Lee Tenzer
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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