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

Hits & Takes
John Lothian & JLN Staff

The FIA has released a surveillance and market abuse guideline report to assist market participants in fulfilling obligations set by UK and European regulators in relation to surveillance and market abuse requirements.

The CME Group Launched an FX Options Volatility Converter Tool yesterday. This new service is the first-ever tool to price CME Group’s listed FX options liquidity in over-the-counter (OTC) terms,helping foreign exchange traders to more easily monitor price relationships, make more informed decisions across markets, and ensure best execution for their trading strategies.

The Chicago office of the Securities Exchange Commission has launched its very own Twitter account, @Chicago_SEC. The Chicago office covers IL, IN, IA, KY, MI, MN, MO, OH, and WI.

There is a television show that I never watched, that I don’t want to name, that I did not “keep up with,” that is ending production. I can only say this is a sign of civilization returning.

Washington Compliance Roundtable is hosting a webcast discussion with the National Futures Association on the best industry practices during COVID-19, new regulatory developments including succession planning and intra-agency regulatory initiatives as well as the most recent industry trends and ways to strengthen your legal and compliance programs.

NFA speakers include Special Policy Advisor Dan Driscoll, Senior Vice President, Compliance Regina Thoele, and Director, Compliance Department Christine Roche.

The event is scheduled for September 17, 2020 with discussion topic at 4:30 – 5:30 PM and Q&A and networking from 5:30 to 6:00 PM.RSVP at by COB September 14th to receive log-in information.

Have a great day and stay safe and treat people the same way you want to be treated: with respect, equality and justice.~JJL


CFTC task force has concluded that climate change is a threat to the U.S. financial markets, citing the cost of floods, droughts, and other natural disasters made worse by the changing climate. These disasters affect the mortgage, pension fund, and insurance markets, as well as other financial institutions, the task force report said.~MR


First Read

FIA releases surveillance and market abuse guidelines
FIA today released new guidelines to assist market participants in fulfilling obligations set by UK and European regulators in relation to surveillance and market abuse requirements. “Market abuse is a global concern and global regulators consider market participants to be the ‘first line of defence’ in the identification and prevention of market abuse,” said FIA’s Head of Europe Bruce Savage. “Our goal is to help FIA members and other market participants meet their obligations under the Market Abuse Regulation.”

*****This is part of the FIA’s “BE GOOD” campaign.~JJL


CME Group unveils FX options volatility converter tool; New FX Options Vol Converter tool will allow users to price CME Group listed FX options liquidity in over-the-counter (OTC) terms.
Annabel Smith – The Trade
US derivatives exchange CME Group has launched an FX options volatility tool in a bid to help traders monitor price relationships for better execution quality during volatility. The FX options volatility tool takes price data that is functionally equivalent to over the counter (OTC) options and creates a volatility grid by tenor and deltas to provide a comparison.

*****More tools for options traders is never a bad thing.~MR


Cost risks of hosting Olympics similar to natural disasters, study warns
Leo Lewis and Murad Ahmed – Financial Times
Cities considering hosting the Olympics should compare the financial risk with models applied to natural disasters, pandemics and war, a team of Oxford university researchers have warned.
The study, Regression to the tail: why the Olympics blow up, accuses the International Olympic Committee of playing down what the researchers argue are the unavoidable dangers of big cost overruns. The report suggests would-be host cities should temper their ambitions by assuming their budgets for the games could rise threefold.

*****Nothing like planning a natural disaster.~JJL


No trick-or-treating in Los Angeles County this Halloween, health officials say
A traditional Halloween with trick-or-treaters going door-to-door for candy will not be allowed in Los Angeles County this year because of the coronavirus pandemic.
County health officials have released guidelines for Halloween this year that include restrictions of some of the holiday’s most basic traditions.

*****Huge bummer for kids. I used to look forward to going trick-or-treating all year. Of course, now that I’m an adult I just buy my own candy.~MR


Alastair Walton, Australia’s Man in New York, Mixes Diplomacy with Mateship
Inside the Ice House
Despite a population and economy smaller than Texas, Australia has a Stetson-sized impact on U.S. business and culture. As his post as Consul-General of Australia to New York winds down, Alastair Walton sat down for his exit interview. On the agenda: diplomacy amid a pandemic and the special relationship between Australia and America. A banker whose journey took him from Down Under to the Big Apple, Alastair has shattered the mold of the civil servant.

*****Josh King’s latest podcast for ICE.~JJL


Tuesday’s Top Three
Our top story Tuesday was Here’s the evidence—in case you needed it—that downtown’s been seriously damaged, from the editorial board of Crain’s Chicago Business. Second was another story from Crain’s, New figures show downtown is being drained of apartment dwellers. Are you sensing a theme? Third was a New York story – by way of Denmark – Eleanor Jacobs, 91, Dies; a Force Behind the Earth Shoe Phenomenon.

John Lothian Newsletter

Today’s Newsletter

From Dutch Tulips to Internet Stocks, Bubbles Often Burst

From Dutch Tulips to Internet Stocks, Bubbles Often Burst

First Read $40,951/$300,000 (13.7%) Brian Duff ++++ JLN Editor-in-Chief Sarah Rudolph to Return to Full-Time Duties Monday; Suzanne Cosgrove Named JLN Deputy Managing Editor JLN Editor-in-Chief Sarah Rudolph has been working part time for the past few weeks and will...

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