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

We have new remembrances of the late George Gero from Sam Glasser, former energy editor at the Journal of Commerce, former NYMEX member and board member Harvey Wachman, Fred Mascia, Steve & Edie Errera and former SFOA official Paul Meier

It is “How Big is your IPO Business” Day at Nasdaq and NYSE as both exchanges issued press releases (NYSENasdaq) about the success of their respective IPO businesses. The NYSE makes the claim for the most IPO proceeds, while Nasdaq is close behind in proceeds, but focused on the number of IPOs. Oh, and they mentioned the number for firms that switched from NYSE to Nasdaq too.

The NFA’s latest Board Update video is out. It is produced by John Lothian Productions.

I really like the NFA’s theme music. It gives the self regulatory organization a very dynamic feel to it.

Catherine Yoshimoto was a guest on Futures Radio Show with Anthony Crudele. The subject of the podcast is “Keep Your Eye On The Russell 2000.” Speaking of Anthony Crudele and Futures Radio Show, Anthony conducted an interview with the late Geoge Gero in 2018 about trading precious metals.

FIA has published a commentary by the FIA staff titled “Brexit end game: state of play for financial firms.”

Bloomberg said Germany reported over 45,000 cases of the coronavirus on Thursday, its biggest-ever jump in infections. Also, French President Macron has tested positive for the virus. That puts the UK’s Johnson, the U.S.’s Trump and now France’s Macron all among those who have contracted the virus.

Here is what former New Jersey Governor Chris Christie says in a national ad video about the virus: “You know, lying in isolation in the I.C.U. for seven days, I thought about how wrong I was to remove my mask at the White House. Today I think about how wrong it is to let mask wearing divide us…Please wear a mask.”

Here is the Season’s Greetings message from the London Metal Exchange. Thank you LME. They have very nice music too, not too heavy on the brass.

Eurex is bringing back “Derivatives Forum Frankfurt 2021 – virtual edition” on Mar 23, 2021 at 7:00 AM – Mar 24, 2021, 12:00 PM

Kassie Davis, the executive director at CME Group Foundation, published a piece on LinkedIn titled “New Study Shows Positive Trends in Chicago Computer Science Education.”

The CME Group Tour Championship LPGA 72-hole no-cut event this year will offer a purse of $3 million.

ADMIS is looking to hire a deputy chief compliance officer.

I don’t know about you, but all this talk of ether puts me to sleep.

Yesterday JLN held a holiday party instead of our usual editorial meeting on Wednesday afternoons. We did a round robin discussion disclosing what our outside activities and hobbies are. Patrick Lothian disclosed he and some widely dispersed friends engage in a game of “for or against” in the form of a podcast. This was a show he and these friends came up with back in 2009ish when they created Maybe Hip TV, their own internet television network. Who knew? Another employee has a koi pond in his backyard. Another one paints pictures and another paints small figurines. I disclosed that I am attempting to build birdhouses.

We had no new donations to our JLN MarketsWiki Education GoFundMe campaign. Support our efforts to preserve industry history by donating 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


First Read

Bitcoin Soars Above $23,000 as More Wall Street Firms Pile In
Joanna Ossinger – Bloomberg
Largest cryptocurrency has jumped about 20% this week; Question remains whether the climb will gave way to a bust
Bitcoin breached $23,000 for the first time in history as more Wall Street names crowd into the the world’s largest digital currency up 220% this year. As momentum builds, analysts predict more gains ahead.

*****The difference this time is the greater fools have deeper pockets.~JJL


AMERIBOR Benchmark Offers Options for Bank Capital Raises
Dr. Richard Sandor –
Banks that belong to the American Financial Exchange (AFX) are not waiting until 2021 to make the switch away from the troubled London Interbank Offered Rate, or LIBOR, interest rate benchmark for pricing their offerings in the capital markets.

*****When the Doc speaks, people listen. I know I do.~JJL


Sweden’s king says country’s coronavirus strategy has failed; Light touch approach has left it with far higher death toll than its Nordic neighbours
Richard Milne – FT
Sweden’s king has admitted that the Scandinavian country has failed with its coronavirus strategy, which has left it with a far higher death toll from the pandemic than its Nordic neighbours. Carl XVI Gustaf told Swedes in his annual Christmas address that the country had suffered “enormously in difficult conditions” and that it was “traumatic” that many relatives of the almost 8,000 people to die with Covid-19 had not been able to say goodbye to them.

*****The King’s Speech, Swedish Style; hold the meatballs.~JJL


Global rich must cut their carbon footprint 97% to stave off climate change, UN says
Irina Ivanova – CBS News
This year’s economic shutdowns have done little to reduce the world’s carbon emissions. While pollution has dipped, greenhouse gases keep accumulating in the atmosphere, locking in future decades of climate disruption and extreme weather. A recent United Nations report says the so-called emissions gap — the “difference between where we are likely to be and where we need to be” on climate policy — is as big as ever.

*****Alex, I’ll take, “Things That Will Never Happen” for $200.~JB


Wednesday’s Top Three
Our top story Wednesday was How Kelly Loeffler’s Firm Facilitated an Enron-Like Scandal from Mother Jones – its third time in the top three. Second was The Trade’s Cboe to launch crypto indices following major data deal with CoinRoutes. Third was the press release from Cboe on that same news, Cboe Global Markets and CoinRoutes Enter Exclusive Licensing Agreement for CoinRoutes RealPrice Cryptocurrency Market Data.

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