From 31 years on the Trading Floor to Academia with John Nyhoff
Trading is both fun and lucrative, but the emotional rollercoaster of this job can take a toll. Our guest this week on Limit Up! is John Nyhoff, Assistant Professor of Finance at Lewis University. After spending 31 years on the floor, John made the transition to academia and private consulting. Tune in to learn about John’s transition as well as his predictions for the financial industry in 2020.
- [00:36] - This week: John Nyhoff
- [01:17] - Limit Up! 2019 Listener Survey
- [01:59] - Jeff Carter interview with John Nyhoff
- [02:10] - Name A Hotel Room So We Never Forget
- [03:11] - Day to day at the desk
- [04:03] - Cultivating customers
- [04:57] - Time horizon for institutional traders
- [06:10] - Married to the trade
- [07:25] - Bonus opportunities
- [08:33] - Falling out of the pit
- [10:00] - Incorrect trade execution
- [12:36] - Merc politics
- [14:18] - Transitioning to a university professor
- [16:18] - The CME Trading Challenge
- [20:05] - The value of academic principles
- [23:53] - The end of LIBOR
- [26:20] - Making up a good contract
- [28:09] - Incentive to trade a contract
- [30:07] - Consolidation across the industry
- [31:56] - The future of the futures industry
- [33:59] - Managing risk efficiently
- [37:18] - Passive investing
Limit Up! Is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.
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This podcast episode was produced by Dante32.