JLN 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.

John Lothian Newsletter

Today's Newsletter

The SEC Wants to Give Public Investors a Fair Shot

The SEC Wants to Give Public Investors a Fair Shot

Get a FREE 90 day trial of John Lothian Newsletter First ReadDistrust for Facebook unites Republicans and Democrats against LibraMatt Raebel - John Lothian NewsIn 2019, congressional Republicans and Democrats have at least one thing they all...

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

Now Read This

A Look Back with Steve Staszak

Former CME Group Director of Clearing Operations Reflects on a Career that Spanned the Modern Futures Trading Era Steve Staszak recently retired from the CME Group, where he was director of clearing operations. Staszak began his career at the...

Open Outcry Traders History Project Announced by John Lothian

John J. Lothian & Company, Inc., MarketsWiki Education and John Lothian Productions are pleased to announce plans for a large scale video project to collect the history of the open outcry era and traders’ personal stories. Additionally, John Lothian Productions plans to develop video documentaries about specific themes and subjects emerging from the collected personal histories.

Pin It on Pinterest

Share This