Your guide to the happenings in derivatives markets and trading since 2000
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THE HISTORY OF FINANCIAL FUTURES EPISODE: GAME CHANGERS, PART II
JLN Options Newsletter
Meme Stocks’ Latest Frenzy Isn’t About a Short Squeeze
Lead Stories Meme Stocks' Latest Frenzy Isn't About a Short Squeeze Anna Hirtenstein - WSJ Meme stocks have made a comeback, with one big change: this time around, short sellers aren't a big player in the market. Individual investors have been gearing up for some...
Lead Stories
Sheldon Cohen – Open Outcry Traders History Project – Part Two
In the second of a two-part interview with John Lothian for the Open Outcry Traders History Project, Chicago attorney Sheldon Cohen reminisced about his long tenure on the trading floor and in exchange management, beginning in the 1970s.
Peter Harrigan – Open Outcry Traders History Project – Part Two
Peter Harrigan capped off his career as a floor trader on the CME and the Pacific Exchange in the middle of a bear market in 2002. Since then, he’s managed money, helped start up an AI company and traded cryptocurrencies, but he continues to speak fondly of his floor days, even the challenging ones.
John Lothian News Daily Update
John Lothian Newsletter
When Americans Took to the Streets Over Inflation
First Read $42,376/$300,000 (14.1%) ++++ Hits & Takes John Lothian & JLN Staff CME Group and FTSE Russell are putting on a webinar TODAY at 11 a.m. ET titled, "Russell U.S. recon: Mitigating risk with derivatives." If you are invested in small cap stocks, you...
MW Page of the day
Marex
Marex has canceled its planned IPO on the London Stock Exchange "due to more challenging IPO market conditions," it said in a statement.
Lead Stories
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 6/1/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
Robin Trott – The Path to Electronic Trading Part Two
In Part Two of Robin Trott – The Path to Electronic Trading, Trott talked about how block trade and call-around markets developed in Europe. Platforms were rushing to write to all of the individual European markets. There were a large number of them back then.
Sheldon Cohen – Open Outcry Traders History Project – Part One
Attorney Sheldon Cohen started out his trading career as a risk manager for Goldberg Brothers, a CBOT clearing firm that was later sold to LIT Holdings, and eventually began trading at the Midwest Stock Exchange. He bought his own seat at the Chicago Board Options Exchange (CBOE) in 1976.
Peter Harrigan – Open Outcry Traders History Project – Part One
Peter Harrigan is the co-founder and current CEO of Grey Swan Digital, a company that creates and trades customized derivatives. Growing up in the 1960s and 1970s he wanted to become an astronaut. His career path later rocketed in a different direction, taking him to Chicago’s trading floors.
Robin Trott – The Path to Electronic Trading Part One
Robin Trott started out as an undergrad studying philosophy and politics, but it was the peak of the dotcom bust and he realized that wasn’t very practical. So he got a Master’s degree and got on the technology and operations graduate scheme at JP Morgan.
John Lothian Newsletter
Today’s Newsletter
When Americans Took to the Streets Over Inflation
First Read $42,376/$300,000 (14.1%) ++++ Hits & Takes John Lothian & JLN Staff CME Group and FTSE Russell are putting on a webinar TODAY at 11 a.m. ET titled, "Russell U.S. recon: Mitigating risk with derivatives." If you are invested in small cap stocks, you...
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Featured Video
THE HISTORY OF FINANCIAL FUTURES EPISODE: GAME CHANGERS, PART II
JLN Options Newsletter
Today’s Newsletter
Meme Stocks’ Latest Frenzy Isn’t About a Short Squeeze
Lead Stories Meme Stocks' Latest Frenzy Isn't About a Short Squeeze Anna Hirtenstein - WSJ Meme stocks have made a comeback, with one big change: this time around, short sellers aren't a big player in the market. Individual investors have been gearing up for some...
Everything you need to know about Options Today
John Lothian News Daily Update
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 5/17/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
Goldman Sachs Analysts’ Theory About the VIX; Regulators Eye Index Providers – The Spread
This week on The Spread, a Virginia resident is ordered to pay $5 million for defrauding investors, the SEC considers index regulation, bitcoin options drive bitcoin’s price down, and more.
Bradley Rotter – Open Outcry Traders History Project, Part One
Bradley Rotter has been a pioneer in financial futures, hedge fund investing and cryptocurrencies. He was on the trading floor of the Chicago Board of Trade when financial futures were just getting started. He convinced Merrill Lynch they needed a financial futures expert and was hired, then later moved to New York to work for EF Hutton before returning to Chicago to become the floor manager for AG Becker & Co. when bonds were first traded in the old South Room of the CBOT.
MIAX Mixes It Up; Looks at Futures Expansion
MIAX Futures President Joseph Ferraro talks about the May 24 launch of MIAX corporate tax futures. He also details the planned expansion of MIAX futures offerings, the role of the exchange operator’s broad geographic base and where cryptocurrency trading fits into the MIAX mix.
Leo Melamed Is ‘Man of the Futures’
Leo Melamed has lived a life worthy of multiple autobiographies. And he now has written his latest, “The Man of the Futures.” The book encompasses all that occurred in his life and work since 1996, when he published “Escape to the Futures.” A lot has happened in that quarter of a century, and many of Melamed’s dreams and the predictions he made have been realized.
Small Exchange CEO Donnie Roberts Excited By First Year Of Trading
The Small Exchange did not get started when CEO Donnie Roberts wanted it to in 2020. Just as it was finally given regulatory approval, the pandemic hit in March of 2020. The exchange didn’t start until June 1st and when it did, the initial focus was on making sure all the systems worked properly. John Lothian News spoke to Roberts last week about the exchange’s first year of trading.
Catching up with Sterling Trading Tech on “Unprecedented” Trading
Sterling Trading Tech is one of the firms in the eye of the storm for the rise of retail equity and option traders. John Lothian News caught up with their president and head of risk management to talk about how they fared and how they continue to deal with the influx of retail customers and resulting trading activity in 2020 and 2021.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 5/10/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
Taiwanese Bourse Suffers Worst Crash In Its History; SEC Sets Its Sights on Gamified Trading – The Spread
This week on The Spread, a major crash at the Taiwan Stock Exchange nets gains for bearish options bets, options traders bet on carbon, Nasdaq gets approved to launch VOLQ options, and more.
Tom Sosnoff – Open Outcry Traders History Project
The CEO of tastytrade, Tom Sosnoff, was interviewed by John Lothian News for the Open Outcry Traders History Project. Sosnoff was a trader on the floor of the CBOE for 20 years after growing up in New York. He moved to Chicago at the behest of some co-workers at his...
MIAX Mixes It Up; Looks at Futures Expansion
MIAX Futures President Joseph Ferraro talks about the May 24 launch of MIAX corporate tax futures. He also details the planned expansion of MIAX futures offerings, the role of the exchange operator’s broad geographic base and where cryptocurrency trading fits into the MIAX mix.
Leo Melamed Is ‘Man of the Futures’
Leo Melamed has lived a life worthy of multiple autobiographies. And he now has written his latest, “The Man of the Futures.” The book encompasses all that occurred in his life and work since 1996, when he published “Escape to the Futures.” A lot has happened in that quarter of a century, and many of Melamed’s dreams and the predictions he made have been realized.
Small Exchange CEO Donnie Roberts Excited By First Year Of Trading
The Small Exchange did not get started when CEO Donnie Roberts wanted it to in 2020. Just as it was finally given regulatory approval, the pandemic hit in March of 2020. The exchange didn’t start until June 1st and when it did, the initial focus was on making sure all the systems worked properly. John Lothian News spoke to Roberts last week about the exchange’s first year of trading.
Catching up with Sterling Trading Tech on “Unprecedented” Trading
Sterling Trading Tech is one of the firms in the eye of the storm for the rise of retail equity and option traders. John Lothian News caught up with their president and head of risk management to talk about how they fared and how they continue to deal with the influx of retail customers and resulting trading activity in 2020 and 2021.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 5/10/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
Taiwanese Bourse Suffers Worst Crash In Its History; SEC Sets Its Sights on Gamified Trading – The Spread
This week on The Spread, a major crash at the Taiwan Stock Exchange nets gains for bearish options bets, options traders bet on carbon, Nasdaq gets approved to launch VOLQ options, and more.
Tom Sosnoff – Open Outcry Traders History Project
The CEO of tastytrade, Tom Sosnoff, was interviewed by John Lothian News for the Open Outcry Traders History Project. Sosnoff was a trader on the floor of the CBOE for 20 years after growing up in New York. He moved to Chicago at the behest of some co-workers at his...
ISDA 35th AGM: Are Derivatives a Green Solution?
Unraveling how to effectively mitigate the economic and market risks associated with climate change was the focus of an ISDA meeting session on Tuesday, but while the panel of international regulators and banking officials outlined their considerable and ongoing efforts, a clear path to a uniform solution remained elusive.
Tom Sosnoff – The Path to Electronic Trading – John Lothian News
Veteran Trader and Serial Entrepreneur Shares tastytrade and Thinkorswim Origin Stories Tom Sosnoff is a serial entrepreneur whose endeavors are transforming how people trade and understand the markets. Expanding on his success as an open outcry options trader on the...
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 5/7/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
CME announces close of most of its trading pits; Cboe dabbles in ESG – The Spread
This week on The Spread, the CME Group announces it’s keeping most of its pits closed for good, Cboe announces it’s getting into ESG derivatives, and more.
JIm Krause: The Path to Electronic Trading
Former CME CIO Krause Recalls the History of CME Globex From the Beginning Jim Krause came to the futures industry from a job in temperature control and HVAC at a company called MCC Powers. He followed Don Serpico, his supervisor at MCC Powers, who had been hired by...
Credit Suisse Sued for Alleged Market Manipulation; OIC 2021 a Virtual Success – The Spread
This week on The Spread, Credit Suisse prepares for round two of a lawsuit alleging it committed market manipulation, a New York vol quant wins big on momentum trades, the OCC wins and gives awards, and more.
Hemp Farming Looking For Credit; Carbon Credit, That Is
Well, it is now May, and in most of the United States it is high time to get the field crops planted. Among them is hemp, industrial hemp, which despite being an ancient crop and a generally legal one since 2019, still has an uncertain future.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 4/26/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.
OIC 2021: What’s Next for the Options Industry? ‘Not Going to Put the Genie Back in the Bottle’
Retail participation, education of new investors, seen as ongoing industry themes in 2021.
After two days of heralding the record volume that accompanied exceptional periods of volatility in 2020, panelists in the final sessions of the Options Industry Conference generally breathed a collective sigh of relief that the industry had escaped last year’s challenges relatively unscathed.
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