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Trading Technologies Announces Matching Program to Benefit GoFundMe Campaign for MarketsWiki Education Video Series and John Lothian News | John Lothian News

Trading Technologies Announces Matching Program to Benefit GoFundMe Campaign for MarketsWiki Education Video Series and John Lothian News

John Lothian

John Lothian

Executive Chairman and CEO

As a pioneer of electronic trading, we at Trading Technologies value our industry’s rich history. We recognize the need to preserve our legacies and lessons to broadly educate and inspire those to come. This is what John Lothian News is doing through the Open Outcry Traders History Project, The Path to Electronic Trading, The History of Financial Futures series and MarketsWiki.

JLN established a GoFundMe campaign during the pandemic to support this work. So far, it has generated $33,626 of its $300,000 goal. 

To encourage broader giving, we are stepping up and announcing that we will match the next $20,000 in donations to this campaign. And we are challenging the other sponsors of JLN to launch their own matching programs.  

Why support JLN?

As the saying goes, you’ll never get to where you’re going if you don’t know where you came from. This is why it’s so important to support these initiatives. 

Through rich storytelling, the JLN team is working to capture the history that led us to this modern era, where anyone—from a small family farm to a global corporate conglomerate—can efficiently and effectively manage risk. They’re celebrating the game changers who catalyzed innovation and growth, sharing personal anecdotes through a series of fascinating on-camera interviews in the Open Outcry Traders History Project and The Path to Electronic Trading series. And they’re offering valuable insights and advice to students considering employment in this industry through the MarketsWiki World of Opportunity events. 

JLN needs funding to continue this ambitious work. It’s critical to educate not only those who have already built careers in this industry, but also the next generation of capital markets professionals. 

Our first donation to be matched is from Charlie Carey, a CME Group board member, former CME Group vice chairman and former CBOT chairman, in the amount of $1,000. Please join us in making your contribution HERE.

Follow us on Twitter at http://www.twitter.com/JohnLothian, http://www.twitter.com/MarketsWiki or http://www.twitter.com/JLNOptions. Follow JLN on LinkedIn at https://www.linkedin.com/company/236044/admin. Follow JLN on Facebook at https://www.facebook.com/johnlothiannews.

 

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Doug Engmann – Open Outcry Traders History Project – Part One

Doug Engmann – Open Outcry Traders History Project – Part One

A young Doug Engmann once had hopes of becoming a professional baseball player. Despite his continued love of the sport, his early career goals eventually shifted from the game of baseball to the game of investing. 

Throughout his career, Engmann employed a persistence and penchant for leadership in the West Coast options industry that carried him through dramatic events that include a proposed San Francisco options floor merger, the stock market crash of 1987, and a closed exchange during a massive earthquake.

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Tom Greene wanted to be a civil servant, perhaps a fireman, when he was growing up. However, despite his best efforts, the jobs went to returning VietNam veterans. So he chose a vocation working with electricity, but that did not get him too far. Eventually, a cousin on Wall Street suggested he come down to Wall Street. And so began a career that has spawned 50 years, from his days as a runner on the New York Cotton Exchange to his role of Senior Vice President at the New York Stock Exchange today.

Kenny Polcari – Open Outcry Traders History Project Part 2

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When Kenny Polcari started out at the New York Stock Exchange, “It was paper and pencil until the turn of the century,” he said. 

The exchange started to introduce handheld computers in the late 1990s, but it was only in beta, not full blown yet.  Everyone was preparing for Y2K. When Y2K happened and the technology didn’t fail, Polcari said, there was a push on the industry to move forward with modernization. They converted all the stocks over to decimals alphabetically, one at a time, over a six-month period, starting with the stocks named A to D. 

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