John F. Gilmore Jr.
John F. Gilmore Jr. was a futures industry brokerage executive. He passed away on February 11, 2013. He was a partner of Goldman Sachs & Co. and executive with E.F. Hutton & Co. He served as chairman of the Chicago Board of Trade in 1986. In 2005, Gilmore was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community. [1] Background[edit]John F. Gilmore Jr. was head of Goldman Sachs' futures operations.[2] After many years on the floor of the Chicago Board of Trade trading agricultural futures, he was hired by Goldman Sachs in 1979, just when financial futures were starting to take hold. Gilmore built up the Goldman Sachs operation and turned it into one of the biggest players in the Treasury futures market. Despite widespread suspicion of investment banks in the Chicago futures community, Gilmore never lost the respect of the floor, and in 1986 he was elected chairman of the Chicago Board of Trade, the only person from a Wall Street firm ever named to that position. Gilmore’s legacy was not limited to Chicago. He was one of the first FCM leaders to focus on the development of futures markets in Europe and Japan. Gilmore was named a partner of Goldman Sachs in 1988, along with others such as Lloyd Blankfein, J. Christopher Flowers, Gary Gensler and John Thain.[3] Gilmore had family roots in the Chicago markets. His grandfather was among the founders of the city`s stockyards, and his father took over the family livestock-brokerage business.[4][5] Upon graduation from college, Gilmore decided not to enter the family business, but rather in 1966 he joined E.F. Hutton & Co. as a livestock analyst. He moved up at Hutton and became head of their Chicago futures activities. He also spent some time trading soybeans on the trading floor at the CBOT. Later, when Goldman Sachs entered the futures business in Chicago in 1979, they hired Gilmore to set up their Chicago operations. Education[edit]Gilmore graduated from John Carroll University in Cleveland with a degree in history and philosophy. He later studied business at the University of Chicago. References[edit]
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