OPEN OUTCRY TRADERS HISTORY PROJECT

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.

The project is modeled on the Veterans History Project signed into law by President Bill Clinton in the 1990s. In this case, rather than capturing the experiences of veterans of warfare and conflict, we are capturing the personal market experiences of those who participated in open outcry markets around the world. Traders from Chicago to London to Paris to Sydney to Singapore and beyond are welcome to submit videos.

Those traders interested are asked to fill out this Google Form or email us at OpenOutcry@johnlothian.com for more information.

Jacob Morowitz: Open Outcry Traders History Project

Jake Morowitz came to the Chicago Board of Trade as a philosophy major and a member of the Students for a Democratic Society. A former professor recruited him to come work in the markets and he was hired as a researcher. He bought his first membership with the help of Leslie Rosenthal.

Mike Fishbain – Open Outcry Traders History Project

Mike Fishbain is a former open outcry trader at the Chicago Mercantile Exchange. Today he is part of the customer support team at Trading Technologies, a leading provider of trading screen technology to the futures and options markets. He sat for an interview with John Lothian News as part of the MarketsWiki Education Open Outcry Traders History Project.

Tom Gould – Open Outcry Traders History Project

Tom Gould is a former option trader at the Chicago Board Options Exchange. He went on to a brokerage and compliance career. He tells his story about his days trading on the floor of the CBOE to John Lothian News as part of the MarketsWiki Education Open Outcry Traders History Project.

Jordan Melamed – Open Outcry Traders History Project

Jordan Melamed is a former trader at the Chicago Mercantile Exchange and a filmmaker. He is the son of CME Chairman Emeritus Leo Melamed. He followed his father’s footsteps to the trading floor of the CME. After a career trading in the open outcry markets he pursued a career as a filmmaker. He is the director of “Futures Past,” a story of the end of open outcry trading and the human element of trading and family.

Leo Melamed – Open Outcry Traders History Project

The first video we are releasing from the Open Outcry Traders History Project is of Leo Melamed. In this video, Leo tells of his start as a law student and runner, how he financed his first membership with help from his father and how many times he went broke. Three. There are lots of great stories from Leo - from how he makes his trading decisions to the impact of his career on his family and what kind of father he was. The Chairman Emeritus of the CME has had a long, history-making career. Here is his story.

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