Is there any protection for my futures account? That is the key question for futures customers today and quite likely, the answer is “no” or “not much.” While dialog and debate ranges on the type of customer protection fund or insurance that might or might not work,...
SIPC
Third-Party Custodians: Here, Hold On To This
Futures customers are still wondering just how their money can stay protected in the case of a default by their broker. While some solutions are still in the concept stage, others are available right now. Horizon Cash Management's Michael Markowitz explains the...
John Lothian Newsletter: Deal Size Becoming A Bigger Deal In Investment-Grade Bond Issues; Canada Examines How Benchmark Rates Get Set; Foreign outcry over ‘Volcker rule’ plans
Corporate bond investors find themselves managing liquidity issues as bank trading partners shed their holdings in advance of tighter regulations. Canada joins in the LIBOR price-fixing hunt. The US hears strident objections from overseas regarding the impending...
Pay Now or Pay Later
So far the number one voted-on question on FuturesCrowd.com is "The Number One Priority: Make the Customers Whole." I put that question on the site. I have heard lots of people express this sentiment: that in order to restore customer's confidence in the futures...
U.S. Senate Committee on Agriculture’s MF Global Investigation Testimony – Panel 3
Video of Panel 3 of the U.S. Senate Committee on Agriculture's hearing, plus links to written testimony. Featuring: Terrence Duffy, Executive Chairman, CME Group (View written testimony - PDF) James W. Giddens, Trustee, Securities Investment Protection Act...
Guest Commentary: How to Save the Futures Industry
Guest Commentary By Jeff Malec, CEO - Attain Capital Management: To say the MF Global situation is a mess may be the understatement of the century. What began as an excuse to extol the segregated account's safeguards against an FCM stock slide as MF Global shares lost...
CME Customer Letter Brings Empathetic Clarity to Unclear Situation
The CME Group is getting bashed in the hallways, elevators and reportedly on the trading floors of the exchange over the way the MF Global bankruptcy played out. While some of this sometimes caustic criticism is justified, much of it is not. Yesterday the CME put out...
Extraordinary Times Call for Extraordinary Measures
Today the CME Group is expected to file with the SIPC appointed bankruptcy officials and federal authorities a plan for how to proceed with their part of the orderly liquidation of MF Global, specifically the movement of open futures and futures options positions to...
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