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. He sold LETCO to TD Securities in 2002.
He was a member of the board of DePauw University, his alma mater.
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.
Tenzer, through his family foundation, owned Lake Geneva Canopy Tours, a zip lining business in the resort town in southeast Wisconsin.
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.
The Tenzer Family Foundation committed $10 million toward a technology innovation center at DePauw University known as the Tenzer Technology Initiative.
Tenzer was a 1964 graduate of DePauw University and held a bachelor of science in mathematics.
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