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The Weekend Update
JLN PRESS ROOM PICK OF THE WEEK
Gensler says SEC to review payment for order flow
The top US stock market regulator is looking to change the rules around share trading, including fees paid by large Wall Street groups to handle customers’ orders, after January’s explosion in “meme stocks” highlighted what he called “inefficiencies” in the market.

$42,176/$300,000 (14.1%)

Trading Technologies
ROBIN TROTT – THE PATH TO ELECTRONIC TRADING PART ONE
Robin Trott started out as an undergrad studying philosophy and politics, but it was the peak of the dotcom bust and he realized that wasn’t very practical. So he got a Master’s degree and got on the technology and operations graduate scheme at JP Morgan.

10 MOST CLICKED STORIES OF THE WEEK
4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK
TOP TWEETS OF THE WEEK
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FROM JOHN LOTHIAN NEWS
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.

MEET EL SALVADOR, NEWEST BITCOIN PARADISE
On Saturday, June 5, President Nayib Bukele of El Salvador announced that he would ask his country’s legislature to declare bitcoin “legal tender” in the country. This statement was part of a pre-recorded presentation to Miami, Florida’s Bitcoin 2021 conference.

MICRO DAX, SMI, EUROSTOXX 50: NO SMALL THING FOR EUREX
Eurex launched small versions of its most popular broad based stock indexes. We spoke about them with Executive Board Member Randolf Roth, who is head of equity and index derivatives at the popular exchange.

SHELDON COHEN – OPEN OUTCRY TRADERS HISTORY PROJECT – PART TWO
In the second of a two-part interview with John Lothian for the Open Outcry Traders History Project, Chicago attorney Sheldon Cohen reminisced about his long tenure on the trading floor and in exchange management, beginning in the 1970s.

PETER HARRIGAN – OPEN OUTCRY TRADERS HISTORY PROJECT – PART TWO
Peter Harrigan capped off his career as a floor trader on the CME and the Pacific Exchange in the middle of a bear market in 2002. Since then, he’s managed money, helped start up an AI company and traded cryptocurrencies, but he continues to speak fondly of his floor days, even the challenging ones.

OWAIN JOHNSON: WORLD-CLASS LISTENER, CITIZEN, AUTHOR AND RESEARCHER, SEES ACCELERATION OF ECONOMIC CHANGE
Things are happening so fast amidst an acceleration of economic change that the old order of product adoption by various categories of industry players is being upended, Owain Johnson told John Lothian News in a recent interview.

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