Lee Tenzer – Open Outcry Traders History Project

John Lothian

John Lothian

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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 clerk was Jon Najarian and later he hired Don Wilson. He formed LETCO so he and Najarian could both trade, as an entity was required to do that. At its peak, LETCO had 75 traders and 150 employees. His trading style was to be neutral and take the other side of the customer orders, which he did profitably. He exited the trading business in 2002 as electronic trading negatively impacted the trading floor. Today he has a family office with various investments, including Lake Geneva Canopy Tours.

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