John Lothian

John Lothian

Executive Chairman and CEO


The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.


Hits & Takes

JLN Staff

FIA President and CEO Walt Lukken personally invites you to join FIA for the virtual Futures and Options Expo this November 10-12. Expo-V brings you three days of programming, including keynote sessions with University of Maryland vaccinologist Dr. Kathy Neuzil, SEC Commissioner Hester Peirce, revered Silicon Valley journalist Kara Swisher and CFTC Chairman and Chief Executive Heath Tarbert as well as 1:1 interviews with exchange leaders from Cboe Global Markets, CME Group, Eurex, ICE and Nasdaq. Expo-V features a robust exhibit hall with more than 20 exhibitors and 10 fintech start-ups in the Innovators Pavilion. This is your opportunity to connect with the cleared derivatives community. Learn more at and register.

John Mulaney is going to host Saturday Night Live next week. He is a friend of Bobby Otter, the son of CBOT member Bob Otter. John also worked one summer on the floor of the CBOT for Bob as a clerk in the soybean pit. He has been a writer for SNL and has a short skit he did about playing the song “What’s New Pussycat?” 21 times on a jukebox. Bob Otter shared this with me after reading the Bill Gross Gilligan’s Island theme song story yesterday in JLN. I would like to suggest that John Mulaney would make an excellent choice for a comedian the next time the CME Group holds the Pinnacle Awards dinner.

Tom Price, my former employer at The Price Futures Group, Inc. and the legendary George Gero, Mr. Metals, are the latest to donate to the JLN MarketsWiki Education GoFundMe campaign. Tom is now retired in South Carolina with his wife, Nancy. George is a Managing Director – Financial Advisor at the Senior Consulting Group at RBC Wealth Management, among a myriad of other responsibilities. He was inducted into the FIA Futures Hall of Fame in 2019. Thank you to Tom and George and all who have given and all who have yet to give. Support our efforts to preserve industry history by contributing to our GoFundMe campaign.

Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL


Reminder – The Women in Listed Derivatives (WILD) Gives Back trivia event is tonight.
Auction hours have been extended to Friday Oct 30 at 5pmCT. The online auction is live and open to everyone, and 100% of the proceeds from the auction and the trivia event go to fund Women in Finance. You can go here to register for the event and here to find out more about the auction.~SR


First Read

The Algorithm That Could Get You Back in the Office; How open is too open? To help employers reduce outbreak risks after bringing workers back, new tech tools can juggle schedules and map office hot spots.
Andrew Zaleski – Bloomberg
In January, Nick Eurek was ready to reveal the product he’d spent three years developing. He’s the co-founder of Maptician, a small, Georgia-based firm that started 2020 prepared to sell its new analytical tool that maps the floor plan of an office and, on a mobile app, shows employees in real-time where people are sitting. The idea was that this could help workers maximize their time with colleagues.

*****The formula begins like this, #if there is an airborne pandemic, don’t go to the office.~JJL


Turkey Bars Health Workers Quitting as Covid Deaths Near 10,000
By Selcan Hacaoglu – Bloomberg
Turkey’s government barred public health workers from quitting or retiring, as a surge in coronavirus cases brings the death toll near 10,000. The ban applies to doctors, nurses and other health workers in the public sector and is meant to ensure an uninterrupted fight against Covid-19, the Hurriyet newspaper reported Wednesday, citing an order from the Health Ministry.

*****Draft them in the army, then you can shoot them for disobeying an order.~JJL


Tuesday’s Top Three
Our top story Tuesday was a tiny bit out of left field: the Los Angeles Times’s Investor Bill Gross accused of blaring ‘Gilligan’s Island’ song on loop to torment neighbor. Second was The Guardian’s How does one of the world’s biggest pork firms go bust during a boom?, with some interesting insights into the politics of the pork industry. Third was Loeffler and Sprecher’s $31 million year, from The Atlanta Journal-Constitution.

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Mike Cavanaugh – Open Outcry Traders History Project

Mike Cavanaugh – Open Outcry Traders History Project

Mike Cavanaugh found his way to the trading industry despite his degree in political science because he had a brother-in-law in the wheat pit at the CBOT. He did a summer internship working for “one of the more prolific wheat traders” and soon fell in love with the place. 

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