He became the first independent trader to trade financial products at Shatkin Trading Company, which led to a partnership to arbitrage US Treasury cash/futures. In 1980 Cahnman established a CBOT clearing firm, Aardvark Financial, which became a clearing member of the Chicago Mercantile Exchange in 1981 and was renamed TransMarket Group in 1984.
An early proponent of electronic trading, he became one of the relatively few to successfully adapt his floor trading skills to an electronic platform. He has traded electronically on CBOT, CME, LIFFE, BrokerTec, E-speed and Eurex and has trained and employed many highly successful traders over his career.
Cahnman has a bachelor of science degree in mathematics from DePaul University and a master of business administration degree from Tulane University.
MarketsWiki Education Videos
JLN News Feed
Why this wild coronavirus rally has Wall Street experts fearing a bull-market trap; ETFs Have Passed Their Covid-19 Stress Test
CME Group to Launch New Gold Futures Contract with Expanded, Flexible Delivery in 100-ounce, 400-ounce or 1-kilo Bars
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date March 13, 2020
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.