John Lothian: Week in Review (January 8-12, 2023)

Scott Shellady, known as the “Cow Guy,” discussed his journey from playing football at the University of Colorado to becoming a successful trader and market commentator with John Lothian News in an Open Outcry Trader History Project Interview. He encountered a roadblock in his initial attempt to pursue a degree in finance, so he started out studying art. He was later able to switch to finance as he experienced success in football. He was reluctant at first to follow in his father’s footsteps to the Chicago Board of Trade, but eventually he decided to explore his father’s world of trading at the CBOT.

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In part three of his Open Outcry Traders History Project Interview, Scott Shellady recalled the humbling experience of making a trading error when he sold Swiss futures instead of Lira futures due to a misunderstanding of the trading language. He highlighted how such experiences in the pits taught him the importance of understanding market jargon and being aware of the nuances of each trading floor.

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Prometheum founder Aaron Kaplan and Thomas Sullivan, a managing director at Societe Generale, recently discussed blockchain, crypto regulation, and special purpose broker dealers in a podcast interview with John Lothian of John Lothian News. They explored how blockchain technology is poised to enhance market efficiency by streamlining operations. Kaplan highlighted the inefficiencies in traditional Wall Street systems and stressed the advantages of instantaneous settlement and improved record-keeping that blockchain can offer.

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In part two of his Open Outcry Traders History Project Interview, Scott Shellady, known as the “Cow Guy,” shared his favorite trading memory, which was related to the British pound’s crisis in 1992. He recalled the intense volatility in the markets during that period and the lasting impression it left on him.

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Scott Shellady, known as the “Cow Guy,” discussed his journey from playing football at the University of Colorado to becoming a successful trader and market commentator with John Lothian News in an Open Outcry Trader History Project Interview. He encountered a roadblock in his initial attempt to pursue a degree in finance, so he started out studying art. He was later able to switch to finance as he experienced success in football. He was reluctant at first to follow in his father’s footsteps to the Chicago Board of Trade, but eventually he decided to explore his father’s world of trading at the CBOT.

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In episode 4 of Futures Discovery, we’re diving into the diverse world of careers within the futures industry.

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