Mike Cavanaugh found his way to the trading industry despite his degree in political science because he had a brother-in-law in the wheat pit at the CBOT. He did a summer internship working for “one of the more prolific wheat traders” and soon fell in love with the place.
Open Outcry Traders History Project
Olivier Raevel – MarketsWiki Education Open Outcry Traders History Project
Olivier Raevel is the first trader from the International Petroleum Exchange, or IPE, to be interviewed for the JLN MarketsWiki Education Open Outcry Traders History Project. He made history as a founding member of ICE and recommended that ICE buy the IPE.
Andy Tan: Open Outcry Traders History Project
Andy Tan is a former floor broker on SIMEX for Merrill Lynch. He was in the SIMEX trading pits with Merrill Lynch for almost 15 years.
David Johnson – Open Outcry Traders History Project
David Johnson was trading OTC stocks and options for Pershing in 1970. He was in the right place at the right time when the CBOT decided to launch an options exchange.
Chris Hehmeyer: Open Outcry Traders History Project
Chris Hehmeyer started out as a runner in the CBOT grain pits, but he really wanted to get into the financial room – which many of the grain traders sneered at. He did it, trading bonds and eventually becoming a phone clerk.
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We need your help. John Lothian News is running a GoFundMe campaign to support our MarketsWiki Education history-focused video series and our company at large.
Tom Rinaudo – MarketsWiki Education Open Outcry Traders History Project
Tom Rinaudo was working at a bank when his mother heard about a job at the Chicago Board of Trade. He had no idea what the Board of Trade was all about, but he said yes and was hired by JK McKerr in a back office job.
Art Margulis – Open Outcry Traders History Project – MarketsWiki Education
Art Margulis answered a job advertisement in the Chicago Tribune for a research analyst position at the Chicago Board Options Exchange after graduating from Princeton. That was his entry into the world of open outcry trading.
David Greenberg – MarketsWiki Education Open Outcry Traders History Project
David Greenberg started his career in Chicago as a runner making $3.75 an hour. HIs father was a COMEX trader who later served as chairman of COMEX. So Greenberg took his Chicago experience to New York and started working for his father's company on COMEX. But he...
Joyce Selander – MarketsWiki Education Open Outcry Traders History Project
Joyce Selander is a former open outcry trader and one of the few women who found a home in a trading pit of men much bigger and stronger than her. But she found a niche and had friends in the trading pit who would help protect her from the organized chaos that was pit...
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 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.
Chess Obermeier – MarketsWiki Education Open Outcry Traders History Project
Chess Obermeier started working for his cousin, Charles Obermeier, at the Cboe, and was able to purchase his first membership by his 21st birthday.
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 and Eurodollars started, the tax straddle that caused tax laws to change and his take on spoofing.
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Today’s Newsletter

Cboe Says It’s Seeking Approval to List Bitcoin ETF in U.S.; SPACs Are Hot Because They Are the ‘Poor Man’s Private Equity Funds’
Cboe Says It’s Seeking Approval to List Bitcoin ETF in U.S.; SPACs Are Hot Because They Are the ‘Poor Man’s Private Equity Funds’
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JLN Options Newsletter
Today’s Newsletter

Bond selloff eases but risk gauges flash orange; Cboe Seeks Approval to List Trailblazer Bitcoin ETF in U.S.
Bond selloff eases but risk gauges flash orange; Cboe Seeks Approval to List Trailblazer Bitcoin ETF in U.S.
Everything you need to know about Options Today