William Mallers, Sr.

From MarketsWiki
(Redirected from William J. Mallers, Sr.)
Jump to navigation Jump to search


ExAna-logo.jpg



William Mallers, Sr.
WilliamJMallers.jpg

William (Bill) Mallers, Sr. was a former chairman of the Chicago Board of Trade and the founder of First American Discount Corporation, a Chicago-based futures commission merchant.[1][2][3] He died in 2006 at the age of 77.

Background[edit]

Mallers was the youngest man ever elected to be chairman of the Chicago Board of Trade. He was 39 years old in 1969 when he was elected CBOT chairman as a maverick candidate, one not slated by the nominating committee.

Originally a wheat broker in the CBOT trading pits, Mallers had a large retail and commercial order book. He was one of the brokers who bought wheat futures to fill the Russian wheat purchased from the U.S. in the early 1970s. He was also president of a prominent Chicago-based brokerage firm, Hennessy & Associates prior to founding First American Discount Corp.

At FADC, Mallers led the training of a group of employees, which included his sons Bill Mallers, Jr. and Tom Mallers, andJohn J. Lothian, founder of MarketsWiki.[4][5][6]

He was prominently involved in many CBOT and futures industry watershed events of the late 60’s and 1970’s, including the creation of the Chicago Board Options Exchange, the creation of the National Futures Association and the expansion of the CBOT building.

Education[edit]

Mallers was a 1946 graduate of Loyola Academy, in Wilmette, IL.[7]

References[edit]

John Lothian News logo1.png

JLN News Feed

Osaka Exchange
Osaka Exchange (OSE) and TOCOM successfully launched their new derivatives trading system, J-GATE3.0, on Monday and completed the transfer of the J-GATE3.0 backup function to the Kansai Data Center.

View Page

As stocks fall, options traders show no rush to guard against deeper pullback
Lead Stories As stocks fall, options traders show no rush to guard against deeper pullback Saqib Iqbal Ahmed – Reuters U.S. stocks are experiencing the biggest wave of volatility in month...

View Page

New derivatives trading system J-GATE3.0 has gone live
First Read $53,406/$300,000 (17.8%) ++++ Hits & Takes John Lothian & JLN Staff The following nominations were sent by The White House to the U.S. Senate on September 20, 2021: &...

View Page

Deutsche Boerse Group
Deutsche Boerse has published a whitepaper called “Strategies for Sustainable Financing of Germany’s Future,” that recommends an action plan to strengthen the German a...

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.