Gary Sagui – Open Outcry Traders History Project

John Lothian

John Lothian

Executive Chairman and CEO

Gary Sagui started his career at Harris Bank in foreign exchange, then moved to New York for a bond trading job at firm that later failed. However, a chance meeting at a cocktail party for the failed firm and Paine Webber, which took over his firm, introduced him to Bill Dudley.

Dudley offered him a job in Chicago as a trader, where he was promised a membership and three hours a day to trade for himself after filling orders for customers. The growing success of the financial futures at the Chicago Board of Trade interfered with his personal trading, so Sagui moved to Kidder Peabody. There he had a lot of success and made partner during his seven year stay. He resigned from Kidder and joined his brother Matt as a broker and local trader. He tells some amazing stories of his biggest winner and biggest loser, including trading during the Long Term Capital Management crisis in 1998.

John Lothian Newsletter

Today’s Newsletter

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

More Trader History Videos

Lee Tenzer – Open Outcry Traders History Project

Lee Tenzer – Open Outcry Traders History Project

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 – Open Outcry Traders History Project

Marc Nagel – Open Outcry Traders History Project

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 Project.

Jim Downs – Open Outcry Traders History Project

Jim Downs – Open Outcry Traders History Project

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.

Pin It on Pinterest

Share This Story