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The Weekend Update

JLN PRESS ROOM PICK OF THE WEEK

Banker Bonuses Are Down Again—but It Stings This Time

This bonus season is shaping up to be another underwhelming one for bankers on Wall Street as lackluster deal activity pushes down the closely watched annual payouts.


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10 MOST CLICKED STORIES OF THE WEEK

Adapting to climate change in central clearing: risks, environmental footprint and enabling transition

Chinese regulators curb short selling as market downturn deepens

Banker Bonuses Are Down Again—but It Stings This Time

Hong Kong eyes moves to attract IPOs of mainland Chinese, Middle Eastern firms to spur stock market, Paul Chan says

Global Clean Energy Spending Surges to $1.8 Trillion. It’s Not Enough

JPMorgan Quants Warn of Dot-Com Style Concentration in US Stocks

Virtu Financial makes new appointment for ETP and fixed income sales role

Global watchdog proposes new ethics code to combat greenwashing

Top accounting firms admit breaking rules safeguarding audit independence

Jamie Dimon Shakes Up JPMorgan’s Leadership Once Again

4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK

Phupinder Gill

Elise Fleischaker

Allston Trading, LLC

Sally Duros

TOP TWEETS OF THE WEEK

Billionaire Alan Howard Shops His Own Crypto Stakes to Grow Brevan Howard Digital

Standing up to government overreach is an American tradition. Now it’s crypto’s turn

FTX Plans to Repay Customers in Full, Drop Exchange Relaunch

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

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FROM JOHN LOTHIAN NEWS

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 Coleman sensed that some of his knowledge was out of date and decided to take a class in computer programming using Python, as well as one in mathematics.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. 


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The Journey of Daniel Coleman: From English Literature to Financial Markets, Part One

Daniel Coleman’s path to success in the financial markets is a tale of a chance encounter that led him to a career he never anticipated. Born in Alabama, Coleman embarked on a journey that took him from the Ivy League halls of academia to the high-stakes world of trading in Philadelphia, Chicago and New York and back home in academia’s highest level. 


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Futures Discovery: Fundamentals of Margin Calls

In episode 5 of Futures Discovery, we’re peeling back the layers of the ever-important world of margin calls—a topic that can shape the flow of your futures trading journey.


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IMX CEO Jim Plante Discusses the Path Forward After CFTC Approval

Jim Plante, the CEO of IMX, in a recent interview with John Lothian News, discussed the next steps for the healthcare-focused futures exchange after receiving approval from the CFTC. IMX’s target launch is in the second quarter of 2024, and Plante said the next challenge is the ongoing process of onboarding futures commission merchants to the exchange. IMX is also working on finalizing its initial product offerings, which will undergo regulatory approval. IMX plans to make significant announcements regarding index licensing partnerships related to healthcare futures contracts. Plante emphasized that the healthcare industry, which constitutes nearly 20% of the economy, involves natural market players on both sides, including healthcare service providers, pharmaceutical companies, and health insurance providers, necessary components for a healthy futures market.


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