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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Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

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

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Rich Repetto Reflects on a Research Career Analyzing Electronic Trading

Rich Repetto Reflects on a Research Career Analyzing Electronic Trading

John Lothian News recently interviewed the recently retired Piper Sandler Managing Director Rich Repetto for the John Lothian Profiles video series. The interview coincided with Repetto’s recognition by the charity Tuesday’s Children. Repetto shared insights from his career journey in the financial industry, which started rather late. Repetto began work on a Wharton MBA at age 36 after graduating from West Point and serving in the U.S. Army as a helicopter pilot for five years. At Wharton he took every finance class he could to catch up, he said.

Amanda Cain – John Lothian Profiles – Part Two

Amanda Cain – John Lothian Profiles – Part Two

In a part two of her interview with John Lothian News for the John Lothian Profiles series, Amanda Cain discussed her founding of Male Allies for Women within the Americas Women’s Network. This initiative seeks to address gender diversity issues in corporate environments, particularly focusing on promoting women to director-level roles and above.

Amanda Cain – John Lothian Profiles – Part One

Amanda Cain – John Lothian Profiles – Part One

In a recent interview with John Lothian Profiles, Amanda Cain shared her journey into the financial services industry and her experiences as a pioneering woman in the field. Cain’s entry into the industry began when she was invited to join the EDF Man Commodities Training Program, a move that she described as lucky and unexpected. She recalled a time when she was one of the few women in the industry, with limited female colleagues.

Andy Yemma – John Lothian Profiles, Part Two

Andy Yemma – John Lothian Profiles, Part Two

which came as a shock to him. While he noted that CME traders often violated exchange rules and occasionally faced CFTC cases, the magnitude of the FBI case was unprecedented. Yemma’s initial awareness of the FBI case came from Bill Crawford, a former Tribune reporter who had experience as a police reporter and then covered the exchanges.

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

Hedge Funds Get Closer to Clearing Repo Trades Directly on Eurex

First Read Hits & Takes John Lothian & JLN Staff Welcome to March. One of the market issues of the moment is bitcoin halving, an event that occurs approximately every four years whereby Bitcoin miners are rewarded half the amount they were previously rewarded for...

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

The Spread

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Open Outcry Traders History Project Podcast: From Trading Floors to Life’s Crossroads,  Tom Gould’s Journey Through Trading and Giving Back

Open Outcry Traders History Project Podcast: From Trading Floors to Life’s Crossroads, Tom Gould’s Journey Through Trading and Giving Back

In this podcast version of the Open Outcry Traders History Project video interview, Tom Gould reflects on his trading career and the life-changing experience of a heart attack that led him to give back to the community. Gould’s journey began unexpectedly when he took a summer job at the Chicago Board Options Exchange and then after a second summer received a call from his boss with an offer to forego law school and join the Chicago Board Options Exchange (CBOE). His time on the trading floor had been eye-opening, filled with excitement and learning opportunities, so he took the job.

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