Futures Hall of Famers Moore and Heinz Reflect on Trading Careers in JLN Interview

May 23, 2024

John Lothian

John Lothian

Executive Chairman and CEO

BOCA RATON, Fla. (JLN) – Robert Moore and James Heinz, two veteran traders recently inducted into the FIA Futures Hall of Fame, reflected on their decades-long partnership and the evolution of the industry in an interview with John Lothian News.

Moore and Heinz, former pit traders who founded the proprietary trading firm Marquette Partners, were candid about the challenges they faced early in their careers.

“I had $1,000 when I started,” Heinz said. “I wrote notes every day. I had no option but to succeed.”

Moore echoed that sentiment, saying, “I had no choice. I had to make it.”

The two credited their backgrounds as college athletes for instilling the resilience and teamwork needed to thrive in the competitive trading pits of Chicago. Their firm’s legacy, they said, was identifying and nurturing talented traders.

As the industry shifted to electronic trading in the 1990s, Marquette Partners was an early adopter. “We were right there when the Globex era started,” Heinz said.

Looking ahead, Moore and Heinz have scaled back operations to a family office structure, with a focus on digital assets and sustainable energy investments. They remain bullish on cryptocurrencies like Bitcoin.

“It’s a vote of no confidence in the dollar,” Heinz said of Bitcoin’s recent gains against the U.S. currency.

The partners expressed humility about their Hall of Fame induction, crediting mentors and the traders they employed over the years. As Heinz put it, “To be entered in as a market participant on the buy side is quite an honor.”

Their decades-long partnership was a point of pride. “You don’t have a lot of partnerships that last 35 years,” Moore said.

The interview, part of the JLN Industry Leader series sponsored by Wedbush, provided a window into the careers of two respected industry pioneers.

Crisis memory, geopolitics and the risks of financial contagion

Crisis memory, geopolitics and the risks of financial contagion

First Read Hits & Takes John Lothian & JLN Staff When Jack A. Wing died in 2011, I realized the industry was losing some of the pioneers of the financial futures era. Wing founded the masters program in financial engineering at the Illinois Institute of Technology,...

We visit more than 100 financial news websites daily (Would YOU do that?)

The Spread

Todays  Options Newsletter

The Stock Market Has Rarely Been This Sleepy

Lead Stories The Stock Market Has Rarely Been This Sleepy Gunjan Banerji - The Wall Street Journal It's eerily calm out there in the stock market. The Cboe Volatility Index, or VIX, dropped below 12 last week, a nearly five-year low. The gauge, based on options prices...

Now Read This

John Lothian: Week in Review (June 17-21, 2024)

John Lothian: Week in Review (June 17-21, 2024)

JLN PRESS ROOM PICK OF THE WEEK

Opinion: Class-Action Lawsuit Against CME Group Holds Disruptive Potential to Membership Prices, Future Deals and CME Leadership

A long-standing certified class-action lawsuit against CME Group, filed by members of the Chicago Board of Trade and Chicago Mercantile Exchange, poses a potential threat to the exchange group’s membership market. A mediated settlement, encouraged by the judge, could reshape how trading rights are offered at the exchange and potentially benefit a class of shareholders, whose B-shares have declined while A-share values rose.

ASEAN exchange leaders discuss transition finance and the economic shift to net zero

ASEAN exchange leaders discuss transition finance and the economic shift to net zero

In a recent roundtable on transition finance with the World Federation of Exchanges (WFE), JLN spoke with three dynamic leaders representing exchanges from the Association of Southeast Asian Nations (ASEAN), all members of the World Federation of Exchanges. Speaking with us were Dr. Soraphol Tulayasathien, senior executive vice president, Stock Exchange of Thailand (SET); Dr Hezri Adnan, current director, group sustainability of Bursa Malaysia; and Laurent Poirot, head of product strategy and development at SGX. Contributing to the conversation were Nandini Sukumar, CEO of the WFE and Victoria Powell, senior manager – ESG, regulatory affairs for the WFE.

Regulatory Uncertainty Clouds Options Market Innovation

Regulatory Uncertainty Clouds Options Market Innovation

David Dooman, head of options at Dash Financial, a subsidiary of ION Group, expressed concerns about the impact of regulatory uncertainty on the options markets during an interview at the Options Conference in Asheville, NC.  Dooman highlighted several key issues stifling innovation and offered recommendations to address the industry’s challenges.

John Lothian: Week in Review (June  10-14, 2024)

John Lothian: Week in Review (June 10-14, 2024)

JLN PRESS ROOM PICK OF THE WEEK

The role of the FCM: Futures Discovery EP 10

Today, we’re immersing ourselves in a detailed exploration of the pivotal role of Futures Commission Merchants, commonly known as FCMs. These financial intermediaries play a crucial role in facilitating futures and options trading, serving as a linchpin in the complex web of derivative markets. Understanding the intricate responsibilities and functions of FCMs is essential for navigating the dynamic landscape of modern financial systems.