Open Outcry Traders History Project

John J. Lothian & Company, Inc., MarketsWiki Education and John Lothian Productions are pleased to announce plans for a large scale video project to collect the history of the open outcry era and traders’ personal stories.

Additionally, John Lothian Productions plans to develop video documentaries about specific themes and subjects emerging from the collected personal histories.

The project is modeled on the Veterans History Project signed into law by President Bill Clinton in the 1990s. In this case, rather than capturing the experiences of veterans of warfare and conflict, we are capturing the personal market experiences of those who participated in open outcry markets around the world. Traders from Chicago to London to Paris to Sydney to Singapore and beyond are welcome to submit videos.

Featured Trader

Leo Melamed

In this video, Leo tells of his start as a law student and runner, how he financed his first membership with help from his father and how many times he went broke. Three. There are lots of great stories from Leo – from how he makes his trading decisions to the impact of his career on his family and what kind of father he was. The Chairman Emeritus of the CME has had a long, history-making career.

Trader Videos

JAMES GORDON: FORMER TIMBER HILL OPEN OUTCRY TRADER STORY

JAMES GORDON: FORMER TIMBER HILL OPEN OUTCRY TRADER STORY

James Gordon spent eight years working on the Cboe trading floor as a trader for Timber Hill. His experience, and how he was treated as a trader, was different from others’. He found his way to the exchange through a brother who was a clerk at the CME. Gordon was an...

MAUREEN OBERMEIER: OPEN OUTCRY TRADERS HISTORY PROJECT

MAUREEN OBERMEIER: OPEN OUTCRY TRADERS HISTORY PROJECT

Maureen Obermeier started on the CBOE floor the summer after her freshman year of college and never left. She helped some friends get jobs that summer, and some, like her, stayed and built careers in the markets. She became a CBOE member when she turned 21 and filled...

JACK SANDNER – OPEN OUTCRY TRADERS HISTORY PROJECT – PART TWO

JACK SANDNER – OPEN OUTCRY TRADERS HISTORY PROJECT – PART TWO

Jack Sandner is a former chairman of the Chicago Mercantile Exchange and longtime board member of the CME Group. In part two of this interview with John Lothian News for the MarketsWiki Education Open Outcry Traders History Project he talks about how the S&P 500...

JACK SANDNER – OPEN OUTCRY TRADERS HISTORY PROJECT – PART ONE

JACK SANDNER – OPEN OUTCRY TRADERS HISTORY PROJECT – PART ONE

John F. (Jack) Sandner is a boxer, lawyer, trader and former CME chairman who served as a director of CME Group from July 2007 to February of 2018. Sandner sat for an interview with John Lothian News for the MarketsWiki Education Open Outcry Traders History Project....

JEFF CARTER – OPEN OUTCRY TRADERS HISTORY PROJECT

JEFF CARTER – OPEN OUTCRY TRADERS HISTORY PROJECT

Jeff Carter is a Chicago-based trader and venture capital executive and long time member of the Chicago Mercantile Exchange, where he formerly served on their board of directors. He is currently a manager with West Loop Ventures, an early stage venture capital fund....

PAT ARBOR: OPEN OUTCRY TRADERS HISTORY PROJECT

PAT ARBOR: OPEN OUTCRY TRADERS HISTORY PROJECT

Pat Arbor answered a blind ad in the Chicago Tribune for a grain trader at Uhlmann Grain at the CBOT in 1962, and the rest was history – quite a bit of history. He made several big mistakes at first, such as selling his CBOT membership in 1968 to pay back a $14,000...

Buck Haworth – Open Outcry Traders History Project – Part 2

Buck Haworth – Open Outcry Traders History Project – Part 2

Buck Haworth has been a consultant, a CPA, a back office accountant, an exchange audit department executive, a foreign exchange arbitrage desk manager, an exchange member, a scalper, a spreader, an exchange board member and officer, and a technology entrepreneur. In...

Buck Haworth – Open Outcry Traders History Project – Part One

Buck Haworth – Open Outcry Traders History Project – Part One

Buck Haworth has been a consultant, a CPA, a back office accountant, an exchange audit department executive, a foreign exchange arbitrage desk manager, an exchange member, a scalper, a spreader, an exchange board member and officer, and a technology executive. He sat...

TOM ZAGARA – PART 2 – OPEN OUTCRY TRADERS HISTORY PROJECT

TOM ZAGARA – PART 2 – OPEN OUTCRY TRADERS HISTORY PROJECT

Tom Zagara has lots of great stories to tell from his time as a trader at the Chicago Board Options Exchange. There were so many, we broke his interview into two parts. In Part 2 of his interview for the Open Outcry Traders History Project, Zagara tells the tale of...

TOM ZAGARA – OPEN OUTCRY TRADERS HISTORY PROJECT – PART 1

TOM ZAGARA – OPEN OUTCRY TRADERS HISTORY PROJECT – PART 1

Tom Zagara has lots of great stories to tell from his time as a trader at the Chicago Board Options Exchange. He was a broker, trader, marketmaker and more down on the CBOE trading floor starting in the 1970s. His best day trading was the stock market crash of 1987....