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The Weekend Update

JLN PRESS ROOM PICK OF THE WEEK

Big investors shift away from US markets

Big institutional investors are shifting away from US markets as Donald Trump’s trade wars and the country’s escalating debt fuel fears about the dominance of American assets in global portfolios.

R e a d n o w

10 MOST CLICKED STORIES OF THE WEEK

Big investors shift away from US markets

We have ‘surrendered more to the machines’, says quant fund titan Cliff Asness

America’s hottest suburb is luring in families with affordable housing and perks galore — and it’s nowhere near NYC

Early adoption of AI will boost US growth

Could Trump’s ‘big beautiful bill’ kill the OFR and accidentally sabotage SOFR?

Why Trump is really going after Harvard

He called the 2008 crisis, took a 14-year break and today warns us that a fresh financial storm is brewing

Investors Say They’re Moving Away From ESG as ‘an Umbrella Concept’

House Democrat Informs Trump Commerce Secretary, ‘We Cannot Build Bananas in America’

Hotter world will drive more wars, EU climate chief warns

PAGE OF THE DAY

Monday: Royal Bank of Scotland Group Plc

Tuesday: Paul G. Hayeck

Wednesday: Wells Fargo & Co.

Thursday: Circle Internet Financial Ltd.

Friday: London Metal Exchange

NEW/UPDATED PAGES

Options Protective Put

Michael S Haigh Ph.D

Circle Internet Financial Ltd.

JLN PRESS ROOM PAGE OF THE WEEK

Circle Internet Financial Ltd.

Circle Internet Group made its debut on the New York Stock Exchange Thursday, opening at more than double the stock's IPO price. Circle issues USDC, a stablecoin pegged to the U.S. dollar.

L e a r n M o r e

FROM JOHN LOTHIAN NEWS

From SPAC to Swish: Webull’s Arianne Adams on Going Public, Option Surges, and the Global Race to Democratize Trading

PALM BEACH GARDENS, Fla.-(JLN)-June 5, 2025-It’s not every day that a fintech executive describes her company’s path to the public markets as “off to the races,” but then again, it’s not every day that a trading app’s shares rocket 375% in their first week on the NASDAQ. At the Options Conference in Palm Beach Gardens, Florida, Arianne Adams, chief strategy officer and head of derivatives at Webull Financial, recounted the company’s unconventional journey from private upstart to market darling—complete with ticker tape and the ticker symbol: BULL.

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Tastytrade’s JJ Kinahan on the Wild Ride of Retail Trading: From Micros to Mobiles, and the Rise of the Educated Everyday Investor

PALM BEACH GARDENS, Fla.-(JLN)-June 5, 2025 —In a hotel hallway where the air was thick with the scent of sunscreen and volatility, JJ Kinahan, CEO of tastytrade from IG, leaned forward in his chair and declared, “The micros have been a huge success in the industry overall.” It was an understatement befitting the listed derivatives industry innovation tradition, for the story of the retail trader in 2025 is anything but micro.

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Recent Shifts in FCM Ownership and Market Dynamics

The futures commission merchant (FCM) landscape has undergone notable consolidation and transformation in recent years, driven by both traditional finance (TradFi) players and crypto-native firms seeking to establish regulatory footholds and expand their client base.

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When the Market’s a Mood Ring: Steve Sosnick on Trump, Crypto, and Why Volatility Never Sleeps

PALM BEACH GARDENS, Fla.-(JLN)-June 2, 2025—Steve Sosnick, the unflappable chief strategist at Interactive Brokers, has spent decades navigating the wilds of Wall Street. But at this year’s Options Industry Conference, he sounded less like a market veteran and more like a storm chaser, tracking the unpredictable fronts rolling in from Washington, D.C.

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