Tesla Stock Is Splitting 5 for 1; Gold’s Wild Ride Continues With Prices Rebounding After Rout
ABN AMRO
New York Stock Exchange to Reopen Trading Floor; Pandemic stirs Wall Street’s social conscience
First Read Hits & Takes By John Lothian & JLN Staff Thank you to Don Wilson, Jerry Hanweck and Lee Betsill for participating in the Bachelier Options Model virtual panel yesterday. It was quick and went well for the most part, though I...
Not the Ronin Death Watch
The CME announced on March 20 that it had auctioned the portfolios of Ronin Capital, a direct clearing member, because its capital was insufficient “going forward.” Friday’s Issues and Stops report from the CME, whose Chicago Board of Trade division lists Treasury...
Fed Hears Urgent Pleas to Ease Rules on Banks in Options Markets; ABN Amro takes $200m hit from failure of a single client
Lead Stories Fed Hears Urgent Pleas to Ease Rules on Banks in Options Markets Silla Brush, Benjamin Bain and Jesse Hamilton - Bloomberg Amid the coronavirus outbreak, the options market has been a crucial tool for investors seeking to protect...
ABN Amro takes $200m hit from failure of a single client
First Read Hits & Takes By John Lothian and JLN Staff The challenge of the coronavirus outbreak has been compared to a war. Yesterday, there was a story that compared our current situation to World War II. It is a good comparison, because there are going to be...
The Spread – A Bumpy Ride
Some fines and a speed delay make for a bumpy ride in this episode of The Spread. The following are stories referenced: -JLN Options for February 4 -> Covered the first series of Cboe fines -Cboe Disciplinary Notice -> ABN AMRO Clearing...
ABN AMRO disciplined by Cboe; JPM sees volatility-liquidity loop
Get a FREE 90 day trial of John Lothian Newsletter Observations & InsightUshering In The OCC's Renaissance - John Davidson, OCCJohnLothianNews.comThe OCC's ENCORE clearing system, while resilient, is long in the tooth and inflexible. OCC's...
ABN AMRO Loves Fidessa
The romance between ABN AMRO Clearing (ACC) and Fidessa is a strategic and growth-oriented one and the relationship is driven by James Fairweather. James Fairweather is the global head of execution services at ACC. He is driving this...
Cohn Says Clearinghouses Could Create New Systemic Problem; EU and US agree to accept each other’s derivatives rules
First Read Hits & Takes Jenny Knott stepped down as CEO of NEX Optimisation. FIA is hiring two people for its communications department: a director of communications working with senior management to develop, implement and coordinate our overall press and public...
A Reflection on a Life, Its Influences and the Trading Floor
I learned recently a life-long friend was diagnosed with pancreatic cancer. My friend and former Wisconsin neighbor is older than me. In fact, at one time he was my babysitter. As I learned yesterday the CME would shut down most of its futures trading pits, his...
John Ruth, CEO – ABN AMRO Clearing Chicago – Career Builder
"If you want to get noticed in your organization, be someone who can solve problems." It's your first day at a new company. You have yet to learn the ropes and you need to get yourself acquainted with the basics. You're not ready to make an immediate impact on your...
JLN Options: FOA and FIA Announce Agreement to Combine Organisations under Global Structure
Lead StoriesFOA and FIA Announce Agreement to Combine Organisations under Global StructurePress Release (FOA and FIA)The Futures and Options Association and the Futures Industry Association today announced an agreement in principle to combine their two organisations...
Who Wants In?
On October 30th, the day before MF Global declared bankruptcy, I (John Lothian) wrote an email to some industry leaders expressing my strongly-held belief that there would be no deal to buy MF Global. The biggest reason was that there "has not been any player in...
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Today’s Newsletter
Crop Trading Giants Start Blockchain Platform With Brazil Deals
First Read $29,776/$300,000 (9.9%) ++++ ++++ Hits & Takes John Lothian & JLN Staff Here is the LINK for the DTCC press release about the proposal to shorten the U.S. settlement cycle to T+1 within two years. Former CFTC Chairman J Christopher Giancarlo has an...
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JLN Options Newsletter
Today’s Newsletter
A group of Wall Street Bets traders is laying new plans for a ‘gamma squeeze’ on GameStop stock; JPMorgan’s Kolanovic Says ‘VIX Bubble’ May Spark Stock Rally
A group of Wall Street Bets traders is laying new plans for a ‘gamma squeeze’ on GameStop stock; JPMorgan’s Kolanovic Says ‘VIX Bubble’ May Spark Stock Rally
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