NYSE executive Meaghan Dugan always worked in kitchens as a youth and had dreams of becoming a famous chef. She even earned a degree in culinary science. However, instead of donning a poofy cap for a career as a chef, she pursued a career in the markets at the Pacific Stock Exchange and wore a colorful jacket.
Tim Brennan did not know what he wanted to do after graduating from a small liberal arts college with a degree in psychology. As with many other traders from this era, his mom had a friend who could get him a job as a runner at the Chicago Board Options Exchange.
Alex Lamb pursued one opportunity after another in the burgeoning financial futures markets in Europe starting in the mid-1970s, then later with technology providers to markets around the world that migrated to electronic formats. After he hired Gary Kemp as a programmer to connect GMI and DTB and then develop a front-end screen that turned into Trading Technologies’ desktop offering, Kemp returned the favor and hired Lamb at TT.
Alex Lamb wanted to be a helicopter pilot in the U.K. Royal Airforce. He never had the chance, but he strategically landed opportunity after opportunity in the banking, trading and related technology businesses during his long and varied career.
Lamb even helped launch the firm Trading Technologies, outlining to then contractor Gary Kemp what he wanted for a new electronic trading screen that would allow brokers to enter orders for multiple accounts and be able to track them more efficiently. That was the genesis of the screen that became Trading Technologies’ desktop offering.
John Walls is an executive with ADM Investor Services, but he started in the industry like many others of his generation as a trading floor messenger or runner. As a runner on the MidAmerica Commodity Exchange trading floor working for Shatkin Trading, Walls took advantage of nearly every opportunity he was presented with to learn all the different aspects of the markets and futures industry.
In Part Two of Robin Trott – The Path to Electronic Trading, Trott talked about how block trade and call-around markets developed in Europe. Platforms were rushing to write to all of the individual European markets. There were a large number of them back then.
Robin Trott started out as an undergrad studying philosophy and politics, but it was the peak of the dotcom bust and he realized that wasn’t very practical. So he got a Master’s degree and got on the technology and operations graduate scheme at JP Morgan.
Veteran Trader and Serial Entrepreneur Shares tastytrade and Thinkorswim Origin Stories Tom Sosnoff is a serial entrepreneur whose endeavors are transforming how people trade and understand the markets. Expanding on his success as an open outcry options trader on the...
Former CME CIO Krause Recalls the History of CME Globex From the Beginning Jim Krause came to the futures industry from a job in temperature control and HVAC at a company called MCC Powers. He followed Don Serpico, his supervisor at MCC Powers, who had been hired by...
Former IMC Trader and Executive Opens Up About Trading on the Floor, Off The Floor and Building the GOAT Trading System at IMC Scott Knudsen found his way to the world of trading by mistake on the online portal at the career center at the Northwestern University where...
A Trader and Industry Executive Who Continues to Change with the Times. John Lothian News interviewed Scott Knudsen, the founder of Cove Markets and a longtime former executive with IMC, for The Path to Electronic Trading video series, but we broke off this part of...
As a pioneer of electronic trading, we at Trading Technologies value our industry’s rich history. We recognize the need to preserve our legacies and lessons to broadly educate and inspire those to come. This is what John Lothian News is doing through the Open Outcry...
A Swedish Perspective from the Early Days of Electronic Trading
Peter Fredriksson was with OM in Sweden when they offered the first electronic trading platform.
Electronic trading changed the way quotes are generated, archived and delivered to traders, brokers and their clients over the internet. Barchart was a pioneer in delivering quotes over the internet and providing them for several exchanges. Today it is the largest futures-centric quote provider.
First Read $51,906/$300,000 (17.3%) ++++ Hits & Takes John Lothian & JLN Staff The STA is holding the 88th Annual Market Structure Conference in person on October 6-8 at the JW Marriott in Washington, DC with the title "The Great Return." That is a very good...
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Lead Stories How Options Trading Is Driving Up Stocks—and Driving Them Down Andrew Bary - Barron's Options trading by retail investors may account for the strength in the S&P 500 during the morning this year and weakness in the afternoon. The S&P 500 is up 9%...
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