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 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 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 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 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....

Ed Ryan sat for an interview with John Lothian News for the MarketsWiki Education Open Outcry Traders interview. He was a city kid who had a friend down the street who worked at the Chicago Board of Trade. A chance meeting with his friend brought in invitation to...

Dan Keegan is a former trader on the CBOE. He started as a runner with AG Becker, who had very ugly plaid trading jackets. Keegan always leased seats and was happier to pay more rather than less, because more meant there was more market opportunity. His best day was...

Lee Tenzer is one of the giants of the Chicago markets. He was an inaugural member of the Crowd of Fame from the Options Industry Council. Lee E. Tenzer is the founder of trading firm LETCO and brought two leading names from the industry into the markets. His first...

Marc Nagel is a derivatives consultant, lawyer, CPA and expert witness. He also spent 26 years as a pit trader at the Chicago Board of Trade. He sat for an interview about his years on the trading floor with John Lothian News for the Open Outcry Traders History...

Ed Tilly is a former trader on the Cboe who turned his board leadership into a career as a Cboe executive and today is the chairman, president and CEO of Cboe Global Markets. He sat for an interview with John Lothian News for the MarketsWiki Education Open Outcry...

Jim Downs learned about the CBOE from a personal finance class while an engineering student. He loved modeling the markets and found his way to the CBOE. After reading the Black-Scholes paper, he reverse engineered it in the Basic coding language on an Apple IIE....

Dan Stern is part of a prominent Chicago Board of Trade family. His father, Lee Stern, joined the CBOT in 1949 and is currently the oldest CBOT member. His first membership was a family transfer from his mom. Stern has traded on the CBOT and the CBOE. Here he tells...