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 FIA has published an important opinion piece on climate change and the market’s role in helping fight it.

The CFTC has reinstated TeraExchange, LLC as a Swap Execution Facility.

The FTSE Mondo Visione Exchanges Index burst through the 70,000-point mark today, Monday, 31 August, ending the day at a closing all-time high of 70,221.41.

American Airlines and Delta Airlines matched United Airlines move to eliminate change fees for flights. Good news, but I’m not sure when I will fly again, or change flights for that matter.

A belated happy birthday to Walter Thomas (“Tom”) Price, III, who turned 80 on August 30. Tom is the founder of The Price Group and my former employer. He is a mentor from whom I learned much. He allowed me to use those lessons and incubate John J. Lothian & Company, Inc. in the offices of The Price Group and helped turn it into what it is today. He is also one of the kindest persons I have ever known. Happy Birthday Tom!

The barbershop in the building adjacent to the Cboe, JR Lala, has closed for good. I have used this barber shop since the 1980s, when it was in the Broker’s Building.

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


The Security Traders Association (STA) is holding its 2020 Market Structure Conference virtually from Oct. 7 – Oct. 8, with a focus on listed options. It will kick off with a fireside
chat between Cboe Global Markets’ Chairman, President & CEO Ed Tilly, and Cboe EVP, Head of Markets Bryan Harkins. The registration Fee is $295 per person, but employees of government agencies and sponsoring firms attend at no cost. You can go here to register. Firms interested in sponsoring must be confirmed by Tuesday, Sept. 8.~SR

First Read

Chicago NORML: Social Equity Licenses Just the Start

Stephen Simpson, executive secretary of the cannabis advocacy group Chicago NORML, spoke with John Lothian News about the group’s social equity agenda and why the imminent awarding of 75 new dispensary licenses is just one item on a long checklist.

Listen to the podcast »


FIA publishes policy paper on climate-related risks for financial markets and the global economy
FIA today published a new policy paper in consultation with its members across the cleared derivatives industry on climate-related risks for financial markets and the global economy. The paper, “How derivatives markets are helping the world fight climate change,” focuses on how the industry is already addressing this issue, and highlights potential partnerships with the public sector to help build a more sustainable economy in the long term.

*****I want to know more about this.~JJL


US Stocks Summertime Sizzle
FTSE Russell
US equity markets have made a steady climb in recent months, with notable gains in the US large-cap Russell 1000® Index and US small-cap Russell 2000® Index in July and August. And this trend may or may not continue into the Fall as we reach an inflection point for U.S. investors, according to data and insight from global index provider FTSE Russell.

****It was hot and dry in August in Chicago, and stocks sizzled.~JJL


We’re All Socially Awkward Now; Deprive people of interactions with peers, and their social skills will atrophy. This is yet another side effect of the pandemic.
Kate Murphy – NY Times
As the school year begins amid a global pandemic, many are concerned about the negative impact that virtual or socially distanced learning may have on children’s developing social skills. But what about grown-ups? It seems adults deprived of consistent and varied peer contact can get just as clumsy at social interactions as inexperienced kids.

*****I was awkward before, but none so much as when I was growing 8 inches in 18 months and earth shoes were a thing.~JJL


QAnon lures adherents by acting like a game; US political conspiracy’s appeal draws on techniques pioneered by Dungeons & Dragons
Izabella Kaminska – FT
A strange subset of geek culture is threatening to destabilise society by taking over the internet and blurring the line between reality and fantasy. A type of online information warfare, its objective is to sow discord and distrust. Yet it is masquerading as a live action role playing game, or Larp, and much of the population doesn’t even know it is happening.

*****The game that started in Lake Geneva, Wisconsin is the basis for QAnon. That actually makes a lot of sense.~JJL


America Is Running Low on Monkeys
Sarah Zhang – The Atlantic
In the past seven months, more than 100 COVID-19 vaccines, therapies, and drugs have been pushed into development. But for any of these treatments to make it to humans, they usually have to face another animal first: a monkey. And here, scientists in the United States say they are facing a bottleneck. There just aren’t enough monkeys to go around.

***** You used to be able to buy barrels of monkeys. What happened?~JJL


Monday’s Top Three
Our top story Monday was John Lothian’s OneChicago To Close On September 18 For Trading. Long Live OneChicago. Second was Don Wilson changes course on Gold Coast landmark from Crain’s Chicago Business. Third was John Lothian’s other OneChicago commentary, OneChicago And Single Stock Futures Helped Make The John Lothian Newsletter.

John Lothian Newsletter

Today’s Newsletter

$7 Trillion Worth of Stocks Are Exposed to Crypto Risks

$7 Trillion Worth of Stocks Are Exposed to Crypto Risks

First Read $53,806/$300,000 (17.9%) ++++ Morningstar Scaling Up Against Industry Dominators Chicago Index Firm Sees Growth in ESG and Delivering Value to Clients John Lothian - John Lothian News The index business is dominated by three big...

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

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Morningstar Scaling Up Against Industry Dominators

Morningstar Scaling Up Against Industry Dominators

The index business is dominated by three big companies: Dow Jones Indexes, FTSE Russell, and MSCI; but there is a Chicago index company that has big plans to advance and scale up its business to bring more value to index clients and leave more money in the pockets of investors. Former FTSE Russell executive and now Morningstar Indexes Managing Director Ron Bundy is charged with the evolution and growth of Morningstar Indexes.

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