John Lothian News is presenting the May 14 Bachelier Options Model virtual panel as a podcast.
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The Father of the Fear Gauge Says He Feels Reassured by the VIX; ETF giants want better labeling. Not everyone is convinced
Observations & Insight 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 am out of practice as a moderator...
Weekend Update: February 10-14, 2020
JLN PRESS ROOM PICK OF THE WEEK Futures Traders Are Getting Squeezed and More Job Cuts Are Expected The futures world was buffeted in recent days with news of workforce cuts, and industry veterans say more may be on the way as smaller firms are...
Lee Tenzer – Open Outcry Traders History Project
Lee Tenzer is one of the giants of the Chicago markets. He was an inaugural member of the Crowd of Fame from the Options Industry Council. Lee E. Tenzer is the founder of trading firm LETCO and brought two leading names from the industry into the markets. His first...
DRW wins big versus CFTC – comprehensive commentary and reporting
Get a FREE 90 day trial of John Lothian Newsletter First Read Wilson goes all in against the CFTC and the industry wins Jim Kharouf, JLN There are traders who put their careers on the line every day in the markets. And then there's Don Wilson,...
The Curious Case of Our Regulatory Environment (Part II), or Why the Earth Isn’t Flat.
Two years ago I wrote about the Commodity Futures Trading Commission enforcement action against Don Wilson and his company DRW Investments alleging price manipulation in certain financial instruments.
Wilson goes all in against the CFTC and the industry wins
There are traders who put their careers on the line every day in the markets. And then there’s Don Wilson, who put his career and firm on the line in court with the Commodity Futures Trading Commission, and won.
Electronic Trading Adoption and Crypto Parallels – Richard Sandor, AFX
"Sometimes these exogenous shocks force us to look at things that we do in a different way." The financial industry has adapted to new technologies before, but AFX CEO and Chairman Richard Sandor believes blockchain will gain...
Filings reveal DRW’s climb into top rank of trading firms; BlackRock’s Message: Contribute to Society, or Risk Losing Our Support; Euromoney’s RISI unit raided by EU antitrust authorities
First Read Hits & Takes JLN Staff The CBOE is holding its press lunch today in Chicago. It is the Chicago financial press's opportunity to ask tough questions to the CBOE management team. My money's on the first question being about bitcoin.~JJL A few names...
Cost of Protecting Against Market Swings Is at Its Highest Ever; DRW’s Don Wilson bets on a return to market volatility; Managing Duplicate Reporting Under CAT
Lead Stories Cost of Protecting Against Market Swings Is at Its Highest Ever Cecile Vannucci - Bloomberg While the CBOE Volatility Index declined last week, the cost of protecting against large market swings has surpassed a peak hit following the Brexit vote, reaching...
The Dispersion Trade; Kolanovic Sees Higher Risk Potential In 2017, Volatility Not Properly Priced; A Trader’s Guide to Donuts, Wheat and Algorithms …
Observations & Insight JLN Options To Have Guest Editor: The Schwartz Will Be With Us As much as I'm sure you all love the JLN team's snark and irreverence, sometimes we shake things up. As such, next week we will have a guest editor: Trade Alert's Henry Schwartz....
OCC Names New CFO, Treasurer, and Chief Compliance Officer; Volume on Oil Derivatives Hits Record as Traders Eye $60 a Barrel; OPEC Deal Upends Everything in Oil Market, Not Just Prices
Observations & Insight November Options Exchange Marketshare via OCC ++++ The View from Convergex: Reinvention, Options and Market Structure Spencer Doar - JLN It may come as a surprise that Convergex, the agency brokerage with headquarters in New York, has a hand...
Jeff Levoff, Partner, DRW – Make a Market: Proprietary Trading in the Modern Era
"This is not a get-rich-quick scheme. It's hard work to try to find positive expected value. That's what we do every day." Conceptually, proprietary trading is easy. One must follow two simple steps - finding positive expected value and managing the risk of positions...
Knowledge Is Power: A MarketsWiki Education Journey
"There is a lot of competition out there, but that is what our markets are all about. It is the essence of what we do. We innovate because of competition."With those words, CME Group Chairman Emeritus Leo Melamed kicked off the inaugural MarketsWiki Education event in...
John Lothian Newsletter
Today’s Newsletter
Regional Resiliency: COVID endangers Chicago’s global status
First Read $9,141/$300,000 (3%) Diane Saucier ++++ Peter Wind, Longtime Industry Colleague and Mentor, Passes Away By John J. Lothian It is with a heavy heart I report that former Cargill Investor Services (CIS) executive Peter Wind has passed away at the age of 70....
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JLN Options Newsletter
Today’s Newsletter
Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween; US and European stocks slide on worsening Covid outbreaks
Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween; US and European stocks slide on worsening Covid outbreaks
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