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. He talks about his interaction with one of the FBI moles who was in the soybean pit. After leaving the exchange and spending some time in Paris, France, Morowitz returned to the exchange and formed USA Trading to help clear fellow traders. Today USA Trading is a division of INTL FC Stone. Here is Jake’s story of coming to the markets and trading in them.
Produced by Mike Forrester