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

The DePaul University’s Arditti Center for Risk Management’s Annual Risk Conference virtual event will be on February 23rd, 2021 from 2:30 PM to 5:00 PM.

The event starts with a market overview by Jeff James, the lead portfolio manager at Driehaus Capital Management and a DePaul MBA. The first panel is the one I am moderating, “Securing a Risk/Finance Internship or Career.” The panelists are Bevon Joseph, President, Greenwood Project, Troy Kane, Citadel Securities and Mike Dennis, CCO ABN AMRO.

The second panel discussion is titled “Managing Organizational Risk In a Work From Home Environment.” On the panel are Michael Phillips CISO, vSEC, Adjunct Professor, DePaul University (Moderator), Alli Brennan, Head Americas CQG, Lamont Black, Associate Professor, DePaul University, Bob Fitzsimmons, Executive Vice President, Wedbush Securities and Nancy Kearney, Allstate Insurance Vice President, Head of Operational Risk.

Panel 3 is titled “Managing Market Risk in 2021.” On the panel is Suzanne Sprague, CME Group (Moderator), Sunil Cutinho, President, CME Clearing, Max Heitner, Head of Risk, Driehaus Capital Management and Dave Zurkowski – Head of Market Risk, KRM22.

Finally, there is a keynote Q&A address b|y Dr. Richard Sandor, Chairman, American financial Exchange. You can register for the event HERE.

Hong Kong Exchanges and Clearing Limited (HKEX) held a virtual Lunar New Year market open ceremony this morning (Tuesday), hosted by HKEX Chairman Laura M Cha and Interim Chief Executive Calvin Tai, to mark its first trading day of the Year of the Ox.

The good people at Goldman Sachs are offering its investing know-how to the masses. They are about to unveil Marcus Invest, a robo-advisory wealth-management platform.

The American Bar Association Derivatives and Futures Law Committee Innovative Digital Products and Processes Subcommittee Jurisdiction Working Group has published a paper titled “Digital and Digitized Assets:Federal and State Jurisdictional Issues”. K&L Gates was one of the firms that contributed to the paper.

sure sign of March has arrived with McDonald’s iconic Shamrock Shake and Oreo Shamrock McFlurry being available in stores now.

We had no new donations to the JLN MarketsWiki Education GoFundMe campaign yesterday. We have had 125 donors, including a couple who did not use the GoFundMe app, 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

Survey Finds Support From Derivatives Markets For Payment For Order Flow Ban In US
Almost half of respondents to the monthly Acuiti Derivatives Insight survey have backed a ban on payment for order flow in the US markets with 29% saying it should not be banned.

*****This is an interesting result. Why would it be popular?~JJL


In the Long Run, Stocks Really Do Go Up; Returns for most investors squirreling money away over a period of years are clearly positive
Mike Bird – WSJ
In the long-term, stocks mostly go up. That single piece of advice has formed the core of many trillions of dollars of investment decisions. But it isn’t without detractors. One of the counterarguments sometimes cited is Japan: The Nikkei 225 hit 30000 for the first time in three decades this week, but still hasn’t reached its 1989 zenith.

****** I can’t run very far, so the long run is a challenge.~JJL


Goldman Sachs to Offer Its Investing Know-How to the Masses; Elite Wall Street firm is set to unveil Marcus Invest, a robo-advisory wealth-management platform
Peter Rudegeair – WSJ
You used to need at least $10 million in investible assets to draw the attention of wealth managers at Goldman Sachs GS 1.32% Group Inc. Now, all it takes is $1,000 and a smartphone. The Wall Street firm on Tuesday is set to unveil Marcus Invest, a low-cost digital platform that allocates and automatically rebalances individuals’ wealth across portfolios of stocks and bonds based on the models developed by the firm’s investment-strategy committee.

*****Maybe my long run has hope.~JJL


One Alaska king salmon is worth the same as two barrels of oil right now
Laine Welch – Anchorage Daily News
Seafood sales “are on fire” in America’s supermarkets and one king salmon from Southeast Alaska is worth the same as two barrels of oil. That’s $116.16 for a troll-caught chinook salmon averaging 11 pounds at the docks vs. $115.48 for 2 barrels of oil at $57.74 per barrel on Feb. 3.

***** The queen salmon is only worth half?~JJL


Monday’s Top Three
Our top story Monday was Reddit day traders wanted to beat Wall Street to prove the system is rigged. Instead, they did it by losing, from Yahoo!News. Second was Are leveraged Gen Z traders the next systemic risk? from the Financial Times. Third was Clear crypto rules urgently needed as major companies embrace asset: SEC official, from Yahoo!Finance.


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