Selander began her futures industry career in 1968 with M-S Commodities, a firm founded by Sol Schneider, one of the founders of the Chicago Mercantile Exchange. She was hired as a margin clerk. She was quickly promoted to floor manager, responsible for the CME trading desk for M-S Commodities and instructing its clerks.
During those early years, women were not permitted in the trading pits and Selander was repeatedly fined for going into the pork belly pit to get 80 year old Sol Schneider out of harms way when trading became chaotic.
In 1972, Selander moved to the Chicago Board of Trade to work for Conti-Commodities, the then new customer division of Continental Grain. After 3 years at the CBOT, she moved to Cargill, Inc.'s customer division Cargil Investor Services (CIS).
In 1977 Selander bought a financial membership on the CBOT, later called an Associate Membership, for $30,000. Hey trading badge acronym was JOY.
JLN News Feed
OCC March Total Volume Up 62.8 Percent from a Year Ago – Highest Volume Month Ever for U.S. Equity Options Industry
Ken Griffin’s Virus Plan Now Includes Emergency Trading Site in Florida; Virus Market Mayhem Makes Insider Info More Valuable Than Ever
[JPX,TSE,OSETrading Overview in FY2019 & March 2020]
[JPX,TSE,OSE,JPX-R,JSCC,TOCOMJPX response to spread of novel coronavirus]
[JPX3rd Medium-Term Management Plan Update for FY2020]
We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.