John Lothian: Week in Review (May 13-17, 2024)

In an interview for the Open Outcry Traders History Project, veteran trader George Hanley recounted the rich history of his family’s involvement with the Chicago Board of Trade (CBOT). The interview, part one of three parts conducted by John Lothian News for the MarketsWiki Education video series, explored the Hanley family’s deep-rooted connections to the trading world, dating back to the early 20th century.

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In the second part of the Open Outcry Traders History Project interview with veteran trader George Hanley for the MarketsWiki Education series, Hanley shares insights into his dynamic trading journey.

Hanley was trading every month of soybeans at the MidAm and he was one of the few people at the exchange who figured out how to trade the expiring contract and take delivery, if need be. He opened the necessary banking lines, and one time the last day before expiration, he bought the market limit down and sold it limit up because others were afraid to get caught and have to take delivery, he said.

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The Greenwood Project, a nonprofit that prepares minority college students for careers in financial services, is undergoing major changes under new CEO Kwesi Smith to significantly expand its reach and impact.

Smith, who has two decades of experience as a research analyst and investor, took over leadership of the Chicago-based organization in 2023. He aims to transform Greenwood into the premier talent pipeline for Black and Latino students nationwide seeking high-trajectory finance careers, Smith told John Lothian News in a recent video interview.

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Adam Inzirillo, the head of data and access solutions at Cboe, spoke to JLN at the FIA International Futures Industry Conference in Boca Raton, FL in March about his experience with electronic trading products before joining Cboe, the lessons he learned in his first months on the job, and the breadth of services Cboe is offering these days. Inzirillo talked with John Lothian News as part of the JLN Industry Leader video series sponsored by Wedbush.

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In an interview with John Lothian News at the FIA International Futures Industry Conference in Boca Raton, FL, Derek Haworth, the founder and CTO of BornTec, underscored the importance of data integrity and operational resilience for firms in the futures industry.

Haworth stressed that having “bulletproof data” is key, stating, “If you have data that is safe, 90% useful and enriched, you’ll be able to use that data in some context. Take that bar up to 100% and the data becomes infinitely more useful.”

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