Albert Einstein published his theory of general relativity when he was 36. Vincent van Gogh painted Starry Night when he was 36, and Mozart wrote 626 works before dying one month before turning 36. The CBOE turned 44 in April. In...
BATS Global Markets
JLN Exchange Leader Series 2017: By Leveraging Bats’ Technology, CBOE’s Tilly Wants To Expand Footprint
CBOE Holdings arguably had its biggest year in history in 2016 with the purchase of Bats Global Markets for $3.2 billion. The deal expanded CBOE's footprint in the securities space in the US and in Europe, plus forex as well. It also provided a new technology platform...
Market Calm Back as Short-Term Volatility Falls Most Ever; OCC News; Post-Trump About-Face Triggers 2 Rare S&P Signals
Observations & Insight 2016 Could Be The Year Of The CEO By Jim Kharouf, JLN Editor-in-Chief Forget the Chinese New Year plunge, Brexit, The Donald or even the Cubs. This is also shaping up as the year of the new CEO, with exchanges and clearinghouses especially,...
John Lothian Newsletter: Banker Accused of $25 Million Fraud Arose From a Gilded Legacy; U.S. judge rejects 14 banks’ bid to throw out rate-rigging lawsuit; Bats to Provide Market and Trade Data to Money.Net
First Read A Most Interesting Charity Challenge Without Cold Water By John J. Lothian I have a challenge for the readers of this newsletter that does not involve cold water, but does include a donation to the Futures For Kids charity. The week before the FIA Boca...
John Lothian Newsletter: Market fears are feeding on themselves; Exchanges warn against giving brokers power over key decisions; Swedish Bank Move Creates a Global Shudder
First Read Five-Decade Market Pro Who Called Bond Rally Sees 1% U.S. Yields Andrea Wong - Bloomberg Gary Shilling sees Treasury gains as global rates go negative; Former Merrill Lynch top economist says this cycle is unique A year ago, with U.S. equities approaching...
John Lothian Newsletter: Bill Introduced to Require Hedge Funds to Disclose Holdings More Frequently; Regulators step up efforts to stop spoofing; The illiquidity trap in Treasuries?
First Read Expo Bits & Pieces, Day 1 JLN Staff Yesterday was the first full day of 31st Annual FIA Expo Chicago, and from our vantage point, the conference is shaping up to be among the best ever. Sure, it helps that we are experiencing unusually balmy...
Kapil Rathi, BATS – Start Your Career with Confidence
“What are your opportunities? You’re starting with a clean slate. You haven’t done anything wrong to anyone — yet. Nobody hates you day one. I call it the honeymoon period.” If you're starting a new job, have your house in order, literally. Kapil Rathi, vice...
John Lothian Newsletter: BATS exchange offers plan to boost volume in thinly traded stocks; Hong Kong Poised to Top Japan as World’s No. 3 Stock Market; CFTC Defers LME’s Application, Cites Warehouse Delays
First Read Why most millennials don't invest in the stock market By Jillian Berman The kids are scared of the stock market. Just 26% of people under 30 are investing in stocks, according to a survey published Thursday by Bankrate.com, a personal finance site. That's...
John Lothian Newsletter: Trading Floors Can’t Feed Africa; New BATS chief steps in amid volumes peak; Algorithmic traders invade $42 trillion bond futures market
First Read Shining Star: SGX's Ramaswami Says Asia Risk Mitigation Still In Early Stages JohnLothianNews.com When exchanges look at growth areas, Asia gets top ranking. The Singapore Exchange, which has positioned itself as the Asian gateway for international traders...
John Lothian Newsletter: BATS Moves Toward Another Try at an IPO; Volatility Has Natural-Gas Traders Scrambling; SEC Sees Pervasive Bad Behavior in Complex Debt
First Read Ivers Riley: A Man for All Markets Jim Kharouf - JLN There are pioneers, innovators and leaders in every industry. Ivers Riley is one of the rare individuals to wear all three titles. Riley, who died yesterday at the age of 82, is one of those executives...
John Lothian Newsletter: CFTC’s Giancarlo Calls U.S. Swap Rules ‘Fundamentally Flawed’; Epic Battle for Control of GFI Comes to a Head Thursday at Midnight; LSE to put Russell Investments up for sale for 923 million pounds
First Read Focused: What The Industry Knows About Transparency JohnLothianNews.com Back in November, the industry gathered for the annual FIA Expo event in Chicago. There, John Lothian News used an exhibitor booth (Thanks Cinnober!) as its studio to ask industry...
JLN Options: Bats Global Markets Sets Full-Year Market Share Records; China derivatives push gathers steam; Bull Market Hedging Was a Boon for Exchange Volume in 2014
Observations & Insight Kansas City Swinging Hot BATS Jim Kharouf, JLN BATS Global Markets reported its 2014 results yesterday. Quite a year for an exchange that weathered the media and regulator storm in the wake of Michael Lewis' "Flash Boys." Despite all the...
John Lothian Newsletter: London Metal Exchange to Launch Premium Contracts for Metals; CBOE looks to shed some regulatory duties; Bank Moves to Avoid Overseas Swap Rules Watched by U.S. Treasury
First Read Steve Brodsky, CEO, Spot Trading - My LIFFE: Markets Then and Now JohnLothianNews.com "I know this is the most dynamic industry out there...the creative renewal in this industry is like no other." During a time when LIFFE was battling for the Bund futures...
John Lothian Newsletter: U.S. regulator underdisclosed improper loans to AlphaMetrix; CFTC Approves Tighter Commodity Trading Rules; KCG Mulls Selling Stake in Combined BATS-Direct Edge
First Read SEFCON IV SnapshotJohnLothianNews.com The Wholesale Markets Brokers’ Association Americas (WMBAA) is an industry advocacy group made up of five inter-dealer brokerage firms (IDBs): BGC Partners, GFI Group, ICAP, Tradition and Tullett Prebon. Since 2010, the...
John Lothian Newsletter
Today’s Newsletter
Libor’s Delayed Demise Rewards Slow-Moving U.S. Bankers
First Read $16,711/$300,000 (5.6%) ++++ Editor's Note: Yesterday some of our readers, mainly those who use Gmail, got a warning on our newsletter that, "This message seems dangerous." We can assure you there was nothing dangerous about that email. Unfortunately, the...
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JLN Options Newsletter
Today’s Newsletter
‘Strong markets finish strong’; The Market Expects That Everything Will Be Awesome
‘Strong markets finish strong’; The Market Expects That Everything Will Be Awesome
Everything you need to know about Options Today