Work and Management

John Lothian Interviews Derivative Path’s Matt Petrik on Revolutionizing Financial Markets Amidst Regulatory Changes and Technological Innovations

John Lothian Interviews Derivative Path’s Matt Petrik on Revolutionizing Financial Markets Amidst Regulatory Changes and Technological Innovations

John Lothian recently interviewed Matt Petrik of Derivative Path, who discussed his company’s foundation and evolution in response to regulations like the Volcker Rule and Dodd-Frank. Originating from a team with roots at Wells Fargo, Derivative Path has developed into a cloud-based platform that simplifies interest rate hedging, foreign exchange, and commodities trading for financial institutions, especially those with assets under $100 billion. The platform’s trade blotter integrates various market operations, enhancing visibility for both firms and their clients.

CFTC Chairman Rostin Behnam Discusses Market Volatility, Data-Driven Culture, and Future Initiatives at FIA Futures Conference

CFTC Chairman Rostin Behnam Discusses Market Volatility, Data-Driven Culture, and Future Initiatives at FIA Futures Conference

At the FIA’s International Futures Conference in Boca Raton, FL, John Lothian News interviewed CFTC Chairman Rostin Behnam on topics ranging from the CFTC’s reaction to the death of former CFTC Chief of Staff Mike Gill to making the CFTC a more data driven culture to using Little Orphan Annie as the spokesperson for its AI fraud initiatives. The latter refers to the AI announcement I rewrote using ChatGPT as if done by Little Orphan Annie.

Sam Gaer’s Open Outcry History Was a Path To Electronic Trading

Sam Gaer’s Open Outcry History Was a Path To Electronic Trading

Sam Gaer’s foray into the futures industry began at the age of 15 when he sought a summer job and was recruited as a runner on the COMEX. Initially hesitant to wake up at 7 a.m. and commute from his suburban New Jersey home to New York, he swiftly relented upon learning of the $5 cash hourly wage.

His first day saw him working in the COMEX gold pit, running orders to brokers. Despite not really knowing what he was doing, by the end of the summer he had figured out how to chart prices. He also knew about taking orders from phone clerks, running them where they needed to go, what types of orders there were and where the more important orders went. He said, “I just kind of took to it.”

Rama Pillai’s Path to Electronic Trading Showed He is a Good Student

Rama Pillai’s Path to Electronic Trading Showed He is a Good Student

Rama Pillai enjoyed being a student and earned three separate degrees before deciding to come to Singapore to accept a position with SIMEX in 1991. Studying the floor-to-screen migration of other exchanges and spearheading a proactive migration plan for SGX showed that Pillai was a good student.

The seven-year-old SIMEX made Pillai employee number 118 when he joined a three-person sales team that also handled marketing and business development. Reflecting on this experience, he remarked, “It was just the three of us covering the world.”

There is No Way to Thank Everyone, but Some People Must be Mentioned

There is No Way to Thank Everyone, but Some People Must be Mentioned

I wish I could share this news of my being named to the FIA Hall of Fame with my mother and father, but both have passed, my mother in 2022 and my father in 2003. Even though my father has been gone for nearly a generation, his light shines through me via his wisdom, tolerance, community service, faith and love of family. I always said that using both of my college degrees, one in finance, the other in journalism, made my mother happy. As a teacher, education was important to her. But my parents insisted the only thing they were going to give me besides love was an education and then I was on my own.

The FIA sure knows a Hall of Fame Way to say ‘I love you’ on Valentine’s Day

The FIA sure knows a Hall of Fame Way to say ‘I love you’ on Valentine’s Day

The FIA sure knows how to say I love you on Valentine’s Day. Shortly after the newsletter was published yesterday, the FIA sent a press release announcing the names of the 2024 inductees into the Hall of Fame and my name was on the list. 

OK, I knew I was being named already because I was on the committee that picked the inductees. For the record, the committee did not hold a vote name by name, so I did not have to recuse myself on the vote. 

I was very pleased that two people I nominated were named to the Hall of Fame. This is not to say other people did not nominate these two also, but I nominated Leslie Sutphen and Wiliam J. Mallers, Sr. for the Hall of Fame. Mallers is a former employer of mine when I was at First American Discount, a firm he founded. 

From Open Outcry to Electronic Evolution: Insights from Marcus Goi, CEO of Orient Futures International

From Open Outcry to Electronic Evolution: Insights from Marcus Goi, CEO of Orient Futures International

n an Open Outcry Traders History Project interview conducted in Singapore during the FIA ASIA week, Marcus Goi, managing director and CEO of Orient Futures International, shared his career journey and insights into the evolution of electronic trading. The interview took place at SGX’s offices, with Robert Lothian from John Lothian News conducting the interview.

FIA Tech CEO Nick Solinger Discusses Partnership with eClerx to Boost Trade Data Network and Launch of Help Desk

FIA Tech CEO Nick Solinger Discusses Partnership with eClerx to Boost Trade Data Network and Launch of Help Desk

In a video interview with John Lothian News, FIA Tech CEO Nick Solinger discussed the recently announced partnership with eClerx to enhance its Trade Data Network (TDN) and the launch of a collaborative help desk.

Solinger described TDN as an industry initiative designed to consolidate diverse data sources in the exchange-traded derivatives market. This market’s diversity, with firms trading across global exchanges using different systems, often led to operational disruptions during high-volume days or unexpected events such as conflicts or shifts to remote work due to COVID-19.

Reviving Birmingham-Southern: Dan Coleman’s Journey to Save a Struggling College

Reviving Birmingham-Southern: Dan Coleman’s Journey to Save a Struggling College

Dan Coleman left KCG after it was acquired by Virtu Financial and moved back to Birmingham, Alabama to contemplate his future. He reached out to a local college, Birmingham-Southern, whose board he once served on. Little did he know he would soon end up as its president. 

While waiting for the Virtu deal to close, Coleman called the college and asked what was going on there. This led to a conversation during which he was hired as a college professor teaching investments. He dove into the text book for the class and found it was the same one he had studied in 1993 when he was an undergraduate. Coleman sensed that some of his knowledge was out of date and decided to take a class in computer programming using Python, as well as one in mathematics. In the spring he took more Python and actuarial math, a subject he wishes he had studied earlier, he said. 

Amanda Cain – John Lothian Profiles – Part Two

Amanda Cain – John Lothian Profiles – Part Two

In a part two of her interview with John Lothian News for the John Lothian Profiles series, Amanda Cain discussed her founding of Male Allies for Women within the Americas Women’s Network. This initiative seeks to address gender diversity issues in corporate environments, particularly focusing on promoting women to director-level roles and above.

Amanda Cain – John Lothian Profiles – Part One

Amanda Cain – John Lothian Profiles – Part One

In a recent interview with John Lothian Profiles, Amanda Cain shared her journey into the financial services industry and her experiences as a pioneering woman in the field. Cain’s entry into the industry began when she was invited to join the EDF Man Commodities Training Program, a move that she described as lucky and unexpected. She recalled a time when she was one of the few women in the industry, with limited female colleagues.

Hedge Fund Talent Schools Are Looking for the Perfect Trader

Hedge Fund Talent Schools Are Looking for the Perfect Trader

First Read Hits & Takes John Lothian & JLN Staff FIA's IDX concluded last night on a high note with the gala dinner in support of the Futures For Kids charity and the end of Rama Pillai's Kilt Challenge. The dinner gala raised a total of 150K British pounds, including...

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