What’s Up With the Next Gen of Traders?

Spencer Doar

Spencer Doar

Associate Editor

The old way to learn the trading ropes – via open outcry pits – is nearly nonexistent. So where is the next generation of traders going to come from? What is going to attract interest and enable these newbies to enter the markets?

In this compilation video from FIA Expo, Cboe Global Markets Chairman of the Board and CEO Ed Tilly, YCharts President and CEO Sean Brown, and CQG Senior Vice President of Client Relations Pat Kenny discuss what is going to help attract fresh talent to the trading industry.

 

Produced by Mike Forrester

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Yra Harris – Open Outcry Traders History Project – Part 1

Yra Harris – Open Outcry Traders History Project – Part 1

Yra Harris was on a career track to become a college professor in the 1970s, earning a master’s degree in economics. But when he came home from school his parents gave him $250 for a suit and told him to go look for a job. He did, interviewing at Continental Bank, First Chicago and other banks, but he said he had “broader expectations,” as well as aspirations to go to Washington to work for a congressional committee. A family friend suggested he get an IMM (International Monetary Market) seat at the CME for $10,000, but it wasn’t until May 1977 that he got a membership.

Larry Abrams – Open Outcry Traders History Project – Part 1

Larry Abrams – Open Outcry Traders History Project – Part 1

Larry Abrams’ career started with a chance encounter on a ski lift which was prompted by a good deed. He and some friends helped to push a stranded car that was stuck during a blizzard in Park City, Utah. The next day on the lift line he was paired with the man whose car he had helped push out the night before, who happened to be an options market maker at the Cboe. By the time he got off the lift line, he knew that was what he wanted to do.

The Spread – July 23, 2021

The Spread – July 23, 2021

Volatility makes a return appearance as the Delta variant jangles nerves; Treasury bond yields perk up; July options expire; John Lothian chats with Cboe’s Ed Tilly about a World of Opportunity; UBS and SEC reach a settlement; FIA Tech expands; and the Options Institute’s Kevin Davitt explains why contract size matters in the “Term of the Week.”

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