Hits & Takes
John Lothian & JLN Staff
The Tokyo Commodity Exchange, or TOCOM, has issued a warning, “Beware of fake TOCOM website.” There are three fake websites that look like TOCOM’s, but are not. The REAL Tocom websites are:
– Japanese: https://www.tocom.or.jp/jp/
– English: https://www.tocom.or.jp/
– Chinese: https://www.jpx-tocom.com/
Cboe Global Markets reported its May 2021 trading volume, and highlights include options average daily volume, or ADV, up 15% over May 2020. Futures ADV was up 99% compared to a year ago, and trading in the IBIG futures, or Cboe® iBoxx® iShares® $ Investment Grade Corporate Bond Index, reached an all-time high. The Cboe global FX average daily notional value, or ADNV, was up 5% year over year. Cboe saw records in Cboe SEF NDF, or swap execution facility non-deliverable forwards, trading setting a new monthly record. Their European equities ADNV was up 28% over May 2020. U.S. equities ADV was up 6% over April 2021. — Cboe Global Markets
We have the first part of two videos of an interview with attorney and trader Sheldon Cohen for the Open Outcry Traders History Project. Sheldon has a great story to share.
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Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL
Mavenwave’s Chuck Mackie has a recap of the Google Cloud Financial Services Summit 2021, which was produced on May 27, 2021. It includes reports on: Capital Markets: BNY Mellon Tackles AI and Digital Transformation; Payments: Pushing the Frontier with Global Payments; Insurance: Activating a Data Strategy with AXA Switzerland and QBE Insurance; Banking: Deutsche Bank Makes a Big Bet on Google Cloud; and Google Cloud: Partnering to Deliver Innovation. You can read it here.~SR
We recently mentioned Running4Oxygen, CrossTower‘s initiative to provide emergency help to victims of a second wave of COVID-19 in India. It’s a personal mission for the company’s co-founder and CEO, Kapil Rathi. “Pretty much everyone I know in India has been affected,” including family members, he told JLN in an interview last week. The fundraiser has picked up momentum and sponsors in recent days, and CrossTower has posted suggested routes for Running4Oxygen runs at the Bitcoin 2021 conference in Miami, which takes place today and Saturday. More information is available here. ~SC
Sheldon Cohen – Open Outcry Traders History Project – Part One
Attorney Sheldon Cohen started out his trading career as a risk manager for Goldberg Brothers, a CBOT clearing firm that was later sold to LIT Holdings, and eventually began trading at the Midwest Stock Exchange. He bought his own seat at the Chicago Board Options Exchange (CBOE) in 1976.
AMC Stock Sale Comes With Warning to Traders: Be Prepared to Lose It All
Katherine Greifeld and Vildana Hajric – Bloomberg
Company said entire investment may be lost in offering; It’s uncommon to see such a dire warning in stock sale
Investing in AMC Entertainment Holdings Inc. comes with the promise of free popcorn, special screenings — and the chance you’ll lose all your money. That last part is a warning the movie chain and its lawyers made in a regulatory filing on Thursday announcing its intention to sell more than 11 million shares to a market dominated by frenzied retail traders.
*****That should be in the template risk disclosure.~JJL
Beware of fake TOCOM website
A fake website has been found that looks like TOCOM’s website. TOCOM has no association whatsoever with these kinds of fake websites. If you access them, please beware there may be risk of damages. TOCOM website addresses are as follows:
****** Fraud comes in many different languages.~JJL
The Age of Reopening Anxiety; What if we’re scared to go back to normal life?
Anna Russell – The New Yorker
A woman nervously hides behind a tall wall of soup cans.
Cave syndrome is a spectrum, with queasiness at the thought of a grocery-store trip on one end and full-blown social withdrawal on the other.
Sometime during London’s third lockdown, when everything was still closed, I began watching the squirrels in the tree outside my window intently. There were two of them, and all winter they chased each other around the branches flirtatiously. By early spring, they had built a nest in the crook of the tree and, whenever one of them left, the other would poke its head out, concerned. Recently, I noticed three smaller heads peeking out—squirrel babies!—and not long after that, I began relaying the whole tale as an anecdote to friends in outdoor beer gardens, which had just reopened. Three of them! Can you believe it? Amazingly, they could. They smiled politely, waiting for a punchline that never came. There weren’t many follow-up questions.
***** I am not sure what normal life is, or what the new normal will be.~JJL
Masks have stopped disease spread for centuries. Here’s why they may catch on in the U.S.
Lindsey Bever – Washington Post
More than a year into a pandemic that has sickened tens of millions of people in the United States and killed more than 500,000, most people are eager to reclaim some semblance of their former lives.
*****If I wear a mask, it is not because I am not vaccinated. I am vaccinated. But I am also still very careful, because 90% or 95% is not 100%.~JJL
Thursday’s Top Three
The top clicked story Thursday was Pit Closures = Corn, Soybean Market Instability, Trader Says, from Successful Farming. Second was the Bloomberg opinion piece AMC and GameStop Frenzy Goes Beyond Casino Mentality. And third was a repeat from Wednesday’s top three, Four Ways to Keep Working From Home When the Boss Wants You Back, also from Bloomberg.