William Mallers, Sr.
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The late William (Bill) Mallers, Sr. was a former chairman of the Chicago Board of Trade and the founder of First American Discount Corporation, a Chicago-based futures commission merchant.[1][2][3] He passed away in 2006 at the age of 77.
Background
Mallers was the youngest man ever elected to be chairman of the Chicago Board of Trade. He was 39 years old in 1969 when he was elected CBOT chairman as a maverick candidate, one not slated by the nominating committee.
Originally a wheat broker in the CBOT trading pits, Mallers had a large retail and commercial order book. He was one of the brokers who bought wheat futures to fill the Russian wheat purchased from the U.S. in the early 1970s. He was also president of a prominent Chicago-based brokerage firm, Hennessy & Associates prior to founding First American Discount Corp.
At FADC, Mallers led the training of a group of employees, which included his sons Bill Mallers, Jr. and Tom Mallers, and John J. Lothian, founder of MarketsWiki.[4][5][6]
He was prominently involved in many CBOT and futures industry watershed events of the late 60’s and 1970’s, including the creation of the Chicago Board Options Exchange, the creation of the National Futures Association and the expansion of the CBOT building.
Education
Mallers was a 1946 graduate of Loyola Academy, in Wilmette, IL.[7]
References
- ↑ William Mallers, Sr.. Zoominfo.
- ↑ Futures Broker Spends $1.09 million on Orleans. BlockShopper.
- ↑ Data Broadcasting Announces Partnership With First American Discount Corporation to Provide Signal Online at a Discount. The Free Library.
- ↑ IFM Board of Trustees. The Institute for Financial Markets.
- ↑ December 16, 2011: CME Directors Sue Corzine, Former MF Global Executives; Fitch downgrades seven leading banks; Iceland exchange lands first listing since 2008. John Lothian News.
- ↑ Disclosure Document. John J. Lothian Managed Futures.
- ↑ What was he like as a Rambler? - Georgetown University Law Center. Georgetown University.
