Metals
Charles Farra – The Path to Electronic Trading Has Many Steps and Flights
For Charles Farra, there were many steps on the path to electronic trading that saw him start as a runner for Cargill Investor Services in 1981 and work his way up in the organization. He would serve the firm in Chicago, London and Tokyo during a time when new products and big markets led to incredible growth in the futures industry.
The Spread – July 9, 2021
Chicago, a data destination; SEC, Robinhood and payment for order flow; John Lothian weighs in with his take; Retail trading continues to percolate; and Cboe’s Kevin Davitt explains the differences between equity and index options in the “Term of the Week.”
THE JOHN LOTHIAN NEWS DAILY UPDATE – 6/4/2021
THE JOHN LOTHIAN NEWS DAILY UPDATE – 5/25/2021
John Lothian: A Futures Trader’s Confession
All the Ways I Have Traded Futures Over the Years I was brought up as a futures trader and the people I knew were futures traders. The people at my first industry-related job that I listened to on long car rides or on the radio talked about futures. The people I...
DOJ Settles Criminal Spoofing Charge Against Scotiabank for $60.4 Million; CFTC Sanctions Bank of Nova Scotia $17 Million for False Statements Re: Spoofing
The Department of Justice announced on Wednesday that it was settling its criminal spoofing case against the Bank of Nova Scotia for its role in a “. . . massive price manipulation scheme aimed at falsely manufacturing the prices of precious metals futures contracts ....
SGX Execs See Return to Macro Trades; COVID-Led Push Toward Digitalization
In a press briefing, Singapore Exchange Limited (SGX) CEO Loh Boon Chye Thursday said the pandemic has created both challenges and extreme market moves, and the resulting economic damages are just now beginning to unfold. However, since Asia was pushed into the COVID...
A Look Back at Manipulation in the Metals Markets
Spoofing is Dunm (sic) and Just Plain Stupid If Bart Chilton were alive today, he would be smiling. The CFTC nailed another bank for metals futures market manipulation. According to the CFTC website, “The Commodity Futures Trading Commission...
Hong Kong’s Global Financial Clout Clouded by Uncertainty; LME bans drinking during work hours
A daily aggregation of financial news regarding regulation, market participants, market structure, and trends in the derivatives industry.
Wall Street Is Desperate for Wonks Who Can Explain the Rise of Populism
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffMarketsWiki Education World of Opportunity 2019 in Chicago is open for registration. Sign up your interns and newer employees today. The events are on July...
Trading Technologies expands access to Chinese derivatives markets
Get a FREE 90 day trial of John Lothian Newsletter First ReadMarketsWiki Education World of Opportunity Series 2019 Open for RegistrationJohn J. LothianWhen I was trying to figure out what I wanted to be in life, there was no such thing as the...
Cboe wins dismissal of Wall Street ‘fear gauge’ manipulation lawsuit
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesBy JLN StaffCNN reported that "The continental US just had the wettest 12 months in the 124 years on record." And now you know why CME Group just set a record for...
The LME’s Ambitious Tech Revamp – Matt Chamberlain, LME
London Metal Exchange CEO Matt Chamberlain knows that the more than 150-year-old exchange has not been at the front of the pack when it comes to technology, but he also knows that gives it an opportunity to survey what other market...
A Blockchain Solution to Gold Settlement Issues
Amid all the talk of blockchain and its applications for the financial and trading worlds, Euroclear and ItBit have gotten together to come up with what they feel is a solution to some of the problems in the gold market, in particular the settlement of unallocated...
The ETF That Glitters: An Interview with William Rhind, CEO of World Gold Trust Services
Today, November 18, is the 10-year anniversary of the launch of the SPDR Gold Shares ETF ("GLD"), the first physically-backed gold ETF to launch in the US. The ETF was an instant success, gathering $1 billion in the first three days...
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London Stock Exchange to abandon lossmaking derivatives venture
First Read $53,406/$300,000 (17.8%) ++++ Hits & Takes John Lothian & JLN Staff The London Stock Exchange has given notice that CurveGlobal is to be closed effective Friday, the 28th of January, 2022. CurveGlobal's CEO Andy Ross had this to say on LinkedIn...
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The founder of a volatility-hedging program that gained over 3,700% in March 2020 says the stock market could fall another 10% to 20% and the VIX could spike to 125
Lead Stories The founder of a volatility-hedging program that gained over 3,700% in March 2020 says the stock market could fall another 10% to 20% and the VIX could spike to 125. He breaks down his strategy and shares 2 other trading ideas. Vicky Ge Huang - Business...
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