John Lothian Newsletter
Todays Newsletter
ABN Amro takes $200m hit from failure of a single client
First Read Hits & Takes By John Lothian and JLN Staff The challenge of the coronavirus outbreak has been compared to a war. Yesterday, there was a story that compared our current situation to World War II. It is a good comparison, because there are going to be...
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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.
Thin Liquidity in Stock Futures Raises Risk of More Wild Market Moves; Aquis gets go-ahead for £2.7 million NEX Exchange takeover
First Read Options thrive as markets nosedive By Matt Raebel - John Lothian News February is known as the month of love - the month in which Valentine's Day takes place. Options traders certainly got a lot of love last week, when the stock...
Coronavirus Is Devastating the Conference Circuit; Wall Street Traders Are Tethered to the Desk With Virus Arriving
First ReadA Reporter's Story About the Boca CancellationBy John LothianLast week I told the JLN staff I expected by Wednesday or Thursday this week that FIA would cancel the Boca conference. They looked surprised. It was still surprising today when word...
Robinhood shutdown leaves users feeling robbed; Outage on free trading platform came on one of the best days for US stock market in years
First Read Hits & Takes By JLN Staff Several emails I received yesterday and today said, "See you in Boca, if it is not cancelled." There is continued speculation that the FIA Boca conference will be cancelled as reports of individual...
Wall Street Scrambles to Harden Virus Defenses; The Fear Is About More Than the Coronavirus; Covid-19 has exposed deep-seated anxieties about markets and political systems around the world.
First Read Hits & Takes By John J. Lothian Novel coronavirus and undependable world leaders are the themes today. The coronavirus is dominating the news around the world in 58 countries (and counting). Some medical experts are calling it a...
Singapore Emerges as Litmus Test for Coronavirus Containment
First Read Hits & Takes By JLN Staff Where to start? The Dow Jones fell the most number of points yesterday, ever. Five trillion dollars has been wiped off the value of stock markets globally as a result of the impact of the coronavirus....
Reddit’s Profane, Greedy Traders Are Shaking Up the Stock Market
First Read Hits & Takes By JLN Staff I am back from Washington, DC safe and sound after the CFTC's Technology Advisory Committee meeting yesterday. There was a good turnout, though some Chicago travelers had planes cancelled and had to call in for the meeting. I...
LSE’s $27bn deal for Refinitiv faces heat in Brussels
First Read Hits & Takes By JLN Staff The folks at MIAX are happy today as the MIAX Technology teams received word that they won the award for the Most Innovative Exchange Technology for 2020 at the Fund Technology and WSL Awards 2020 Gala...
Virus is Becoming a Global Political Risk
First Read Hits & Takes By JLN Staff Congratulations to Maureen Downs on being elected as chair of the board of directors of the National Futures Association. Don Thompson of JPMorgan Chase & Co. was elected to serve as vice-chair. With...
Millions of Chinese Firms Face Collapse If Banks Don’t Act
First Read Hits & Takes By JLN Staff Tomorrow I head to Washington, DC for the CFTC's Technology Advisory Committee meeting on Wednesday. However, a snow storm looks like it is going to impact my flight, so we will see if I can get there.~JJL We published part one...
ETrade’s Sale Is the Death Knell for Discount Brokerages; SEC Poised to Rule on Controversial ‘Speed Bump’ Proposal
First Read USDA: Hemp Pilot a Success Thom Thompson - John Lothian News In a report published on Thursday, the USDA announced that the recent state-level industrial hemp pilot programs had helped restart hemp production in the United States...
Morgan Stanley Is Buying E*Trade, Betting on Littler Customers; JPMorgan and Goldman throw weight behind exchange start-up
First Read Hits & Takes By JLN Staff The FIA issued a statement on their website about the Novel Coronavirus: FIA is monitoring closely the latest developments concerning the Coronavirus including recommendations regarding events and...
Junk bond king’s pardon ‘is spectacular’ for Wall Street; Franklin Templeton to acquire Legg Mason for $4.5 billion
First Read Hits & Takes By JLN Staff The FIA released its monthly volume highlights for January 2020, in which global volume of exchange-traded derivatives was 3.25 billion contracts, up 15.2% from the previous month and up 20.3% from...
Black Americans Who Broke Barriers on Wall Street — and Beyond; African American men and women influenced economics and business even in a society that oppressed them
First Read Hits & Takes By JLN Staff The Boy Scouts of America, the national organization, has declared Chapter 11 bankruptcy. This move does not include the numerous Councils around the country, including the Pathway to Adventure Council...
For Citadel, it’s full speed ahead in China; Your Broker and You: New Rules, Old Tricks
First Read Hits & Takes By JLN Staff Former SEC Chairman David Ruder, a former Northwestern Law dean, has died at the age of 90. Ruder was a leading scholar in corporate and securities law.~JJL On Friday, ICE announced record trading...
Coronavirus Could Infect Two-Thirds of Globe, Research Shows
First Read Hits & Takes By JLN Staff Happy Valentine's Day! Do you want to make an impact and show your love on Valentine's Day? Join our friends at Gate39 Media who are holding a virtual food drive with the Greater Chicago Food Depository....
