John talks with Henry Schwartz, president of Trade Alert LLC, for “John’s Take”

John Lothian Publisher John Lothian News

JOHN LOTHIAN

Executive Chairman & CEO

John J. Lothian is the founder and co-owner of MarketsWikiMarketsWiki Education and MarketsReformWiki and the publisher of John Lothian News.

JOHN’s take

John talks with Henry Schwartz for “John’s Take”

The (little) Exchange is the Hot Commodity

This is John Lothian with John’s Take for The Spread for John Lothian News January 28, 2022. Today I will share some key video clips with you of an interview I did with Cboe’s Senior. Director, Head of Product Intelligence, Data & Access Solutions, Henry Schwartz, for The Path to Electronic Trading video series from MarketsWiki Education and John Lothian News.

Henry Schwartz wanted to be an actor when he grew up, but then he decided he wanted to make a lot of money. Like a lot of other geeky kids who grew up watching movies like War Games and Tron, Schwartz was interested in computers. And that interest and a friend’s father changed his career plans.

Clip One

Henry’s father was a lawyer who wanted Henry to follow him into the practice of the law. But that is not what happened, instead this is.

Clip Two

Schwartz’s first summer on the floor of the CBOE was in 1987 and this is how he described the experience.

Clip Three

Then one day Schwartz runner’s job at Hull Trading almost turned into being a flier in what he describes as one of his funniest experiences.

Clip Four 

Schwartz figured out in 1987 that markets have risk with long tails that could follow him all the way back to college, but that cash is king.

Clip Five

When Hull Trading wanted to open an office in Frankfurt to trade the newly electronic markets, Schwartz raised his hand and his geeky gamer side paid off again.

Clip Six

But it was not really the Frankfurt office Schwartz wanted, but the Paris office. This proved a powerful lesson in the difference between open outcry trading on the Monep and electronic trading on DTB. 

Clip Seven

You can watch the entire two part interview with Cboe’s Henry Schwartz next week on JohnLothianNews.com.

This has been John Lothian.

Goodbye

Sponsors

THIS WEEK’S VIDEOS

PAST SPREAD EPISODES

Euronext presents “Options Term of the Week”. Exposure on The Full Underlying Value

Cboe Completes Acquisition of ErisX; CME Group to Launch options on Micro WTI Crude Oil futures; Cboe FX Markets’ Trading Volume Drops

Alex Perry Author John Lothian News ALEX PERRY’S OPTIONSTOPIA: “Alex Perry’s Optionstopia” takes a look at this week’s options news highlights: Cboe Completes Acquisition of ErisX; CME Group to Launch options on Micro WTI Crude Oil futures; Cboe FX Markets’ Trading Volume Drops

TERM OF THE WEEK: Euronext presents “Options Term of the Week”. Exposure on The Full Underlying Value

Pin It on Pinterest

Share This Story