John H. (Bud) Frazier

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John H. (Bud) Frazier, Jr.

The late John H. (Bud) Frazier Jr., was a commodities broker and long time member of the Chicago Board of Trade. In 1977 he served as vice chairman of the CBOT.[1]

Frazier died on July 8 in 1993 at the age of 75 of complications from leukemia.

He was an outspoken supporter of the futures markets and was honored with a memorial service in the CBOT's Visitor's Gallery two weeks after his death. Speaking at this service were the famed agricultural radio broadcaster Orion Samuelson and John J. Lothian.

Frazier was known around the world for his daily grain market commentaries.[2]

Background

Frazier came to Chicago from Philadelphia, though he was born in Toledo, OH. After graduating from the Naval Supply Corps School at the Harvard School of business, he saw action on D-Day and Okinawa as a lieutenant.

He started in the grain business in 1940 and later served as the president of the National Grain and Feed Association.

He was known by the nickname Bud.

He was a partner in several futures brokerage firms in Chicago, including at Hennessy and Associates and at Frazier-Parrot. He also worked for Bunge, Clayton Brokerage Company, Balfour-Maclaine, Inc., Frazier-Parrott Commodities, Inc., Gerald Commodities and was the founder and president of U.S. Futures & Options Company, which was founded in 1992. John J. Lothian worked for Frazier at U.S. Futures & Options Company.[3][4]

He was also a founding partner of Hennessy & Associates of Chicago.[5]

Education

Frazier graduated in 1939 from the Wharton School of Finance at the University of Pennsylvania.

References

  1. John H. Frazier Jr., 75, Trader in Commodities. New York Times.
  2. John H. Frazier Jr., Commodities Executive. Highbeam.com.
  3. Traders Say Level of Corruption Is 'Minute'. Chicago Tribune.
  4. The Virginia Farm Bureau News, Volume 39, Number 3, 1 March 1980. The Virginia Farm Bureau.
  5. Frazier Picked For Top Spots At Brokerage. Chicago Tribune.