John Lothian Profiles: Lee Stern

John Lothian

John Lothian

Executive Chairman and CEO

John Lothian Profiles: Lee Stern

JLN Staff

Lee Stern has seen it all in his career – the highs of great markets and the lows of market scandal. After completing his military service in 1947, Stern enrolled in Roosevelt College and then found his way to the Chicago Board of Trade after answering an ad for a runner on the floor. From there, he began what has been a 65-year career as a trader, broker and member at the CBOT. Stern recalls the thrill of making his first spread trade and the low point in 1992, when a customer schemed to manipulate the bond market and lost $9 million. That event led to a brief suspension and its eventual exit as a clearing member firm.

And if trading was his first love, his second is certainly professional sports – as the founder and owner of the Chicago Sting soccer team in 1974 and then as a part owner of the Chicago White Sox in 1976. John Lothian News presents the story of a career that has spanned more than six decades – and counting.

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John Lothian Newsletter

Today’s Newsletter

GameStop and Bitcoin Renewed a Push to Digitize the Stock Market

GameStop and Bitcoin Renewed a Push to Digitize the Stock Market

First Read $34,126/$300,000 (11.4%) ++++ Hits & Takes John Lothian & JLN Staff There is a new Van Gogh exhibit in New York billed as Van Gogh - The Immersive Experience. The site of this exhibit is the former trading floor of the NYMEX. The NYMEX trading floor...

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

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Mike Cavanaugh – Open Outcry Traders History Project

Mike Cavanaugh – Open Outcry Traders History Project

Mike Cavanaugh found his way to the trading industry despite his degree in political science because he had a brother-in-law in the wheat pit at the CBOT. He did a summer internship working for “one of the more prolific wheat traders” and soon fell in love with the place. 

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