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
Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
Observations & Insight Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Will Become JLN Consultant and Advisory Committee Member Alex Perry Promoted from Intern to Associate Editor By John J. Lothian - John Lothian News JLN Deputy Managing Editor...
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Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Will Become JLN Consultant and Advisory Committee Member
Alex Perry Promoted from Intern to Associate Editor
JLN Deputy Managing Editor Suzanne Cosgrove gave her notice to John Lothian News and accepted a position with Purpose Brand, a woman-run, Chicago-based PR, brand, and digital marketing company that’s all about diversity and inclusion and seeks to expand its coverage of financial firms. She leaves JLN at the end of the year and starts her new position on January 3, 2022.
JLN Video Interview: Step by Step, HKEx’s Kevin Rideout Builds Interest in China A 50
China’s new economy — and markets — appear to have found a new hedging tool.
In an interview with John Lothian News, Kevin Rideout, managing director, global client development at Hong Kong Exchanges and Clearing Limited (HKEx), talked about the launch and reception for MSCI China A 50 Connect Index Futures, launched on October 18.
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.
John Lothian Newsletter
Wall Street Wants to Sell a Special Index, Just for You
First Read sears$54,406/$300,000 (18.1%) ++++ Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Will Become JLN Consultant and Advisory Committee Member Alex Perry Promoted from Intern to Associate Editor By John J. Lothian - John Lothian News JLN Deputy...
MW Page of the day
Lynn Martin
Lynn Martin has been appointed the next President of the NYSE, succeeding Stacey Cunningham, who will join the NYSE board of directors.
Lead Stories
FIA Expo 2021 Video: IncubEx Primed as Interest In Cap-and-Trade Markets Surges
Timing is everything in the derivatives industry. In the case of IncubEx, which develops financial products in environmental, climate risk and related commodity markets, the company appears to be right on time.
In an interview with John Lothian News at FIA Expo, Dan Scarbrough, the founder, president and COO of IncubEx, described his start in the industry with the Chicago Climate Exchange more than 15 years ago. The Intercontinental Exchange bought the Chicago Climate Exchange and its parent company, the Climate Exchange, in 2010.
FIA Expo 2021 Video: ‘Everyone is Threatened’ by Disintermediation
Robert Fitzsimmons, executive vice president at Wedbush Securities, spoke with John Lothian News at FIA Expo 2021 about his observations, insights and opinions on everything from the conference itself to the state of cryptocurrency today. As executive vice president, Fitzsimmons manages futures, fixed income groups, and securities lending.
Among the talking points from the conference, one topic of concern was the notion of disintermediation, which essentially cuts out the middle men — removing banks, brokers, or other third parties — allowing individuals to invest directly.
‘Tis the Season for Cybercrime
The holiday season offers many opportunities for cyber-criminals, as almost everyone is busier with online shopping and other activities between mid-November and the New Year. The following cybersecurity habits will help protect you and your family all the time, and are especially important during the coming weeks.
FIA Expo Video 2021: CQG Pivots to Next Generation With New Technology Tools
Celebrating its 40th anniversary this year, CQG is notable for its long run offering real-time and historical trading data, along with technical analysis tools, but its leaders are in no mood to fade into the sunset. Instead, they are pivoting to take on the next generation.
In a video interview with JLN at FIA Expo 2021, Ryan Moroney, CQG Inc. president, and Pat Kenny, senior vice president, talked about a suite of trade execution technologies recently unveiled by the company.
FIA EXPO 2021: Sam Bankman-Fried Says FTX Won’t Follow the Crypto Crowd
Sam Bankman-Fried, the “richest person in crypto” according to Forbes Magazine, is the founder of FTX, a leading exchange for buying and selling crypto derivatives. John Lothian News spoke with him at FIA Expo 2021, where he talked about how the crypto space has grown and changed, crypto versus “traditional finance,” and the latest trends, including NFTs.
John Lothian Newsletter
Today’s Newsletter
Wall Street Wants to Sell a Special Index, Just for You
First Read sears$54,406/$300,000 (18.1%) ++++ Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Will Become JLN Consultant and Advisory Committee Member Alex Perry Promoted from Intern to Associate Editor By John J. Lothian - John Lothian News JLN Deputy...
We visit more than 100 websites daily for financial news (Would YOU do that?)
JLN Options Newsletter
Today’s Newsletter
Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
Observations & Insight Suzanne Cosgrove Accepts New Role, Leaves JLN for PR Agency; Will Become JLN Consultant and Advisory Committee Member Alex Perry Promoted from Intern to Associate Editor By John J. Lothian - John Lothian News JLN Deputy Managing Editor...
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 History of Financial Futures: Lee Oliver’s Journey Back to His Beginnings, Part 2
The most recent chapter of Lee Oliver’s career took him back into the world of banking and FX trading.
In the second of a two-part video interview with John Lothian, Oliver talked about his transition from a busy career as a freelance writer for Euromoney to a job writing and editing for Cititbank’s wire service.
FIA Expo 2021 Video: Tom Lazenga of TNS Talks Tech
Tom Lazenga is global head of sales at TNS, or Transaction Network Services, a fintech firm that provides global real-time data communication networks to industry participants. John Lothian News interviewed him at FIA Expo about the firm’s technology offerings and its plans for the future.
FIA Expo 2021 Video: ICE Exec Says Pandemic Volatility Offers Lessons For Clearinghouses
The intense market volatility seen during the beginning of the global pandemic, particularly in April and May, underscored both the interconnectedness of the markets and the fact that not every participant is at the same level, said Chris Edmonds, global head of closing and risk at the Intercontinental Exchange, Inc.
In a video interview with John Lothian News at FIA Expo 2021 following a roundtable on operational efficiencies, Edmonds said it became clear during COVID-19 and the abrupt move to working at home that more efficient ways to share information sooner are needed.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 11/8/2021
Tesla Trade Spurs Early-Week Stock Selling; Inflation Index Jumps; Options Volume Continues to Set Records – The Spread – November 12, 2021
– Tesla CEO Elon Musk sells shares, briefly captivates the equity market; Higher inflation news chills Treasury trading; Options volume continues to set records;
– John’s Take profiles Stable, the winning innovator of the year at FIA Expo 2021;
– EQDerivatives’ Russell Rhoads explains the Nasdaq-100 Volatility Index in the Term of the Week.
FIA Expo 2021 Video: Trading Technologies’ Execs Say Deal Was Good For Industry
It was nearly a week after Trading Technologies announced it would be acquired by the private equity firm 7RIDGE, along with its limited partners Cboe Global Markets, Inc. and the Singapore Exchange, but the company’s top executives were still celebrating.
Interviewed together at the FIA Expo last week, Tim Geannopulos, chairman and CEO of Trading Technologies, and Keith Todd, incoming CEO of TT and current chairman and CEO of KRM22, were positively giddy with excitement about the deal.
FIA Expo 2021 Video: Ed Tilly Lays Out Cboe’s Global Vision
John Lothian News interviewed Ed Tilly, chairman, president and chief executive officer of Cboe Global Markets, at FIA Expo last week following a panel with other U.S. exchange leaders. Cboe is expanding across all geographies and asset classes, and its vision for global growth is providing access to all of its customers, Tilly said in the video interview.
FIA Expo 2021 Video: CFTC’s Stump Corrects Misperceptions, Talks Politics
CFTC Commissioner Dawn Stump rolled her eyes when asked who regulates cash cryptocurrency markets.
Speaking to John Lothian in a video interview following her keynote address last week at the FIA Expo, Stump said the question is “an unfortunate example” of what she sees as an ongoing mission to correct confusion over what agency regulates what entity.
FIA Expo Panel Explores the Future of Crypto Market Structure
The last panel of the day on the last day of Expo was surprisingly well attended – perhaps because it was about cryptocurrency, a topic that sprang up on many of the other Expo panels that were not even supposed to be discussing cryptocurrency.
FIA Expo 2021: Crypto – An Evolving Regulatory Landscape
Cryptocurrencies are often viewed as the Wild West with very little in the way of law or regulations. If there was one thing the Thursday FIA panel on crypto wanted everyone to know, that is far from the current reality. Significant regulatory obligations exist for those trading cryptocurrencies.
THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 11/8/2021
Tesla Trade Spurs Early-Week Stock Selling; Inflation Index Jumps; Options Volume Continues to Set Records – The Spread – November 12, 2021
– Tesla CEO Elon Musk sells shares, briefly captivates the equity market; Higher inflation news chills Treasury trading; Options volume continues to set records;
– John’s Take profiles Stable, the winning innovator of the year at FIA Expo 2021;
– EQDerivatives’ Russell Rhoads explains the Nasdaq-100 Volatility Index in the Term of the Week.
FIA Expo 2021 Video: Trading Technologies’ Execs Say Deal Was Good For Industry
It was nearly a week after Trading Technologies announced it would be acquired by the private equity firm 7RIDGE, along with its limited partners Cboe Global Markets, Inc. and the Singapore Exchange, but the company’s top executives were still celebrating.
Interviewed together at the FIA Expo last week, Tim Geannopulos, chairman and CEO of Trading Technologies, and Keith Todd, incoming CEO of TT and current chairman and CEO of KRM22, were positively giddy with excitement about the deal.
FIA Expo 2021 Video: Ed Tilly Lays Out Cboe’s Global Vision
John Lothian News interviewed Ed Tilly, chairman, president and chief executive officer of Cboe Global Markets, at FIA Expo last week following a panel with other U.S. exchange leaders. Cboe is expanding across all geographies and asset classes, and its vision for global growth is providing access to all of its customers, Tilly said in the video interview.
FIA Expo 2021 Video: CFTC’s Stump Corrects Misperceptions, Talks Politics
CFTC Commissioner Dawn Stump rolled her eyes when asked who regulates cash cryptocurrency markets.
Speaking to John Lothian in a video interview following her keynote address last week at the FIA Expo, Stump said the question is “an unfortunate example” of what she sees as an ongoing mission to correct confusion over what agency regulates what entity.
FIA Expo Panel Explores the Future of Crypto Market Structure
The last panel of the day on the last day of Expo was surprisingly well attended – perhaps because it was about cryptocurrency, a topic that sprang up on many of the other Expo panels that were not even supposed to be discussing cryptocurrency.
FIA Expo 2021: Crypto – An Evolving Regulatory Landscape
Cryptocurrencies are often viewed as the Wild West with very little in the way of law or regulations. If there was one thing the Thursday FIA panel on crypto wanted everyone to know, that is far from the current reality. Significant regulatory obligations exist for those trading cryptocurrencies.
FIA Expo: Sustainability Markets Growing, But Participants Search for Clarity of Its Parameters
Although the five speakers at a Thursday FIA Expo panel titled “Sustainability/ESG and Markets” agreed that the ESG sector is one of the biggest growth areas in the marketplace, they said it can be difficult to define exactly what ESG encompasses.
The “E” (for environmental) is self-evident, but the “social and governance components are much more challenging,” said Elizabeth Turner, Qontigo’s director of index product management.
FIA Expo: CFTC’s Dawn Stump Urges Return to Basics When Regulating Crypto, Carbon Markets
In a keynote address at the FIA Expo on Wednesday, CFTC Commissioner Dawn Stump urged the industry, and regulators, to go back to the basics in their discussions of who should oversee digital assets and how they should be overseen before “engaging in a jurisdictional power-grab.”
FIA Expo: Reunited After Two Years, Exchange Leaders Trade Friendly Barbs
“Out of a crisis comes innovation,” noted the moderator of a Wednesday FIA exchange leader panel, Jacqueline Mesa, who also is FIA chief operating officer and senior vice president of global policy.
She then asked the three panelists on the Wednesday FIA Expo panel, Terry Duffy, chairman and CEO of CME Group, Ed Tilly, chairman, CEO and president of Cboe Global Markets, and Jeff Sprecher, chairman and CEO of Intercontinental Exchange, what big trends came out of the pandemic.
FIA Expo 2021: Evolving Technologies and Their Lasting Impacts
The Evolving Technologies and Their Lasting Impacts discussion at FIA Expo revolved around how the pandemic has affected the generally staid financial industry. Per the discussion description, “Fintech developments such as cloud computing, chatbots, AI and distributed ledger appear to have come into their own within this environment.”
CNN Correspondent Offers Moving Lessons of War
FIA Expo’s keynote lunch speaker on Wednesday was Clarissa Ward, chief international correspondent for CNN, who has covered wars and natural disasters in Afghanistan, Syria, India and other areas. She had five main “lessons” to impart from her long career as a journalist on how people can become “good global citizens.”
FIA Expo 2021: Post-COVID, Industry Returns En Force, Looking For Synergies
It’s been two years since an in-person FIA Expo in Chicago and judging from the effusive mood of the crowd, there was a lot of pent-up demand.
Kicking off two days of panels and fireside chats on Wednesday was FIA President and CEO Walt Lukken, who noted that while the industry adapted and was highly productive during those gap years, “there are certain synergies and intangibles that can’t be replicated.”
Hemp Harvest Rolls to a Close Amid Less Than Average Yields In Several Regions
-Texas regulators take a startling turn against delta-8
At first glance, the October PanXchange Hemp: Benchmark & Analysis report looks like more of the same when compared with September’s, but a closer look shows several issues have intensified: price pressures in the hemp biomass sector from newly harvested supply, the continued controversy over (and demand for) for delta-8 and the use of hemp in animal feed.
7RIDGE Deal for Trading Technologies Completes Robust Auction Amid Industry Strategic Players
Tim Geannopulos was given the job of CEO of Trading Technologies by TT’s majority owner, Harris Brumfield, with one big mandate: find a buyer through a big, robust, competitive and active auction process that discovers the right party to buy the firm and is aligned with the interests of the shareholders, employees and customers. Geannopulos accomplished that goal when the deal for the private equity firm 7RIDGE was announced Sunday as the buyer of TT with the support of SGX and Cboe Global Markets as investors in the fund managed by 7RIDGE.
Robert Khoury Writes About Successful Internships
Robert Khoury knows about interns. He was an intern and he has spent years hiring them and working with them. So during the COVID-19 pandemic when he found himself with time on his hands, he finally decided to write a book about the subject.
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