The Weekend Update

JLN PRESS ROOM PICK OF THE WEEK

The Accidental Insider: How Erika Olson Turned a Safe Marketing Job Into the Definitive Tale of Chicago’s Futures Frenzy

Erika Olson’s résumé reads like a Monopoly board after a particularly aggressive round: every company she’s worked for since college, she says, “had been bought out.” So when a friend tipped her off to an opening at the Chicago Board of Trade, Olson thought she’d finally found “a smaller company” where she could “love all the people” and maybe, just maybe, avoid another corporate takeover.


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The Accidental Insider: How Erika Olson Turned a Safe Marketing Job Into the Definitive Tale of Chicago’s Futures Frenzy

Craig Donohue brings history of dealmaking to Cboe’s top job

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PAGE OF THE DAY

Monday: FMX Futures Exchange

Tuesday: Ripple (XRP)

Wednesday: Robinhood

Thursday: Australian Securities Exchange

Friday: LCH

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JLN PRESS ROOM PAGE OF THE WEEK

FMX Futures Exchange

 FMX Futures Exchange, founded by Howard Lutnick, has launched U.S. Treasury futures contracts, challenging CME Group. The exchange initially launched with 2-year and 5-year contracts on May 18, at 9:00 p.m. ET, for trade date Monday, May 19.


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FROM JOHN LOTHIAN NEWS

The DIY Investor’s New Playground: Kevin “Lex” Luthringshausen on the Retail Options Revolution


PALM BEACH GARDENS, FL – (JLN) – May 22, 2025 – At the Options Conference in Palm Beach Gardens, Kevin “Lex” Luthringshausen of Tradier, imagining himself back in the CBOE trading pits, gazed out over a non-existent sea of traders before him and saw something remarkable: the rise of the retail investor from “a rare bird back in the day to everywhere.” “They’re like 40% of volume in the option space,” Lex said, marveling at how technology and education have “democratized” trading. “You can play that game cheaply… and trade very liquid markets.”


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From Pro Golf to Pockets of Liquidity: Megan Morgan’s Unlikely Drive at Belvedere Trading


PALM BEACH GARDENS, FL – (JLN) – May 22, 2025 – Megan Morgan’s journey from professional golf to the heart of Chicago’s trading pits is as unconventional as it is instructive. “Once I started doing that for a job, I realized I didn’t like golf that much,” Morgan laughs, recalling her pivot after shadowing her sister in New York. “About 20 seconds on the floor of the New York Stock Exchange, and I realized I wanted to be in trading.” Returning to Chicago, she landed her first job clerking S&P options—a move that set the stage for a career defined by adaptability.


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A Tech Leap for Private Funds: How BNP Paribas’ Securities Services and Confluence Automate the Complexities of Global Reporting


ELMHURST, IL – (JLN) – May 21, 2025 – When it comes to private capital fund reporting, spreadsheets may soon be as outdated as fax machines. For Laurent Durdilly, head of private capital solutions at BNP Paribas’ Securities Services, and Todd Moyer, president and chief operating officer at Confluence, the time for automation has firmly arrived.


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A Newsletter, a Yacht, and a Billion-Dollar Note: Erika Olson’s Chicago Futures Saga Still Has Legs


When Erika Olson first read the John Lothian Newsletter, she was “so befuddled.” “I’d never experienced… an industry… It’s like you’re indescribable… It’s kind of like you’re, I don’t want to say, like (a) gossip columnist or something, it’s like journalist gossip,” she says, marveling at the newsletter’s blend of rumor, commentary, and centrality to the futures world. “I had just never come across a character, for lack of a better word, like you, which I loved.” For Olson, who’d worked in sprawling sectors like healthcare and entertainment, the close-knit, everyone-knows-everyone vibe of Chicago’s futures industry was a revelation.


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The Accidental Insider: How Erika Olson Turned a Safe Marketing Job Into the Definitive Tale of Chicago’s Futures Frenzy


Erika Olson’s résumé reads like a Monopoly board after a particularly aggressive round: every company she’s worked for since college, she says, “had been bought out.” So when a friend tipped her off to an opening at the Chicago Board of Trade, Olson thought she’d finally found “a smaller company” where she could “love all the people” and maybe, just maybe, avoid another corporate takeover.


Watch Now