Tom Zagara – Open Outcry Traders History Project – Part 1

John Lothian

John Lothian

Executive Chairman and CEO

Tom Zagara has lots of great stories to tell from his time as a trader at the Chicago Board Options Exchange. He was a broker, trader, marketmaker and more down on the CBOE trading floor starting in the 1970s. His best day trading was the stock market crash of 1987. He was positioned to make markets because of the discipline of his trading, covering short positions before they expired. As a result, he had plenty of trading firepower for when the market was so out of sorts. This is part one of a two part interview Tom had with John Lothian News for the Open Outcry Traders History Project.

John Lothian Newsletter

Today’s Newsletter

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

More Trader History Videos

Lee Tenzer – Open Outcry Traders History Project

Lee Tenzer – Open Outcry Traders History Project

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...

Marc Nagel – Open Outcry Traders History Project

Marc Nagel – Open Outcry Traders History Project

Marc Nagel is a derivatives consultant, lawyer, CPA and expert witness. He also spent 26 years as a pit trader at the Chicago Board of Trade. He sat for an interview about his years on the trading floor with John Lothian News for the Open Outcry Traders History Project.

Jim Downs – Open Outcry Traders History Project

Jim Downs – Open Outcry Traders History Project

Jim Downs learned about the CBOE from a personal finance class while an engineering student. He loved modeling the markets and found his way to the CBOE. After reading the Black-Scholes paper, he reverse engineered it in the Basic coding language on an Apple IIE.

Pin It on Pinterest

Share This Story