Lee Tenzer

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Lee Tenzer
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Location Chicago

The late Lee Tenzer was 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 was a member of the board of DePauw University, his alma mater.[4]

Tenzer was 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, owned Lake Geneva Canopy Tours, a zip lining business in the resort town in southeast Wisconsin.[7]

Background[edit]

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.

Philanthropy[edit]

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

Education[edit]

Tenzer was a 1964 graduate of DePauw University and held 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]

Video[edit]

References[edit]

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