agile Rainmakers and the author of How to Intern Successfully. We...
Hedge Fund Debuts in Biggest Launch Led by a Woman
First Read Hits & Takes John Lothian & JLN Staff Yesterday I experimented with ChatGPT to write a couple of entries on MarketsWiki. The wiki entries it wrote were on Dean Witter Reynolds, Smart contracts and the Woolen Exchange - London All the entries were...
Rookie Traders Are Calling It Quits, and Their Families Are Thrilled
First Read Hits & Takes John Lothian & JLN Staff Welcome to 2023. Remember to start using that year when writing checks or dating papers or anything else that requires a date. Let's hope 2023 brings us all improvement and progress, good health and strong...
Case for blockchain in financial services dented by failures
First Read Hits & Takes John Lothian & JLN Staff Thank you to Exchange Analytics and Jim Downs of Connamara Tech and an anonymous donor who gave an amount yesterday to the JLN MarketsWiki Education GoFundMe campaign that exceeded the amount Trading...
Solana Founders Scramble to Move Past FTX’s Stain on Their Token
First Read Hits & Takes John Lothian & JLN Staff Tomorrow is the last day that Trading Technologies will match any contributions to the John Lothian News MarketsWiki Education GoFundMe campaign to support our work to help capture industry history. These funds...
Exit from zero-Covid is no easy path for China
First Read Hits & Takes John Lothian & JLN Staff Connamara Technologies launched a new website, connamara.tech, several days ago. Also, earlier in 2022 Connamara Tech split from Connamara Systems, they said to "laser-focus on a world-class exchange platform,...
Crypto Bankruptcies Chip Away at Customers’ Anonymity
First Read Hits & Takes John Lothian & JLN Staff Heavy snow in Western New York killed 28 and in parts of Japan killed 17 over the Christmas holiday. Thirty more people were killed by the sub-arctic storm across the U.S. as freezing temperatures and blowing...
London Stock Exchange Stakes Its Future on Data
First Read Hits & Takes John Lothian & JLN Staff It is minus nine degrees Fahrenheit in Elmhurst this morning, dropping from 33 degrees yesterday at its high. The winds are blowing about 24 miles per hour. Similar negative temperatures and winds are in New...
Caroline Ellison, Associate of FTX Founder Sam Bankman-Fried, Pleads Guilty to Criminal Charges
First Read Hits & Takes John Lothian & JLN Staff Yesterday JLN noted that combining the role of CEO and chairman is somewhat controversial these days, while in the past it was very much standard practice. Our good friends at Nasdaq, where Adena Friedman took...
OCC Announces Two Executive Leadership Promotions
First Read Hits & Takes John Lothian & JLN Staff Congratulations to Dan Busby and Mike Hansen of the OCC on their promotions. Busby is succeeding Scot Warren as the COO and Hansen is to become the chief clearing and settlement services officer of the OCC. The...
What does the crypto collapse mean for Chicago’s exchanges?
First Read Hits & Takes John Lothian & JLN Staff Today's lead story from Crain's Chicago Business by Steve Daniels titled, "What does the crypto collapse mean for Chicago's exchanges?" is two separate interviews, one with CME's Terry Duffy and the other with...
China Allows Investors to Trade Foreign Firms Via Hong Kong Stock Links
First Read Hits & Takes John Lothian & JLN Staff The Financial Times has a front page video titled, "Fractured markets: the big threats to the financial system" that looks at the impact of easy money and interest rates that were too low. The description of the...
ICE warns it may pull gas market from EU over Brussels price cap
First Read Hits & Takes John Lothian & JLN Staff The FT has a story that sums up the sentiments of the crypto space very well right now. The title of the story is "FTX charges leave industry's image in tatters." The accounting firm Mazars decided to pause all...
Europe’s Trading Superhighway in the Alps Highlights Data Rush
First Read Hits & Takes John Lothian & JLN Staff Yesterday I attended the holiday party of Advantage Futures, which held a private party at Ceres Cafe in the CBOT Building, renting out the whole restaurant for the event. The event had about 200 people there,...
Sam Bankman-Fried charged in one of ‘biggest financial frauds’ in US history
First Read Hits & Takes John Lothian & JLN Staff If the pictures are correct, Sam Bankman-Fried was not in his normal uniform of baggy cargo pants, t-shirt and running shoes when he was arrested in Panama. Instead, he was dressed in a white shirt and navy...
