John J. Lothian

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John Lothian
JohnLothian mw.jpg
Occupation Publisher, CTA, Futures Broker
Employer Price Group, John J. Lothian & Co, Inc.
Location Chicago, Illinois, USA
Twitter @JohnLothian
Website http://www.johnlothian.com

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

He is also a futures broker, 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] Lothian is the president & CEO of John J. Lothian & Company, Inc.[10] He is a principal with John Lothian Managed Futures LLC, a National Futures Association member CTA.

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. 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. Today, Lothian still holds that position as head of electronic trading for Price Futures Group, Inc.,[11] one of the industry’s leading Introducing Brokers.[12] He is also registered with Price Group affiliate Price Asset Management, Inc. and helps CTAs market their money management programs.

On April 6 of 2011, Lothian rang the closing bell at NYSE Euronext Amsterdam, home of the oldest stock exchange.[13]

Newsletter Publishing

Lothian is editor and publisher of the John Lothian Newsletter[14][15] and publisher of Environmental Markets Newsletter and John Lothian Newsletter - Metals Edition.[16] Additionally, he is publisher of the bi-weekly newsletter John Lothian Newsletter - Managed Futures Edition, JLN Options Newsletter and blog, JLN Interest Rates Blog and JLN FX.

The John Lothian Newsletter is an eponymous daily email newsletter about the derivatives, securities and environmental markets and related industries.

Environmental Markets Newsletter is about the growing environmental markets related to global warming and alternative fuels and energy. JLN - Metals Edition is a daily email newsletter about the global precious and industry metals markets.

JLN Managed Futures Edition was launched in January of 2010 as a bi-weekly free email newsletter focusing on managed futures and issues of interest related to managed futures.

JLN Options was launched as a blog in November of 2009. In May of 2010, it was converted to a weekly email newsletter format. JLN Options is edited by Sarah Rudolph.

JLN FX is a weekly newsletter launched in January of 2011, with an accompanying daily blog.

JLN Interest Rates was launched in October of 2009 as a blog. It is edited by Christine Nielsen.

In the fall of 2008, Lothian launched Frontier Markets Newsletter as a three-times a week email newsletter covering emerging markets, but publication was suspended pending a reworking of the publication.

Commentaries

Webcasts

  • NYSE Webcast: The Impact of Futures, Options and Derivatives on Your Stock[39]
  • RTS "Market Trends" Panel, FIA Chicago, November 2008[40]
  • Financial Times Trading Room: John Lothian on the trading power of the tweet[41]

Videos

Public Meeting to Examine Futures and Options Trading in the Metals Markets - March 25, 2010


FIA Boca Today Live 2011 John Lothian


What the Economic Crisis Has Taught Us

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.[42]

Testimony In Front Of CFTC

Lothian was chosen to speak at the CFTC's second hearing to discuss energy position limits and hedge exemptions on July 29, 2009.[43]

He also testified at the March 25, 2010 CFTC public meeting to examine futures and options trading in the metals markets.[44]

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”).[45]

On February 29 and March 1, 2012, Lothian participated in a CFTC roundtable in Washington, DC, discussing additional customer collateral protections. [46]

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.[47]

Registration Information

External Links

Personal

AYSO Referee

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.[48][49] He serves as a Cub Scout Leader, Boy Scout Scoutmaster and Merit Badge counselor. He is also an AYSO soccer referee.
John before FIA Expo Pie Throwing
John is a good sport

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. A 490 MB movie was taken of the event and must be downloaded to view.[50]

Contact Info

Email: johnlothian@johnlothian.com

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. John Lothian Biography. John J. Lothian & Company, Inc..
  11. People. The Price Futures Group, Inc..
  12. Man Group settles patent suit. Financial Times.
  13. John Lothian Rings the closing bell at Euronext Amsterdam. John Lothian Newsletter.
  14. Online Newsletters. Dynamic Trading.
  15. Recommended Readings. XO Capital Group, LLC.
  16. John Lothian Goes Metal. NYSE Euronext Exchange Blog.
  17. Noteworthy Articles. Leo Melamed.com.
  18. Single Stock Futures and Exchange for Physicals. John Lothian Newsletter.
  19. Editorial Reviews. Magic Carpet Trading.
  20. Fastbreak. Futuresource.
  21. Media Coverage. Trading Technologies.
  22. Letters to the Editor. Financial Times.
  23. Great Commentary by Lothian. Agoros.com.
  24. Wiki(ng) Our Way to the Future. The John Lothian Newsletter.
  25. TradeTech 2006 Keynote Speech. John Lothian Newsletter.
  26. There is a New Sheriff in Town. John Lothian Newsletter.
  27. Business-Combination Transaction Communication·Rule 425, CBOT Holdings, Inc.. U.S. Securities Exchange Commission.
  28. The Cost of the CBOT's Political Culture. John Lothian Newsletter.
  29. The CBOT Needs a New Chairman. John Lothian Newsletter.
  30. CBOT Settles with Carol Burke. John Lothian Newsletter.
  31. The CBOT is for Sale. John Lothian Newsletter.
  32. The Eurex US Myth, A Fish Story. John Lothian Newsletter.
  33. A CBOT Guy on the CME's Success. John Lothian Newsletter.
  34. Eurex's Great Trade that Benefitted the Industry. John Lothian Newsletter.
  35. Review of the Regulatory Structure Associated With Financial Institutions; Comments of The United States Department of Justice. U.S. Department of Justice.
  36. Commodity Exchanges and Antitrust. The Berkeley Electronic Press.
  37. Lunch with the New CME Chairman Terrence Duffy. John Lothian Newsletter.
  38. John Lothian: Regulating speculators will only hurt us. Rossputin.
  39. The Impact of Futures, Options and Derivatives on Your Stock. New York Stock Exchange.
  40. RTS "Market Trends" Panel, FIA Chicago, November 2008. Automated Trader Magazine.
  41. John Lothian on the trading power of the tweet. Financial Times Trading Room.
  42. John Lothian. Swiss Futures & Options Association.
  43. Press Release. CFTC.
  44. Press Release. CFTC.
  45. Antidisruptive Practices Authority. U.S. Federal Register.
  46. name=Panel List {{{name}}}. CFTC.
  47. Alumni News. Purdue University Department of Communication.
  48. District chairman hopes to draw upon his business experience. Elmhurst Press.
  49. Board of Directors. Three Fires Council, Boy Scouts of America.
  50. FIA EXPO 2007 Pie Throwing Event Sponsored by Penson GHCO. John J. Lothian & Company, Inc..