“Ultimately I think that anyone who believes in fairness, or believes that people should compete on the merits of their ideas and hard work rather than advantages that they have purchased, can appreciate why IEX was created and why it has succeeded so far.” In...
IEX
Clearing Firms Simulate Lehman-Like Default During Brexit Chaos; Lawmakers urge SEC to stop Chicago Stock Exchange’s China deal; NYSE Revamp Steps Up Threat to Speed-Fighting IEX Exchange
First Read Bits & Pieces By John J. Lothian We have a couple of changes to our MarketsWiki Education World of Opportunity series in New York due to some last minute scheduling conflicts. Jennifer Nayar will be replaced by Brian Cassin, head of product and strategy...
Traders test OPEC ‘whatever it takes’ resolve to defend oil price; The VIX is not a Fortune-Teller; ‘Vol’-Apalooza: A Handy Reference Guide To Low Volatility Regimes
Observations & Insight Are You Registered? If you haven't registered for our Trading Chicago event, a joint effort between John Lothian News and FOW, now is the time. The one-day event is set for June 28th at the Swissotel in Chicago. You can register HERE and see...
Banks shed bond indices as regulation tightens; IEX chief sticks to principles in battle for presence; Michael Rüdiger, new Chairman of the Exchange Council of the Frankfurt Stock Exchange
First Read John Lothian News Takes to the Road Again, Going High and Low By John J. Lothian John Lothian News is sending a team to London tomorrow for the FIA Global's IDX conference, and meanwhile yours truly is setting off on another Scouting trip to Kentucky to...
Intercontinental Exchange Announces Agreement to Acquire Global Research Index Platform from Bank of America Merrill Lynch; HKEX Announces Senior Appointments; This Blockchain Bubble Might Be a Good Thing
First Read Getting Animated About Trading Chicago JLN If you haven't signed up for the FOW-JLN conference Trading Chicago on June 28th, it is a solid program worth checking out. Speakers this year include the Streetwise Professor Craig Pirrong, Leslie Sutphen and Gary...
Are Traders Creating a Bizarre New Feedback Loop?; Lies, Damn Lies, and Financial Statistics; ICE Clear Credit Expands Clearing for Global Financial Corporate Single Name CDS
First Read Bits & Pieces By John J. Lothian It has been two years since Spencer Doar joined John Lothian News as an intern, then later becoming a full-time employee and integral part of the JLN Team. He has the second longest employment streak at the company of...
Credit Suisse Probe Opens Old Wounds; Trump Wants a Pro-Business SEC. That Has Some Investors Worried; Goldman warns Federal Reserve over commodity trading rules fallout
First Read Bits & Pieces By John J. Lothian William "Bill" Hagerty, Jr., former Chairman of the Chicago Board of Trade and one of the industry's great gentlemen, has passed away at the age of 87. Bill was the head of what was once the longest tenured member firm...
Robot Traders Jolt Life Into Slow-Speed European Stock Venue; Irishman targets more disruption in ‘trading war’ with Wall Street; Europe Needs a Higher Price on Carbon
First Read Take Our Survey: Yeah, really By Jim Kharouf, JLN Editor-in-Chief & CEO If you're like me, you're about to roll your eyes but hang in there. We need your help on our annual survey. If you're still reading, it's really import. This 3-minute survey helps...
NYSE, Former IEX Foe, Plans a Copycat Speed Bump of Its Own; MarketAxess breaks annual trading volume record; BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan
First Read NYSE Outlines 2017 Equity Market Strategy: Intercontinental Exchange NYSE Group, part of Intercontinental Exchange, today detailed its equity markets strategy, which aims to deliver greater choice for corporate and ETF issuers and to investors by offering...
PDQ’s Don Ross: Why Speed Kills Equities Markets And How Auctions Can Save Them
The future of stock markets is becoming less about speed and more about trading securities in different environments, particularly auctions. Several exchanges have introduced new auction models aimed at slowing the market down in different ways for different...
Adena Friedman to take the helm at Nasdaq; SEC Chairman White to Leave Agency, Opening Door to Conservative Shift; Deciphering Cybersecurity, the CAT and a New Presidency
First Read November 7 to 11 and November 14, 2016 (Spoofer Pleads; Pre-Hedging Futures Blocks; Form 40 and Reg AT Again; President Trump) Gary DeWaal - Bridging The Week Last week, Navinder Singh Sarao - accused by both the Department of Justice and the Commodity...
CHX: Ownership Matters
Chicago Stock Exchange Seeks Transformation in New Owners and Trading Processes With over 50 venues in the U.S. to execute trading of shares of stock, the Chicago Stock Exchange (“CHX”) unfortunately only stands out for its being overlooked. Its management seeks to...
Notes from the first day of the STA 83rd Regulatory Conference
STA 2016 started off with a moment of silence for former STA chairmen and others who had passed away in the last year and then a bang with the singing of the national anthems of Canada and the USA performed by Jennifer Litwin, Greenwich Associates. She can belt them...
John Lothian Newsletter: Deutsche Börse to create dedicated fintech venture fund; Drop the U.K. Panic Talk and Protect Global Markets; Hedge Funds Still Can’t Figure Out a Way to Avoid a $25 Billion Tax Bill
First ReadMFA Has Come to Town, or So We HearDoug Ashburn, JLNThe Managed Funds Association has tiptoed into Chicago today to host Forum 2016, its flagship event that brings together asset allocators and CTAs and hedge fund managers for education and networking. I say...
John Lothian Newsletter
Today’s Newsletter

Big Business Backs Away From Trump’s Party But Longs for Old GOP
First Read $24,451/$300,000 (8.2%) ++++ A more perfect union; FIA President and CEO Walt Lukken shares a personal perspective on Washington riots Walt Lukken - FIA Normally, this column offers opinions on the global policies and trends of our industry, but last week's...
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JLN Options Newsletter
Today’s Newsletter

Options Feedback Loop Revives Bust Warnings in Soaring Stocks; Short Interest in World’s Biggest ETF Plunges to Decade Lows
Options Feedback Loop Revives Bust Warnings in Soaring Stocks; Short Interest in World’s Biggest ETF Plunges to Decade Lows
Everything you need to know about Options Today