William Mallers, Sr.

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


Marquette Partners.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

THE JOHN LOTHIAN NEWS DAILY UPDATE – 6/11/2021

View Page

THE JOHN LOTHIAN NEWS DAILY UPDATE (WEEKLY ROUNDUP) – WEEK OF 6/14/2021
The John Lothian Daily Update is a podcast turning the daily JLN hits and takes comments, our original content and the stories and quips in the top box of First Read into a daily podcast.

View Page

Influencers Are Luring Investors Flummoxed by Meme Stonks and Options
Observations & Insight The Spread – June 18, 2021 JohnLothianNews.com Inflation really is a thing; Small traders are still big; John Lothian weighs in on the current trading lands...

View Page

THE JOHN LOTHIAN NEWS DAILY UPDATE – 6/17/2021

View Page

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