Lee Tenzer

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Lee Tenzer
Occupation Retired
Location Chicago

Lee Tenzer is a proprietary trader, investor, philanthropist and exchange member who founded LETCO, which at one time was one of the biggest proprietary trading firms on the Cboe.[1][2] He sold LETCO to TD Securities in 2002.[3]

He is a member of the board of DePauw University, his alma mater.[4]

Tenzer is a member of the inaugural class of the "Crowd of Fame" created by the Options Clearing Corporation, which in 2019 announced the creation of the U.S. Options Lifetime Contribution Award.[5][6]

Tenzer, through his family foundation, owns Lake Geneva Canopy Tours, a zip lining business in the resort town in southeast Wisconsin.[7]


Tenzer served in the National Guard and began his career as a computer programmer for Sears, Roebuck & Company.

In 2002, Tenzer sold LETCO to TD Securities at the same time TD bought Stafford Trading, Inc.[8]

Tenzer's first clerk on the floor of the Cboe was Jon Najarian. Tenzer later hired Don Wilson after Wilson had graduated from the University of Chicago.


The Tenzer Family Foundation committed $10 million toward a technology innovation center at DePauw University known as the Tenzer Technology Initiative.[9]


Tenzer is a 1964 graduate of DePauw University and holds a bachelor of science in mathematics.

In 2018, Tenzer bought a golf course in Greencastle, IN that is used by the DePauw University golf team and local community.[10][11]


  1. Tenzers Invest in Technology Education and Greencastle Economy. DePauw University.
  2. Couple trades one $4.5 million home for another. Crain's Chicago Business.
  3. Lee E. Tenzer's house, Naples, Florida (FL), US. Virtual Globe Trotting.
  4. {{{name}}}. DePauw University.
  5. https://www.optionseducation.org/news/%E2%80%8Bu-s-options-industry-creates-new-lifetime-contribution-award-and-crowd-of-fame%E2%80%9D. Options Clearing Corporation.
  6. [https://www.optionsconference.com/news/sullivan-award-recipient-announced! U.S. Options Industry Lifetime Contribution Award Recipients]. OptionsConference.com.
  7. Zip lining and more adventures await in Lake Geneva. Journal Sentinel.
  8. TD Securities buys into equity options sector. Globe and Mail.
  9. The Tenzer Family Foundation. Causeiq.com.
  10. DePauw Grad Buys Greencastle Golf Course. IndianaBusiness.com.
  11. Lee Tenzer All In Fore DePauw. The DePauw.
Catgory:OCC Crowd of Fame Member