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 is back up. Thank you to Jeff Bergstrom, JLN’s CIO, for making that happen. In the next day or so, will go over the 200 million page view mark.

Nasdaq is celebrating 50 Years of innovation with a digital exhibit with the Museum of American Finance and Heritage Werks.

DASH Financial Technologies finally announced their agreement to be acquired by ION Investment Group after it was previously reported by Waters Technology.

Mike O’Connor gave to the JLN MarkesWiki Education GoFundMe Campaign. I am trying to figure out which Mike O’Connor this is, but thank you to Mike and all who have given and all who have yet to give. Support our efforts to preserve industry history by giving 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

Explosion in Retail Options Trade Not a Short-Term Blip, Cboe’s Schwartz Says
Suzanne Cosgrove – John Lothian News

In the current options market environment of rapid retail trading growth, data on who is trading what — customer buyers versus firm buyers, that is — is a hot topic right now. In fact, Henry Schwartz, senior director and head of product intelligence at Cboe Global Markets, formerly president of Trade Alert LLC until it was acquired by Cboe in 2020, contends that information about customer flows has become more important than ever to market makers.

Quantitative analysis and how to properly value stocks and options remains critically important, he said, but customer activity and flows have taken over in some sectors, at least for the time being. A traditional valuation of GameStop, for example, would not have explained why its shares rallied in the last two weeks or how implied volatility exploded. “It’s not normal options flow,” Schwartz said in an interview with JLN on Monday, “it tends to focus on hot names.”

To read the rest of this article, go here.


Sponsored Content




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Nasdaq at 50: The company behind the tech-stock index reinvents itself as a financial-tech heavyweight
Shawn Tully – Fortune
When most people hear the name “Nasdaq,” they think of the world’s premier venue for buying and selling tech stocks. The Nasdaq exchange is where the cool kids of Silicon Valley and other points West – – from Jeff Bezos to Steve Jobs to Mark Zuckerberg to Elon Musk – – first offered their shares to all and sundry, and its fame grew as their fledgling companies mushroomed into the world’s most valuable enterprises.

*****I hate to tell Nasdaq what happens at 50, but let’s just say it involves a scope.~JJL


Alex Kearns died thinking he owed hundreds of thousands for stock market losses on Robinhood. His parents are set to sue over his suicide.
Tony Dokoupil, Michael Kaplan, Martin Finn and Cassidy McDonald – CBS News
20-year-old Alex Kearns took his own life last June mistakenly believing he’d lost nearly $750,000 in a risky bet on Robinhood, the stock-trading app where he started trading as a teenager.His parents plan to file a lawsuit, first obtained by CBS News, on Monday accusing Robinhood of wrongful death, negligent infliction of emotional distress and unfair business practices.

*****A sad story that did not have to be.~JJL


South Korean boy investor with 43% gains is new retail trading icon
Cynthia Kim – Reuters
Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of becoming the next Warren Buffett after earning stellar returns of 43% from a hobby picked up just last year: buying stocks.

******In the old days this would be a top. Thank goodness he did not get his trade suggestions from a cab driver.~JJL


Wes Moore to Step Down as CEO of Robin Hood Foundation
Robin Hood Foundation
Combat veteran, bestselling author, and social entrepreneur will depart in May 2021; Moore led the Robin Hood foundation to one of its strongest years in the anti-poverty group’s 33-year history in 2020 – raising over $230 million as the organization filled a critical role in response to the pandemic; Robin Hood is a 501(c)3 organization and not affiliated with any for-profit businesses that use a similar name
Today, Wes Moore announced he will step down as CEO of the Robin Hood foundation in May of this year after a four-year tenure where under Moore’s leadership, the organization raised over $650 million, restructured and refocused the grantmaking portfolio, executed critical relief efforts in response to COVID-19, expanded the role of the organization through policymaking, and launched several initiatives — including a national partnership and the Power Fund to increase supports for nonprofits led by people of color.

******Not that Robinhood. The charitable foundation.~JJL


Monday’s Top Three
Our top story Monday by a wide margin was Bloomberg’s Trading Titan Don Wilson Has Advice for Yellen on Market Fixes. Second was, once again in the top three, CME Group’s CME Group Inc. Names Slate of Director Nominees. Third was Points and Figures’ I Thought I Was Going To Die, about Jeffrey Carter’s struggle with Idiopathic Pulmonary Fibrosis.


John Lothian Newsletter

Today’s Newsletter

Central banks step up fightback against cryptocurrencies

Central banks step up fightback against cryptocurrencies

First Read $49,706/$300,000 (16.6%) ++++ Hits & Takes John Lothian & JLN Staff Would you like to serve the futures industry in the U.S. to preserve the self-regulatory structure? The NFA is seeking committee members and arbitrators. More details are HERE....

We visit more than 100 websites daily for financial news (Would YOU do that?)

Now Read This

The Spread – June 18, 2021

The Spread – June 18, 2021

Inflation really is a thing; Small traders are still big; John Lothian weighs in on the current trading landscape; and Nasdaq wins the May options market share race. All in this and the debut of the options “Term of the Week” in The Spread.

Walt Lukken and Nick Solinger Explain FIA Tech Investor Deal

Walt Lukken and Nick Solinger Explain FIA Tech Investor Deal

FIA Tech announced yesterday a deal to take on 10 global banks as investors in the company in order to grow the for-profit FIA-affiliated firm. John Lothian interviewed FIA Chairman and CEO Walt Lukken and FIA Tech President and CEO Nick Solinger over Zoom about the deal. 

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