Todays Newsletter
The UK’s Crisis of Confidence Was Years in the Making
First Read Hits & Takes John Lothian & JLN Staff The World Federation of Exchanges 61st Annual General Meeting concluded today in Malta after a session on ESG. The big announcement at the end was that the next annual general meeting would be held in September...
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John Lothian Newsletter
CME Group continues SOFR conversions as demand grows
First Read Hits & Takes John Lothian & JLN Staff The FIA Chicago baseball outing to see the Chicago White Sox play on September 14 has been canceled since Major League Baseball changed the game time from 7p.m. to 1p.m. If you bought a ticket you can contact...
Fed Effect Stirs Global FX Moves as Mighty Dollar Runs Rampant
First Read Hits & Takes John Lothian & JLN Staff John is still on vacation. Actually, he is working hard in rehab to recover mobility from his hip surgery. After that he will deserve a vacation. ABN AMRO is welcoming Nancy Stern to their Chicago team as...
IRS Says It Exposed Some Confidential Taxpayer Data on Website
First Read Hits & Takes John Lothian & JLN Staff John's surgery went well and he has managed a few ups and down in his recovery. He is awaiting placement for a short term rehabilitation stay of underdetermined length. He is in good spirits and getting...
Stock Market’s Worst Month Gets Even More Dicey With Hawkish Fed
First Read Hits & Takes John Lothian & JLN Staff John has had his hip surgery and it seems all went well. We knew he was doing fine when he was on his phone and sending staff messages a couple of hours after his surgery. We expect he will be Tweeting again...
Market Bulls Starved in August During Worst Cross-Asset Selloff Since ‘81
First Read Hits & Takes John Lothian & JLN Staff To our readers: John is in surgery for a hip replacement as we put the newsletter together this morning. We wish him the best and hope for a speedy recovery. While he wrote some bits below last night, it is...
The Crypto Innovation Traditional Finance Needs
First Read Hits & Takes John Lothian & JLN Staff Today is D-Day minus one for my hip replacement surgery in my continued quest to become Titanium Man. Maybe I have a future in a marketing campaign for the London Metal Exchange Later today I will find out when...
The Options Market Is Accentuating the Swings in Stocks
First Read Hits & Takes John Lothian & JLN Staff The third episode of "A sceptic's guide to crypto," hosted by the Financial Times columnist Jemima Kelly, is titled "NFT mania." There is a story in Axios about the power of smiling. I wonder what impact smiling...
Meme Stock Mania Is Here to Stay — Even With Those Wild Price Swings
First Read Hits & Takes John Lothian & JLN Staff I have been talking up the FIA's Innovator's Pavilion at FIA EXPO to be held on November 14-15. One firm does auto inventory risk management and another is involved in managing data and connecting butchering...
Hong Kong’s Exodus Shrinks Workforce in Threat to Financial-Hub Status
First Read Hits & Takes John Lothian & JLN Staff LastPass, the world's most popular password manager, said it has been hacked. It said source code and technical information was stolen, but no indication that any passwords were stolen. For all of you who use...
Wall Street Friendship Ends in Betrayal, Insider-Trading Charges
First Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets this morning announced its equity partners for the Cboe Digital business that includes the recently acquired ErisX. Former NADEX CEO Timothy McDermott has been named the chief executive...
The 30-Year-Old Spending $1 Billion to Save Crypto
First Read Hits & Takes John Lothian & JLN Staff One of the greats of asset management passed away yesterday. Tiger Management founder Julian Robertson died at the age of 90. He was one of the most influential hedge fund managers of all time. Here are some of...
Wall Street, Crypto Giants Line Up to Back Startup Prime Broker
First Read Hits & Takes John Lothian & JLN Staff Today's lead story about Hidden Road Partners is an important one, only because it involves JLN friend John McPartland, formerly of the Chicago Federal Reserve. John is the director of research at Hidden Road...
The SEC Treats Crypto Like the Rest of the Capital Markets
First Read Hits & Takes John Lothian & JLN Staff The MRI results are in, the consultation with the orthopedic specialist completed and the September 1 total hip replacement of my left hip is scheduled for Elmhurst Hospital. This will give me a matching set of...
Extreme heat is slamming the world’s three biggest economies all at once
First Read Hits & Takes John Lothian & JLN Staff The Futures for Kids Fun Run will be held on September 29, 2022, in Queen Elizabeth Olympic Park in London from 16:00 - 19:30 BST. There is a £25 registration fee, but you get a "T-shirt for the run and all...
A Crypto Winter King Wants to Reanimate the Industry
First Read Hits & Takes John Lothian & JLN Staff John Lothian News introduces MarketsWiki Education Shorts, videos from our World of Opportunity video series that ran from 2013 to 2021 that have been edited into shorter versions. The videos run from one minute...