Traders Position For Lower Volatility; Stock Valuations Are ‘Frightening’
LME
Cboe to launch Dutch derivatives hub in 2021; LME seeks to boost options market with new electronic system
Cboe to launch Dutch derivatives hub in 2021; LME seeks to boost options market with new electronic system
Lessons Learned in Real Time
At the end of the IDX-V session on the lessons learned Wednesday, just after Chris Smith from LME mentioned the importance of infrastructure for working from home, my internet failed. FIA’s Don Byron, who moderated the panel, had mentioned how when the movie Frozen II...
RCG Weathers Record Cold, Becoming RCG Division of Marex Spectron
Rosenthal Collins Group (RCG), the well known Chicago FCM, was recently acquired by London-based Marex Spectron. After a transition that took place over one freezing Chicago weekend, it has been fully integrated into the company and is now the...
Bcause LLC declares voluntary bankruptcy
BCause LLC, a cryptocurrency mining operation that expanded to a server farm in Virginia Beach over a year ago with help from a city grant of up to $500,000, has filed for bankruptcy protection along with its subsidiary BCause Mining LLC.
The LME’s Ambitious Tech Revamp – Matt Chamberlain, LME
London Metal Exchange CEO Matt Chamberlain knows that the more than 150-year-old exchange has not been at the front of the pack when it comes to technology, but he also knows that gives it an opportunity to survey what other market...
Gold Badges and Boozy Breakfasts: Inside the Frenetic Fight for IPO Listings
The OCC’s ENCORE clearing system, while resilient, is long in the tooth and inflexible. OCC’s Project Renaissance aims to revamp the central counterparty’s data, risk management and clearing systems.
Europe to recognise LCH, ICE & LME as CCPs in ‘no-deal’ Brexit
Get a FREE 90 day trial of John Lothian Newsletter First Read Hits & Takes JLN Staff Illinois Governor J.B. Pritzker formed two task forces to tackle the state's pension problems. Former CBOE CEO William Brodsky is co-chairing one of those...
Quadriga Clients Won’t Get Help From Regulator on Lost Crypto Millions
Get a FREE 90 day trial of John Lothian Newsletter First Read Hits & Takes JLN Staff Three-month LIBOR fell by more than four basis points yesterday — the biggest drop in a decade. How's that SOFR stuff doing again?~SD ICE's 2018 data and...
The Malign Incompetence of the British Ruling Class
Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffThe FIA issued an advocacy piece titled "FIA Urges Regulators to Eliminate Barriers to Clearing."~JJLPart one of the 13th amendment of the US Constitution...
Exchanges warn SEC against muscling in on market data cost debate
Get a FREE 90 day trial of John Lothian Newsletter First Read Hits & Takes JLN Staff The theme of the day is where former exchange chairmen are living. The good news is Leo Melamed and his wife Betty have sold their home on the...
The OCC Capital Plan; LME’s Copper Dominance Tested; VIX Surge
Get a FREE 90 day trial of John Lothian Newsletter Observations & Insight Tuesday's Tidbits Spencer Doar - JLN Yes, the VIX has been on the rise, but VIX activity pales in comparison to that of Cboe's Brazilian volatility gauge (VXEWZ), which is the VIX...
Exchanges on offensive in market data cost dispute; Bitcoin turns boring
First Read POV: Are Publicly Traded Exchanges Sticking It To You? Jim Kharouf - JLN There is a recurring criticism of publicly traded exchanges - that they are not serving the needs of their customers, all to satisfy shareholders. Such was the essence of the argument...
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...
John Lothian Newsletter
Today’s Newsletter
How Many Americans Will Ayn Rand Kill? Liberty doesn’t mean freedom to infect other people; EU explores tougher curbs on City hedge fund managers
First Read $9,041/$300,000 (3%) How we think and what we think about Peak6 is about to change By John J. Lothian Peak6 was founded as a proprietary trading firm in Chicago by Matthew N. Hulsizer and Jennifer Just. We might think of Peak6 as the firm with the...
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JLN Options Newsletter
Today’s Newsletter
If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
If Trump’s Election Prospects Were an Option, It Would Be Out-of-the-Money; Bitcoin’s market run-up sends options to all-time high for open interest
Everything you need to know about Options Today