John Lothian: Week in Review August 11th

The Weekend Update

JLN PRESS ROOM PICK OF THE WEEK

The World Federation of Exchanges calls for global tax reform to unlock investment and power economic growth

The World Federation of Exchanges (WFE), the global industry association for exchanges and clearing houses, has published a paper promoting a future-ready tax system to incentivise investment for the benefit of market participants, investors, issuers and the real economy.

The paper outlines a comprehensive blueprint for modernising tax policy to encourage productive investment, support long-term savings, and enhance global competitiveness. It calls on governments to eliminate harmful levies, simplify reporting requirements, and create a more welcoming environment for investors and issuers alike.

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10 MOST CLICKED STORIES OF THE WEEK

CME Group Opens Registration for 22nd Annual Global University Trading Challenge

The 20 best non-fiction books of all time, ranked

How Canadian Wildfire Smoke Is Jeopardizing Health Across North America

Trump Calls on Goldman to Replace Economist Over Tariff Stance

Canadian Road Trips to US Plunge for Seventh Month

Broadridge Partners with BMLL to Bring Advanced Pre-Trade Analytics to Global Trading Participants

The World Federation of Exchanges calls for global tax reform to unlock investment and power economic growth

ICE expands climate risk data offering to cover private firms

Risk Management & Trading Conference 2025

CCTX - FIA's Commodities Conference

PAGE OF THE DAY

Monday: London Metal Exchange

Tuesday: Miami International Holdings, Inc.

Wednesday: Polymarket

Thursday: World Federation of Exchanges

Friday: Changpeng Zhao

NEW/UPDATED PAGES

Adroit Trading Technologies

Solidus Labs

Polymarket

Execution Management System

Order Management System

Stocks

Changpeng Zhao

Patrick J. Kenny

Adroit Trading Technologies

JLN PRESS ROOM PAGE OF THE WEEK

Miami International Holdings, Inc.

Miami International Holdings Inc. raised $345 million in an initial public offering, pricing its shares above the expected range and giving it a market value of $1.8 billion.

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FROM JOHN LOTHIAN NEWS

RiskMathics Risk Management & Trading Conference

RiskMathics Risk Management & Trading Conference in Santa Fe, Mexico City, is scheduled for August 20-23. It features a forward-looking agenda centered on the intersection of AI, digitalization, and risk management in global financial markets. The program opens with a keynote by Tom Sosnoff on innovation and closes with sessions ranging from fintech collaboration to quantum computing and the evolving regulatory landscape. Key sessions address topics such as geopolitical risk (Carlos Ramírez), the transformation of local markets in Latin America (Lucy Pamboukdjian), and the future of credit intelligence (Erez Saf). Leaders from major firms and exchanges will host roundtables on infrastructure and policy for FX, the state of equities and derivatives in LatAm, and strategies Mexico can adopt to leverage global market opportunities.

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This CEO Measures Success in Millionths of a Second — and Now on Wall Street

ELMHURST, IL-(JLN)-August 14, 2025— On the first day Miami International Holdings, Inc. began trading under the ticker “MIAX,” its founder and CEO, Thomas P. Gallagher, wasn’t on a trading floor, a yacht, or ringing a bell. Instead, he was in a conference room, a white coffee mug at his side, flanked by his communications chief, Andy Nybo, and explaining, in great detail, why the speed of 80 millionths of a second really matters.

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In the Office of Patterns and Algorithms: Professor Donald Mackenzie Decodes High-Speed Trading

EDINBURGH-(JLN)-August 12, 2025—On a bright sunny afternoon in a book-lined office at the University of Edinburgh, Professor Donald Mackenzie, sociologist, historian, and unlikely chronicler of algorithmic finance, cheerfully explains how he wound up racing alongside Wall Street’s fastest machines. “In 2009 and 2010, high frequency trading, which had been going on quietly for a decade, suddenly started getting into the news—it started getting denounced left, right and center,” Mackenzie told John Lothian News. “That’s an intriguing area!” he recalls thinking, with the quiet excitement of someone perpetually curious about how society and technology intertwine.

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OCC’s Leadership Rolls Out Employee Engagement Initiatives Amid Deep Skepticism

The Options Clearing Corporation (OCC), already engulfed by a swell of employee unrest and critical reviews, last week responded to mounting criticism with an urgent message to staff from CEO Andrej Bolkovic and COO Dan Busby. In their communication, they announced the acceleration of “a series of initiatives” designed to improve the experience of colleagues across the organization. Featured prominently were a new “anonymous” Pulse Survey, upcoming small-group Listening Sessions, and a renewed push for transparency and two-way communication.

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