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
Welcome to Day 3 and the last day of Boca. Normally we would be getting our golf clubs ready for some fun on the beautiful Boca Resort golf course, but instead we are finishing up with sessions on sustainability.
Dr. Richard Sandor is the latest to offer a Jack Sandner remembrance. Thank you, Doc, for sharing your memory of the late great Jack Sandner. We are still accepting remembrances for Jack. Please email me at email@example.com
The Chicago Fed’s Financial Market Group has an opening for a Lead Financial Markets Analyst who is interested in technology, digital currencies, and fintech policy and research.
Introducing broker Daniels Trading has unveiled a new StoneX brand and services. Daniels was acquired last year by StoneX Group, Inc.
Rory O’Kane is the latest to give to the JLN MarketsWiki Education GoFundMe campaign. Rory is a long-time JLN reader who is a managing director with Simplex Investments. He was formerly a senior vice president with Two Sigma, and a managing director with KCG Holdings and Knight Capital before that. We first encountered Rory when he was with TD Securities. Thank you to Rory 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
Spoofing Report Update: Defendants James Vorley and Cedric Chanu’s motions for a new trial were denied Wednesday morning by the trial judge, Judge John J. Tharp, Jr. of the Federal District Court for the Northern District of Illinois. The two former Deutsche Bank precious metals traders were found guilty of criminal spoofing by a jury last September. Attorneys for Vorley and Chanu had based their motions on, among other things, issues resulting from conducting a trial held during the pandemic. The court also set aside the defendants’ “Rule 29” motion for acquittal. Pending appeals of the decisions, sentencing, which may include jail time, was set for June 21, 2021. ~Thom Thompson
Chimps from two Czech zoos are Zooming each other
We humans may be tiring of video calls, Zoom birthdays and streamed performances, but the chimps at two Czech zoos are just starting to enjoy their new live online linkup.
To make up for the lack of interaction with visitors since the attractions closed in December under Covid-19 restrictions, the chimpanzees at Safari Park Dvur Kralove and the troop at a zoo in Brno, 93 miles away, can now watch one another’s daily lives on giant screens.
*****Monkey see, monkey do…although I guess chimps are technically apes.~MR
WallStreetBets Founder Reckons With Legacy Amid Stock-Market Frenzy; Jaime Rogozinski likens recent surge in GameStop shares to a ‘train wreck happening in real time’
Akane Otani – WSJ
The man who created Reddit’s WallStreetBets isn’t who you think he is. He is 39 years old. He lives in Mexico City with his wife, a physician, and spends his weeks chasing after their 3-year-old twins and tending to his day job as a consultant—hardly the sort of character one might associate with the roiling investing forum.
*****Don’t worry about legacy. Just do the right thing and it will take care of itself.~JJL
The Federation Of Euro-Asian Stock Exchanges Holds “Meet The Market With FEAS | Securities Market Of Armenia” Virtual Event
On March 17, 2021, The Federation of Euro-Asian Stock Exchanges (FEAS), alongside with its members Armenia Securities Exchange and Central Depository of Armenia, held the “Meet the Market with FEAS | Securities Market of Armenia” virtual event.
*****I just joined the event at the end when they were saying goodbye. Argh!~JJL
Wednesday’s Top Three
The most-read item in the newsletter on Wednesday was a press release from former Cboe CEO Bill Brodsky’s new venture, Options Solutions Offers Options Strategies that Seek to Boost Income and Lower Risk. The second most popular story was the tribute page from John Lothian News, Jack Sandner Remembrances. And third was from Fathom Communications’ Chuck Mackie, Boca Bits: Notes From Day One of FIA Boca-V 2021.