John J. Lothian
He is also a commodity trading advisor (CTA) and industry consultant as well as a frequent moderator of industry panels. Lothian is the president & CEO of John J. Lothian & Company, Inc. He is a principal with John J. Lothian Managed Futures, LLC, a National Futures Association member CTA.
Lothian started his futures career as a 17-year old driver working for CBOT member and soybean broker Thomas J. Cashman. He worked in this capacity through his college years during the summers, while also working during the summer of 1981 as a floor messenger or runner on the floor of the Chicago Board of Trade for Shearson American Express.
His first post-graduation full-time position was as a news reporter for Knight-Ridder's Commodity News Service, a news wire service covering the futures and cash commodity and financial markets. He left Knight-Ridder in April of 1985 following the low price volatility for agricultural and metals commodities and brokerage firm cut backs that caused contraction in the brokerage space.
In July of 1985 he joined First American Discount Corporation, founded by former CBOT Chairman William J. Mallers, Sr. Lothian joined the year old discount commodity brokerage firm in a news and operations role. He later advanced and moved to head a trading desk and participated in a trader training program led by Mallers.
Lothian left FADC the year after the stock market crash of 1987 to join a proprietary trading group backed by LIT America. Shortly after joining the group called Meltdown Trading, which was founded in October of 1987, the FBI investigation of the Chicago futures markets was announced. Lothian left Meltdown Trading in May of 1989.
In July of 1989 Lothian started traded futures for his own account on the MidAmerica Commodity Exchange and became a member of the exchange in September of 1989. He was a member until June of 1990 when he joined Gerald Commodities as an account executive.
He left Gerald prior to it selling its Chicago-based FCM business to one of its customers, forming Rand Financial. In the fall of 1992, Lothian joined the late John H. (Bud) Frazier, a former Gerald executive, at newly established Introducing Broker and CBOT member firm, US Futures & Options Company, Inc. After Frazier passed away in the summer of 1993, Lothian and a couple of longtime employees of Frazier established an Introducing Broker firm, The Frazier Associates.
In November of 1997, Lothian left The Frazier Associates and joined The Price Futures Group, Inc. as the president of the newly formed Electronic Trading Division. In December of 2010, Lothian switched to a branch manager for Price Futures Group, Inc., one of the industry’s leading Introducing Brokers. In June of 2011, Lothian resigned from The Price Group.
Lothian was a character in the book "Zero Sum Game" by former CBOT employ Erika S. Olson.
Lothian is editor and publisher of the John Lothian Newsletter, the flagship newsletter from John Lothian News (JLN), providing daily news and commentary about the global exchange traded derivatives, securities and related OTC markets. Additionally, he is publisher of JLN Environmental/Energy formerly Environmental Markets Newsletter, JLN Financials]], JLN Managed Futures and JLN Options.
Previously, Lothian operated John J. Lothian & Company, Inc. as a Commodity Trading Advisor as well as a media firm. JJLCO had two managed futures programs; Big ED and Maple Sugar. The trading methology behind the managed programs was created by MarketsWiki Development Team member Jon Matte, formerly of Defender Capital Management, Inc. JJLCO purchased the trading programs and intellectual property rights behind them from Defender.
Testimony in Front of the CFTC
Lothian was chosen to speak at the CFTC's second hearing to discuss energy position limits and hedge exemptions on July 29, 2009.
He also testified at the March 25, 2010 CFTC public meeting to examine futures and options trading in the metals markets.
He participated in a round-table discussion regarding the three statutory disruptive practices set forth in new section 4c(a)(5) of the Commodity Exchange Act (“CEA”) pursuant to section 747 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”).
On February 29 and March 1, 2012, Lothian participated in a CFTC roundtable in Washington, DC, discussing additional customer collateral protections. 
He is a 1983 graduate of Purdue University in West Lafayette, Indiana, and holds a Bachelor of Science degree in General Management/Finance and a Bachelor of Arts in Mass Communications/Journalism.
Lothian is married and lives in Elmhurst, IL with his wife Cheryl and their three children.
He served as the District Chairman of Potawatomi Trails District of Three Fires Council, Boy Scouts of America from 2006 to 2009. He serves as a Boy Scout Scoutmaster, Crew Advisor and Merit Badge counselor.
At the 2007 Futures Industry Association EXPO in Chicago, Lothian was the target of 18 pies thrown at him for a fundraiser for Boy Scouts.
JLN News Feed
John Lothian Newsletter: Clearing cost is forcing firms bilateral; Vanderbilt study debunks “phantom liquidity” problem caused by high-frequency traders; FCA proposes commodity derivative limits under MiFID II
JLN Options: Brexit-linked derivatives trade boosts Deutsche Boerse revenue; Looking Ahead With the VIX Curve; This is the ‘dullest market in decades’
John Lothian Newsletter: Nasdaq Gauges Market Appetite for Speed Bumps After IEX Approval; Fed Says Risks Have Diminished as It Leaves Rate Unchanged; BGC, Marex in “talks” over Icap energy desks
Kate Maehr, Greater Chicago Food Depository – Volunteerism: Good for the community and good for you!
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