John J. Lothian

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John Lothian
JohnLothian mw.jpg
Occupation Publisher, CTA
Employer John J. Lothian & Co, Inc.
Location Chicago, Illinois, USA
Twitter @JohnLothian
StockTwits JohnLothian
LinkedIn Profile
Website johnlothian.com

John J. Lothian is the founder and owner of MarketsWiki and MarketsReformWiki.[1][2][3]

He is also a newsletter editor and publisher, commodity trading advisor (CTA) and industry consultant as well as a frequent moderator of industry panels.[4][5][6][7][8][9][10] Lothian is the president & CEO of John J. Lothian & Company, Inc.[11] He is a principal with John J. Lothian Managed Futures, LLC, a National Futures Association member CTA.

Lothian is member of the U.S. CFTC Technology Advisory Committee. He was named to the committee in June of 2012.[12]

In March of 2013, Lothian was named to the Board of Trustees of the Institute for Financial Markets, the Washington, DC based not-for-profit educational arm of the Futures Industry Association.[13]

He was a futures broker for many years, including with The Price Futures Group, Inc. from 1997 to 2012.[14][15]

History

Lothian started his futures career as a 17-year old driver working for CBOT member and soybean broker Thomas J. Cashman. He worked in this capacity through his college years during the summers, while also working during the summer of 1981 as a floor messenger or runner on the floor of the Chicago Board of Trade for Shearson American Express.

His first post-graduation full-time position was as a news reporter for Knight-Ridder's Commodity News Service, a news wire service covering the futures and cash commodity and financial markets. He left Knight-Ridder in April of 1985 following the low price volatility for agricultural and metals commodities and brokerage firm cut backs that caused contraction in the brokerage space.

In July of 1985 he joined First American Discount Corporation, founded by former CBOT Chairman William J. Mallers, Sr. Lothian joined the year old discount commodity brokerage firm in a news and operations role. He later advanced and moved to head a trading desk and participated in a trader training program led by Mallers.

Lothian left FADC the year after the stock market crash of 1987 to join a proprietary trading group backed by LIT America. Shortly after joining the group called Meltdown Trading, which was founded in October of 1987, the FBI investigation of the Chicago futures markets was announced. Lothian left Meltdown Trading in May of 1989.

In July of 1989 Lothian started traded futures for his own account on the MidAmerica Commodity Exchange and became a member of the exchange in September of 1989. He was a member until June of 1990 when he joined Gerald Commodities as an account executive.

He left Gerald prior to it selling its Chicago-based FCM business to one of its customers, forming Rand Financial. In the fall of 1992, Lothian joined the late John H. (Bud) Frazier, a former Gerald executive, at newly established Introducing Broker and CBOT member firm, US Futures & Options Company, Inc. After Frazier passed away in the summer of 1993, Lothian and a couple of longtime employees of Frazier established an Introducing Broker firm, The Frazier Associates.

In November of 1997, Lothian left The Frazier Associates and joined The Price Futures Group, Inc. as the president of the newly formed Electronic Trading Division. In December of 2010, Lothian switched to a branch manager for Price Futures Group, Inc.,[16] one of the industry’s leading Introducing Brokers.[17] In June of 2011, Lothian resigned from The Price Group.

On April 6 of 2011, Lothian rang the closing bell at NYSE Euronext Amsterdam, home of the oldest stock exchange.[18]

Newsletter Publishing

Lothian is editor and publisher of the John Lothian Newsletter, the flagship newsletter from John Lothian News (JLN), providing daily news and commentary about the global exchange traded derivatives, securities and related OTC markets.[19] Additionally, he is publisher of JLN Environmental/Energy formerly Environmental Markets Newsletter, JLN Forex, JLN Interest Rates, JLN Managed Futures JLN Metals and JLN Options.[20]

Commentaries

Webcasts

  • NYSE Webcast: The Impact of Futures, Options and Derivatives on Your Stock[44]
  • RTS "Market Trends" Panel, FIA Chicago, November 2008[45]
  • Financial Times Trading Room: John Lothian on the trading power of the tweet[46]

Videos

Podcasts

Trading

Lothian is the sole principal of John Lothian Managed Futures LLC, a commodity trading advisor registered with the National Futures Association as of July of 2011.

Previously, Lothian operated John J. Lothian & Company, Inc. as a Commodity Trading Advisor as well as a media firm. JJLCO had two managed futures programs; Big ED and Maple Sugar. The trading methology behind the managed programs was created by MarketsWiki Development Team member Jon Matte, formerly of Defender Capital Management, Inc. JJLCO purchased the trading programs and intellectual property rights behind them from Defender.

Lothian was a member of the MidAmerica Commodity Exchange in 1989-90 and prior to that a member of a proprietary trading group at LIT America.[47]

Testimony in Front of the CFTC

Lothian was chosen to speak at the CFTC's second hearing to discuss energy position limits and hedge exemptions on July 29, 2009.[48]

He also testified at the March 25, 2010 CFTC public meeting to examine futures and options trading in the metals markets.[49]

He participated in a round-table discussion regarding the three statutory disruptive practices set forth in new section 4c(a)(5) of the Commodity Exchange Act (“CEA”) pursuant to section 747 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”).[50]

On February 29 and March 1, 2012, Lothian participated in a CFTC roundtable in Washington, DC, discussing additional customer collateral protections. [51]

Education

He is a 1983 graduate of Purdue University in West Lafayette, Indiana, and holds a Bachelor of Science degree in General Management/Finance and a Bachelor of Arts in Mass Communications/Journalism.[52]

Registration Information

Personal

Lothian is married and lives in Elmhurst, IL with his wife Cheryl and their three children.

He served as the District Chairman of Potawatomi Trails District of Three Fires Council, Boy Scouts of America from 2006 to 2009.[53][54] He serves as a Boy Scout Scoutmaster and Merit Badge counselor.

At the 2007 Futures Industry Association EXPO in Chicago, Lothian was the target of 18 pies thrown at him for a fundraiser for Boy Scouts.

Pictures

JohnAysoRef-small.jpg AYSO Referee AYSO Region 399 Referee
JohnBeforePies.jpg John before FIA Expo Pie Throwing 2007 Futures Industry Association EXPO
May `2011 155.JPG John Lothian Rings Euronext Amersterdam Closing Bell Euronext Amsterdam
IMG 9345.JPG Scoutmaster John Lothian and the late Bill Griswold at Camp Freeland Leslie BSA Camp Freeland Leslie
JohnRegina.JPG John Lothian and Regina Thoele of the National Futures Association in Japan for FIA Asia 2008 Tokyo, Japan
JohninKiltatFFKGala.jpg John in a Kilt for the Futures for Kids Gala in London IDX 2011
JohnTimPie.jpg John is a good sport Cub Scout Pack 23, Elmhurst, IL
May `2011 211.JPG John Moderates FOW Options Conference in Amersterdam FOW Options Conference
IMG 0358.JPG John Lothian at Eurex's former headquarters Frankfurt
P1030981.JPG John & Robert Lothian Camping in Sylvania Wilderness Area Crooked Lake, Sylvania Wilderness Area, Ottawa National Forest, Upper Penninsula of Michigan

Contact Info

Email: johnlothian@johnlothian.com

External Links

References

  1. STAC Midwinter Conference. Securities Traders Association of Chicago.
  2. A Wikipedia for Traders. Barron's.
  3. An Interview with John Lothian on MarketsWiki. RTS Group.
  4. High frequency scapegoating. Futures Magazine.
  5. Exchange Vets Meet to Hear Advice From One of Their Own. Northwestern University.
  6. Conference Finds Time For A Little Options Exchange Humor. WSJ.com.
  7. Report from the Options Industry Conference: Growth, Transparency and Other Issues. Exchanges (blog).
  8. Global Exchange CEO & Investor Conference. Rosenblatt Securities.
  9. Discussing derivatives and issues affecting the exchange industry. NASDAQ OMX.
  10. CTA Roundtable done in conjunction with Eurex in Chicago in June 2012. FOW.
  11. John Lothian Biography. John J. Lothian & Company, Inc..
  12. Technology Advisory Committee and Renewal of the Committee Charter and Membership. U.S. Commodity Futures Trading Commission.
  13. IFM Board of Trustees. The Institute for Financial Markets.
  14. I am not a Futures Broker (Anymore). John Lothian News.
  15. Taking My Own Advice. John Lothian News.
  16. People. The Price Futures Group, Inc..
  17. Man Group settles patent suit. Financial Times.
  18. John Lothian Rings the closing bell at Euronext Amsterdam. John Lothian News.
  19. About John Lothian Newsletter. John Lothian News.
  20. John Lothian News. John Lothian News.
  21. Gold and Silver Battle Comes to Chicago. John Lothian News.
  22. Noteworthy Articles. Leo Melamed.com.
  23. Single Stock Futures and Exchange for Physicals. John Lothian News.
  24. Editorial Reviews. Magic Carpet Trading.
  25. Fastbreak. Futuresource.
  26. Media Coverage. Trading Technologies.
  27. Letters to the Editor. Financial Times.
  28. Great Commentary by Lothian. Agoros.com.
  29. Wiki(ng) Our Way to the Future. The John Lothian Newsletter.
  30. TradeTech 2006 Keynote Speech. John Lothian News.
  31. There is a New Sheriff in Town. John Lothian News.
  32. Business-Combination Transaction Communication·Rule 425, CBOT Holdings, Inc.. U.S. Securities Exchange Commission.
  33. The Cost of the CBOT's Political Culture. John Lothian News.
  34. The CBOT Needs a New Chairman. John Lothian News.
  35. CBOT Settles with Carol Burke. John Lothian News.
  36. The CBOT is for Sale. John Lothian News.
  37. The Eurex US Myth, A Fish Story. John Lothian News.
  38. A CBOT Guy on the CME's Success. John Lothian News.
  39. Eurex's Great Trade that Benefitted the Industry. John Lothian News.
  40. Review of the Regulatory Structure Associated With Financial Institutions; Comments of The United States Department of Justice. U.S. Department of Justice.
  41. Commodity Exchanges and Antitrust. The Berkeley Electronic Press.
  42. Lunch with the New CME Chairman Terrence Duffy. John Lothian News.
  43. John Lothian: Regulating speculators will only hurt us. Rossputin.
  44. The Impact of Futures, Options and Derivatives on Your Stock. New York Stock Exchange.
  45. RTS "Market Trends" Panel, FIA Chicago, November 2008. Automated Trader Magazine.
  46. John Lothian on the trading power of the tweet. Financial Times Trading Room.
  47. John Lothian. Swiss Futures & Options Association.
  48. Press Release. CFTC.
  49. Press Release. CFTC.
  50. Antidisruptive Practices Authority. U.S. Federal Register.
  51. Panel List. CFTC.
  52. Alumni News. Purdue University Department of Communication.
  53. District chairman hopes to draw upon his business experience. Elmhurst Press.
  54. Board of Directors. Three Fires Council, Boy Scouts of America.