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

There were two very interesting donations to the JLN MarketsWiki Education GoFundMe campaign. The Most Interesting Man in the World, Pat Kenny of CQG, donated, as did RSM’s Most Interesting Accountant Paul Nockels. Pat Kenny is this year’s chairman of the LaSalle Street Trading Tech Awards event. Paul Nockels is a leader in the RSM financial services group, the firm that does my corporate accounting. Thank you to both Pat and Paul and all who have given and all who have yet to give. Support our efforts to preserve industry history by donating to our GoFundMe campaign.

The generous and gracious people at FIA have offered me 10 free FIA EXPO-V passes to distribute to readers who are interested in attending this year’s virtual EXPO. Email me at if you would like one.

SGX reports: “We successfully completed the Final Liquidity Switch on 2 November 2020, with more than US$1 billion of positions in the SGX MSCI Taiwan Index Futures seamlessly migrated to the SGX FTSE Taiwan Index Futures.”

Christopher Giancarlo and Daniel Gorfine have an opinion piece published in MarketWatch titled “The future of money should be cashless — with a digital dollar giving faster, easier and cheaper access to your savings.”

Trading Technology Chief Marketing Officer Brian Mehta‘s latest blog post is titled “Listen Up; With everything going on…let’s not forget about Diversity, Equity and Inclusion.

NFA is seeking compliance examiners to join their compliance and OTC derivatives teams in Chicago and NewYork. Learn more HERE.

Look for some significant election news today. Stay calm. Stay safe.

MarketsWiki went over 192 million page views. It is jumping closer and closer to 200 million page views.

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


First Read

Nasdaq Chief Economist Phil Mackintosh’s latest column is “What Options Tell Us About Stock Splits,” about options trading in high priced stocks and the AAPL and TSLA stock splits. You can read it here. ~SR


The Spread: Stocks rise and snow falls


NFA orders Chicago, Ill. introducing broker Infinity Futures LLC to pay a $120,000 fine
NFA has ordered Infinity Futures LLC (Infinity Futures), an NFA Member introducing broker located in Chicago, Ill., to pay a $120,000 fine. Infinity Futures is a wholly-owned subsidiary of York Business Associates LLC (York), an NFA Member futures commission merchant located in Deer Park, Ill., and introduces substantially all of its business to York. NFA also ordered Infinity Futures’ associated person (AP) Patrick Zielbauer to pay a $20,000 fine. Finally, NFA ordered Infinity Futures to continue to record all of Zielbauer’s communications for three years.

*****Infinity should be investigated to infinity and beyond!~JJL


World’s Hunger Problem Means Some Nations Risk Famine, UN Says
Agnieszka de Sousa – Bloomberg
Famine may affect Burkina Faso, Nigeria, South Sudan, Yemen; Conflict, Covid-19 and climate woes threaten food security: UN
The world’s hunger problem is worsening and some nations in Africa and the Middle East could soon slip into famine as conflict, economic hardship, weather extremes and the Covid-19 crisis limit access to food. That’s the warning from the United Nations, which said areas of Burkina Faso, northeastern Nigeria, South Sudan and Yemen face famine if conflict escalates and humanitarian access is further cut in the coming months. Food insecurity is rising globally and another 16 countries are at high risk of more acute hunger, the UN’s Food and Agriculture Organization and the World Food Programme said.

*****Here is an issue we should be focused on. Hunger is all around the world, but also in our own communities. But famine takes it to another level.~JJL


Thursday’s Top Three
Our top story Thursday was The Financial Times’s Japan’s ethical capitalism has lessons for the world on ESG, an opinion piece from the joint head of Asia Pacific equity research at Nomura. Second was CFTC Approves Eris Clearing, LLC to Clear Fully-Collateralized Swaps, from the CFTC. Third was another CFTC press release, CFTC Designates KalshiEX LLC as a Contract Market.

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