Jake Morowitz came to the Chicago Board of Trade as a philosophy major and a member of the Students for a Democratic Society. A former professor recruited him to come work in the markets and he was hired as a researcher. He bought his first membership with the help of Leslie Rosenthal.
Mike Fishbain is a former open outcry trader at the Chicago Mercantile Exchange. Today he is part of the customer support team at Trading Technologies, a leading provider of trading screen technology to the futures and options markets. He sat for an interview with John Lothian News as part of the MarketsWiki Education Open Outcry Traders History Project.
Tom Gould is a former option trader at the Chicago Board Options Exchange. He went on to a brokerage and compliance career. He tells his story about his days trading on the floor of the CBOE to John Lothian News as part of the MarketsWiki Education Open Outcry Traders History Project.
Jordan Melamed is a former trader at the Chicago Mercantile Exchange and a filmmaker. He is the son of CME Chairman Emeritus Leo Melamed. He followed his father’s footsteps to the trading floor of the CME. After a career trading in the open outcry markets he pursued a career as a filmmaker. He is the director of “Futures Past,” a story of the end of open outcry trading and the human element of trading and family.
The first video we are releasing from the Open Outcry Traders History Project is of 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. Here is his story.