NYSE Euronext and Deutsche Boerse decided they needed a bigger boat.  NASDAQ OMX decided they needed a bigger boat.  ICE is building a bigger ICE boat one deal at a time.  Lots of firms every day decide  they need to get bigger in order to meet the challenges in front of them.

On Friday, as I was returning from Brussels from a day of meetings introducing MarketsReformWiki, the line from the movie Jaws popped into my head.  “We need a bigger boat.”  I had seen the shark, the European market regulatory reform shark jump out of the water and it occurred to me suddenly that we needed a bigger boat.  I knew Dodd-Frank was a monster, but the European situation is equally challenging.

This does not mean I am looking to buy a competitor, but it does mean that I understand the need to grow John J. Lothian & Company, Inc. to meet the challenge that we have bit off.  We need to find the resources to meet this challenge. We will explore that in the coming days as I meet with the team here and we all get caught up on the situation.

While I was away, we started work on a technology focused video series under our “World of Opportunity” banner.  More video is our value add for 2011 and we hope to launch MarketsWiki.tv soon.

MarketsWiki continues to show great viewer traffic, having passed the 10 million page view mark while I was in Europe.  I told people in Amsterdam and Brussels I thought there were four reasons for this.  First is the global exchange consolidation story.  That is a big story.  Second is that people are starting to pay attention to the regulatory reform efforts in the U.S. and elsewhere.  Third, and maybe there is no order to these, the markets are going crazy, particularly commodities.  Lastly, I think we have benefitted from the changes that Google made to its search algorithm, benefiting sites with high quality content.

I remember when this newsletter had a contest for when Globex would go over the 1 million contract traded in a day level.  It was not long after that level was hit that the 2 million level was hit and the 1 million contract level was hit for a single contract, the emini S&P.

Watching the traffic on MarketsWki grow, we are already at 10.1 million page views, we will be at 11 million or 20 million before we know it.

I would like to give a shout out to a few organizations relative to my trip to Amsterdam.  First, I would like to thank NYSE Euronext in Amsterdam for their very kind hospitality and the opportunity to ring their closing bell, or gong.  It being my first time closing a market, I hit the gong 1 second early.  Premature gong syndrome is probably what they call it.

I would also like to thank FOW for inviting me to moderate a regulatory panel for them and thank my fellow panelists.  Congratulations to FOW on a successful European Equity Options Forum.

I would like to give a very warm thanks to all the people I met with in Amsterdam and Brussels.   You helped make the trip very much worth the time and effort.

Lastly, I would like to thank KLM airlines for their great service.  This was the first time I flew on KLM and came back very impressed.  Thank you KLM.

It is nice to be home.  Now, back to the boat building.

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