How zero-fee trading helped Citadel cash in on retail trading boom; London Stock Exchange chief appointed CEO of FCA
Jay Clayton
Regulators across Europe clash over bans on short selling; Euronext confirms it will not make bid for BME
First Read Hits & Takes By John Lothian & JLN Staff Pat Arbor is the subject of the latest MarketsWiki Education Open Outcry Traders HIstory Project video. Arbor, the longtime chairman of the Chicago Board of Trade in the late open...
Index funds break through $10tn-in-assets mark amid active exodus; Senator Whose Spouse Runs Major Exchange to Help Oversee Regulator
First Read Hits & Takes By JLN Staff Today we have the Open Outcry Traders History Project video interview of Marc Nagel, a former pit trader at the CBOT, but also a lawyer, CPA, derivatives consultant and expert witness. He is also the former head of...
Ken Griffin Has Another Money Machine to Rival His Hedge Fund; Three Men Are Charged in $722 Million Cryptocurrency Fraud
First Read Hits & Takes By JLN Staff My former Price Group colleague and friend Martin Hollander and his family are among those reported missing from the volcano explosion in Whakaari/White Island. I am beyond devastated by the news.~JJL...
Robinhood Traders Discovered a Glitch That Gave Them ‘Infinite Leverage’
First Read Hits & Takes By JLN Staff FIA's Will Acworth's take on CFTC Chairman Heath Tarbert's speech at EXPO is titled "CFTC's Tarbert vows to promote 'integrity, resilience and vibrancy' of derivatives markets."~JJL Wedbush Securities...
How Many Lives Does This CAT Have Left?
If the old saying holds true, one has to wonder how many lives the Consolidated Audit Trail (CAT) has left. Yesterday, it was leaked to the WSJ that the contractor hired to build the Consolidated Audit Trail, Thesys Technologies, was fired by...
Cboe lawsuit; Background on LJM losses; Vol to stay?
Observations & Insight Access-Fee Pilot: Fewer Fees, More Fragmentation? Rob Daly - MarketsMedia The access-fee pilot proposed by the U.S. Securities and Exchange Commission may increase fragmentation in the equity markets as...
Widespread Fraud in ICOs and Penny Stocks Shocked SEC’s Jay Clayton
First Read Hits & Takes JLN Staff Thank you to all who donated to the Gofundme campaigns mentioned in the newsletter yesterday. I could not be more proud of you all for your outpouring of support and generous response. The goal...
Clayton and Giancarlo on Crypto; Aramco IPO Implications; May’s Brexit talk
First Read Hits & Takes JLN Staff The Chairman of the Commodity Futures Trading Commission (CFTC), J.Christopher Giancarlo, will be a keynote speaker at Boca 2018! You looking for something to trade? CME is holding a course: Introduction to TOPIX on the Tokyo...
US financial regulators warn investors on bitcoin risks; Asian buyers spur bitcoin rise
First Read Hits & Takes By JLN Staff A new survey from DTCC shows geopolitical risk as a top 5 concern of 69 percent of those surveyed - an all-time high. Plenty of other fun stats and infographics in there to digest.~SD Deutsche Boerse turned 25 years old. I...
White House commits to ending Wall St tax loophole; SEC Chairman Froze Agency’s Approval of Chicago Stock Exchange Sale
First Read Hits & Takes By JLN Staff Today we have part one of a two part series titled "The CFTC and Fintech Innovation, Goals of LabCFTC" featuring an interview with CFTC Chief Innovation Officer Daniel Gorfine. ~JJL The FIA has asked me to moderate a panel at...
LSE fires back at EU plot to seize euro-clearing; Jay Clayton Confirmed as SEC Chairman; CFA Institute mulls adding ‘big data’ to financial analyst exam
First Read FinTech Exchange: Haraburda Says Alternative Data the Next Step JohnLothianNews.com How big is your data set? Mark Haraburda, CEO of Barchart, which hosted the FinTech Exchange 2017 conference last month, said the data space is quickly expanding and...
Wall Street braces for rough ride as exchanges seek more speed bumps; Euronext to move derivatives clearing business from LSE to ICE; Davidson Joins OCC as President and Chief Operating Officer
First Read Finding FinTech On April 27th, the third annual FinTech Exchange 2017 will be held in Chicago. This event, hosted by Barchart, has built itself into an innovative, informative and valuable conference, thanks to the work of Barchart's Mark Haraburda, Colleen...
Chicago Wants to Be a Hub for China Stock Trading; Wall Street’s Volatility Pioneer Searches for Latest Fear Trade; Hedge fund redemptions a dismal end to a bad year
First Read My Picks for CFTC and SEC Commissioners By John J. Lothian Despite repeated inquiries to knowledgeable industry players, there is little buzz about prospective new CFTC and SEC Commissioners outside of the chairmen. So if there is no buzz, then let's create...
John Lothian Newsletter
Today’s Newsletter
Banks roll out robots as pandemic shakes up IT plans
First Read $11,441/$300,000 (3.8%) Thomas F. Chlada, Earle Combs, Gerry Corcoran and Martin Mosbacher ++++ Steptoe & Johnson LLP Makes Good Use of Pandemic Time with Financial Services University Video Series By John J. Lothian Matthew Kulkin of Steptoe &...
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JLN Options Newsletter
Today’s Newsletter
Pandemic’s latest spread triggers surge in VIX ‘fear gauge’ for U.S. stocks; Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End
Pandemic’s latest spread triggers surge in VIX ‘fear gauge’ for U.S. stocks; Bitcoin’s Options Market Sees Just 6% Chance of $20K Before Year’s End
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