John Lothian Newsletter
Todays Newsletter
JPMorgan Is Set to Pay $1 Billion in Record Spoofing Penalty; Westpac, one of Australia’s largest banks, hit with record $920 million penalty over money laundering scandal
JPMorgan Is Set to Pay $1 Billion in Record Spoofing Penalty; Westpac, one of Australia’s largest banks, hit with record $920 million penalty over money laundering scandal
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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.
U.S. Election Priced as Worst Event Risk in VIX Futures History
First Read Hits & Takes John Lothian & JLN Staff The tribute page to the late Richard Schaeffer has been updated to include one from Mary Bergonia Ross, a good friend from the NYMEX. I met her as Mary Bergonia when she ran the Chicago office of Man Financial....
A Robot to Suppress ‘Bogus’ Traders Is in Works in South Korea
First Read Hits & Takes John Lothian & JLN Staff The FIA has published an important opinion piece on climate change and the market's role in helping fight it. The CFTC has reinstated TeraExchange, LLC as a Swap Execution Facility. The FTSE Mondo Visione Exchanges...
Individual-Investor Boom Reshapes U.S. Stock Market
First Read OneChicago to close on September 18 for trading. Long live OneChicago. By John Lothian OneChicago was a name given to a securities futures exchange that was an idea that never lived up to its name. It was initially a collaboration between the CME, CBOE and...
Shinzo Abe to step down as Japan’s prime minister
First Read Hits & Takes JLN Staff John Lothian News is going to start a new podcast experiment, turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast. We will push it out via...
OneCoin Took In Billions. Then Its Leader Vanished
First Read FDIC Enlists Fintech to Serve Pandemic-Challenged Minority Institutions Suzanne Cosgrove - JLN While the economic disruptions of COVID-19 are widespread, they have "disproportionately" disrupted minority depository institutions, also known as MDIs, said...
Cyberattacks Halt New Zealand’s Stock Exchange Twice in Two Days
First Read Hits & Takes By John Lothian & JLN Staff Random thoughts: Since the pandemic hit, I have not worn a suit. I have only worn a dress shirt twice, and only once to leave the house. I have not used cash, nor carried any, since the pandemic hit. I have...
The Shakeout in the ETF Industry Is Accelerating
First Read Hits & Takes JLN Staff The Security Traders Association 2020 Market Structure Conference, which is being held virtually this year rather than in Washington, DC, will kick off with a fireside chat with Cboe Executive Chairman, President and CEO Ed Tilly and...
City employers plan for lasting switch to remote working
First Read Hits & Takes John Lothian & JLN Staff I am concerned that there is such a rush to find a vaccine for COVID-19 that shortcuts are being taken which will reduce the reliability of the vaccine. There is pressure from the Trump administration ahead of...
Kodak’s $765 Million Moment; Robinhood upstarts who ambushed financial establishment
Kodak’s $765 Million Moment; Robinhood upstarts who ambushed financial establishment
Why Everyone Cares About This Italian Exchange; Winklevoss Twins Hire Eventus to Detect Crypto Cheats on Gemini
Why Everyone Cares About This Italian Exchange; Winklevoss Twins Hire Eventus to Detect Crypto Cheats on Gemini
E*Trade Hit With Lawsuit After Investors Burned by Subzero Oil; Hong Kong bourse profits hit record on China ‘homecoming’ listings
E*Trade Hit With Lawsuit After Investors Burned by Subzero Oil; Hong Kong bourse profits hit record on China ‘homecoming’ listings
What Happens to the Markets If There’s a Vaccine? Critics pile on an S.E.C. proposal to limit investor disclosure
What Happens to the Markets If There’s a Vaccine? Critics pile on an S.E.C. proposal to limit investor disclosure
U.S. Stocks Are Keeping China’s Amateur Investors Awake at Night; Gold Is Flying High, but Getting Harder to Mine
U.S. Stocks Are Keeping China’s Amateur Investors Awake at Night; Gold Is Flying High, but Getting Harder to Mine
Miami International Holdings and MGEX Announce Plan of Merger
First Read Hits & Takes By JLN Staff During the pandemic, I signed up for prescriptions by mail through Walgreens. These drugs are very important to my continued well-being and health and they are sent through the U.S. mail. If the moves by President Trump to...
In China, fears of financial Iron Curtain as U.S. tensions rise
First Read Spoofing Is Not Just Bluffing: No Zero-Sum Game in Trading By Thom Thompson - John Lothian News Stepping away from the increasingly settled legal issues around spoofing, we see that business ethicists are also addressing the moral and economic dimensions of...