Frederick G. Uhlmann

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Frederick Uhlmann
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Location Chicago, Illinois

Frederick G. Uhlmann was a retired futures and securities broker and former chairman of the Chicago Board of Trade. He died in May of 2023.

He was a founding member and senior portfolio manager with Uhlmann Price Securities, LLC, a one-time FINRA-registered broker-dealer.

He was also a senior vice president with MF Global Inc.

In 2005, in recognition of his outstanding contribution to the global futures and options community, Uhlmann was selected as an inaugural member of the Futures Industry Association's Futures Hall of Fame, joining a select group of individuals including Alan Greenspan, Robert Dole and Leo Melamed. [1]


Background[edit]

Uhlmann, born December 31, 1929 to Richard and Rosamond Uhlmann. He grew up in Highland Park and attended Ravinia School in Highland Park and Lake Forest Academy before graduating from Washington and Lee University in Lexington, Virginia with a degree in Civil War History.

Uhlmann's first experience in the markets was as a high school student, learning the futures markets as a runner on the floor of the CBOT.

He joined the futures industry in 1951 by joining Uhlmann Grain Company, which later merged with H. Hentz & Company.

Uhlmann came from a Chicago Board of Trade family. His father Richard Uhlmann had served as president of the CBOT in the 1940s. While he was president after World War II ended, Richard Uhlmann had created the Uhlmann Prize for the best academic paper about the markets as part of a CBOT market symposium to help the exchange regain its economic narrative.

Uhlmann was senior vice president at First Options/LIT and a securities broker with its parent firm, Spear, Leeds & Kellogg. He was with several Wall Street and futures firms, including Drexel Burnham Lambert from the 1970s through the early 1980s. He also held senior positions at Bear Stearns, Dean Witter and Rodman & Renshaw.

Uhlmann served as the chairman of the Chicago Board of Trade for two terms during a transformative time for the exchange in the early 1970s. While he was chairman, the exchange began trading financial futures and launched the Chicago Board Options Exchange. Uhlmann had also served as a director and vice chairman of the CBOT. He also served as vice chairman of National Futures Association, chairman of the Futures Industry Association and a board member of the Institute for Financial Markets, formerly the Futures Industry Institute. He was also a founding board member of the Chicago Board of Options Exchange and served on the NFA Membership Committee.

While he was chairman of the CBOT, Uhlmann testified in front of the U.S. House of Representatives about the soaring commodity prices of 1973, at the same time asking for more regulation of the markets.[2]

Education[edit]

Uhlmann attended Washington and Lee University.

He also taught courses and lectured at the Kellogg School of Management, Wharton School of Business and The New School.

References[edit]

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