John Lothian Newsletter
Todays Newsletter
India’s NSE overtakes CME Group as largest derivatives exchange globally
First Read Hits & Takes By JLN Staff Nasdaq yesterday published their 4th annual Tech Trends report, this one titled "Nasdaq Decodes: Tech Trends 2020." This is their report that covers big broad topics they see impacting how markets...
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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.
Eleven Years in the Making: Breaking Even on JPMorgan’s Purchase of Bear Stearns
First Read Hits & Takes By JLN Staff Seventeen years ago today a story about me and this newsletter was published in the Wall Street Journal with the title, "Futures Analyst or a Broker? Skepticism Surrounds Critic." The article was by Peter A. Mckay, who was a...
Capitalists Without Capital Are Ruling Capitalism; Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses
See also: Fed May Be Quietly Masking Extent of Efforts to Calm Repo Market, T. Rowe’s $1 Trillion Answer to Claims Stock-Picking Is Dead, and more.
Nasdaq Prevails in Lawsuit Over Alleged ETF Theft; Fed Confronts Lack of Diversity in Its Ranks
First Read Hits & Takes By JLN Staff The Association of Financial Markets in Europe (AFME), Futures Industry Association (FIA), International Capital Market Association (ICMA), International Swaps and Derivatives Association, Inc. (ISDA) and...
Robinhood Settles Claims It Didn’t Ensure Best Prices for Customer Trades
First Read Hits & Takes By JLN Staff The London Stock Exchange says 2019 was a year of innovation.~JJL The Technical Company is saying goodbye to 2019 and hello to 2020 in a LinkedIn post.~JJL BGC Partners has named Steven Bisgay as chief...
Bank of England confirms high-speed traders hacked audio feed
First Read Hits & Takes By JLN Staff The CFTC Commissioners must have sore jaws today from all the statements they issued yesterday about their decisions from their open meeting. That, or the fingers of their staff are stiff from all the...
Wall Street holiday parties try dropping booze for bootcamps, smoothies
First Read New Year's Day Launch Seen as Just the Start of Illinois' Recreational Canna Business JohnLothianNews.com As of January 1, adults in Illinois will be allowed to legally buy small quantities of cannabis products for recreational use from licensed state...
Euroclear delays decision on sale; Eurex’s ESG segment exceeds half a million traded contracts
See also: ErisX to launch futures market tomorrow, according to notice; Fed Alumni Fear Crisis Risk in Simultaneous Cuts to Rules, Rates; and more.
‘Questionable’ Death Prompts Call to Exhume Quadriga CEO’s Body; ASX creates the Aussie Nasdaq
First Read Hits & Takes By JLN Staff Nasdaq's TotalMarkets podcast episode 6 features Nasdaq's chief economist, Phil Mackintosh, interviewing T. Rowe Price's Mehmet Kinak on the topic of improving market structure.~SR Do you want to know...
Johnson Wins Crushing Majority in Election That Upends Britain; EU confirms one-year Brexit reprieve for derivatives industry
See also: EU Pledges to Cut Greenhouse-Gas Emissions to Net-Zero by 2050, U.S. regulator homes in on climate risks to U.S. markets, and more.
Wall Street Is Being Hunted by Futures Cops for Government Leaks; Wall Street Watchdog Joins Banks in Fretting About Zombie Libor
See also: Chinese bitcoin miners control 65% of the crypto network’s processing power; Bitmain’s market share continues to decline; ASX $15m boost to stake in blockchain start-up Digital Asset, and more.
Ken Griffin Has Another Money Machine to Rival His Hedge Fund; Three Men Are Charged in $722 Million Cryptocurrency Fraud
First Read Hits & Takes By JLN Staff My former Price Group colleague and friend Martin Hollander and his family are among those reported missing from the volcano explosion in Whakaari/White Island. I am beyond devastated by the news.~JJL...
Morgan Stanley Fined $22 Million for Rigging Bond Markets; Crypto Exchange LedgerX Places Twitter-Raging CEO Chou on Leave
First Read Turbulence at the #1 Bitcoin SEF in the World Thom Thompson - Editor, John Lothian News In the middle of Monday afternoon, the board of directors of LedgerX Holdings announced with a press release that each in the husband and wife...
Paul Volcker, Inflation Tamer Who Set Bank Risk Rule, Dies at 92; Robots in Finance Could Wipe Out Some of Its Highest-Paying Jobs
See also: Big U.S. banks’ reluctance to lend may have caused repo-market shock: BIS, It’s Ken Griffin’s World, We Just Live in It, and more.
Wave Goodbye to Libor. Welcome Its Successor, SOFR
First Read Grayscale wants digital asset regulators and investors to get along Matt Raebel - John Lothian News When you lose your digital assets, there isn't exactly a 1-800 number you can call to seek legal recompense. It's still the Wild West...
Math Whiz Trades Without Humans to Build a $700 Million Fortune
First Read Hits & Takes By JLN Staff Dan Stern is the subject of today's MarketsWiki Education Open Outcry Traders History Project video. Stern is part of a prominent Chicago Board of Trade family of traders and lovers of soccer.~JJL John...