Jeff Bernacchi – Open Outcry Traders History Project

Jeff Bernacchi fell in love with futures trading on a trip to the exchange with his microeconomics class. He also recorded the best results in the class for paper trading. During college he was hired by Heinold Commodities to be a runner. At 21 he lease a membership with $5,000 and a letter of credit against his father’s home. He started in the Tbill pit about the time Paul Volcker, then head of the U.S. Federal Reserve, was announcing he was letter interest rate float. The “Volcker Statement” started Bernacchi’s good luck. He was a spreader and made history by installing the first phone bridge at the exchange, bringing all the traders onto the same line. His best trading day was in the Eurodollars on the Monday of the October 19 stock market crash

Other Traders

KENNY POLCARI – OPEN OUTCRY TRADERS HISTORY PROJECT PART 1

KENNY POLCARI – OPEN OUTCRY TRADERS HISTORY PROJECT PART 1

When he was young, Kenny Polcari wanted to be in politics – preferably to eventually be president of the United States. But, he said, “Thank God none of that came true.” When he was 19, he interned on the floor of the New York Stock Exchange. He knew nothing about the...

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TOM GREENE CELEBRATES 50 YEARS ON WALL STREET AT NYSE

TOM GREENE CELEBRATES 50 YEARS ON WALL STREET AT NYSE

HEAD OF NYSE TRADING FLOORS WORKED HIS WAY FROM RUNNER TO HEAD OF COTTON EXCHANGE AND ON TO NYSE TRADING FLOOR HEAD Tom Greene wanted to be a civil servant, perhaps a fireman, when he was growing up. However, despite his best efforts, those jobs went to returning...

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