From Bark to Byte: Fred Schoenhut on the Human Drama Behind NYBOT’s Move to Electronic Trading

Open Outcry Traders History Project Interview with Former NYBOT Chairman, Part 4

ELMHURST, IL – (JLN) – May 2, 2025 – When Fred Schoenhut, the former chairman of the New York Board of Trade (NYBOT), remembers the end of open outcry, he doesn’t see just flashing screens – he sees lingering ghosts of a rowdy, deeply human marketplace. “Many of the traders knew that electronic trading was a powerful alternative… but our customers would tell us they preferred open outcry, they preferred the personal interaction,” Schoenhut recalled in a wide-ranging interview. The traders, he observed, were lulled into a “false sense of security” that the pit would persevere.

Watch Now

“The Tokenization of Everything”: How BlockFills Is Racing to Make Finance Frictionless

ELMHURST, IL – (JLN) – May 2, 2025 – Patrick Zielbauer seems ready for the future because he’s building it, one digital asset at a time. As managing director of sales at BlockFills, Zielbauer has his eyes trained on what he calls “the tokenization of everything.” In a conversation with John Lothian News at FIA Boca50, he explained, “We are ready for what is often referred to as the tokenization of everything. We have a platform that is prepared to deal with DeFi products, on-chain lending, and stablecoins.”

Read Now

The Day the Yelling Stopped: Fred Schoenhut on the End of Floor Trading and the Lessons of Survival

Open Outcry Traders History Project Interview with Former NYBOT Chairman, Part 3

Fred Schoenhut, the former chairman of the New York Board of Trade (NYBOT), didn’t leave the trading floor; it left him. “As the exchanges were changing…there was pressure to monetize,” he recalled in a MarketsWiki Education Open Outcry Traders History Project interview. Over the decades, the Coffee, Sugar and Cocoa Exchange morphed and merged with the Cotton Exchange, ultimately becoming NYBOT. But with the early 2000s came a rush to bring trading from the chaos of the pits to the quiet of the screen. “Shortly after [the merger with ICE], all the markets went electronic. That’s really…when we stopped trading open outcry,” Schoenhut said.

Watch Now

The Whole Market in Your Pocket: Adam Passaglia Envisions a Future Where Trading, Gambling, and Data Merge

BOCA RATON, FL – (JLN) – May 1, 2025 – Imagine a day when the world’s markets – stocks, futures, cryptos, even sports bets – fit right in your pocket. That’s how Adam Passaglia, managing partner at ARB Trading Group, sees it. “Ten years from now, you’re going to have your device and you’re going to have everything on it… gambling, futures, equities – everything in one place,” he predicted during a candid conversation with John Lothian News at FIA Boca50.

Watch Now

Bringing the Team to the Trading Pit: Fred Schoenhut Recalls Wild Days and Wiser Lessons at NYBOT

Open Outcry Traders History Project Interview with Former NYBOT Chairman, Part 2

ELMHURST, IL – (JLN) – April 30, 2025 – If you wandered onto the New York Board of Trade floor in the 1980s, you’d be forgiven for thinking it was less of a market and more of a reunion. For Fred Schoenhut, former NYBOT chairman, trading was a family affair and a team sport. “My three sisters’ husbands, my best friend from Little League, even guys from my hockey teams, they all ended up working for us,” Schoenhut reminisced in a recent interview. The exchange was booming: what once passed for a busy 3,000-lot day in coffee contracts ballooned to 10,000-lot rolls and beyond, forcing Schoenhut’s business to grow just as fast.

Watch Now

From Circuit Breakers to Coffee Brokers: Fred Schoenhut’s Journey to the NYBOT Trading Pit

Open Outcry Traders History Project Interview with Former NYBOT Chairman

ELMHURST, IL – (JLN) – April 29, 2025 – When Fred Schoenhut was growing up, he dreamed the usual boyhood dreams – maybe he’d be a pro athlete, a star on the ice or diamond. “I thought I was good at baseball, I thought I was good at ice hockey,” Schoenhut recalls with a laugh. “But, you know, when you’re not six-foot-five and 225 pounds, you’re kind of limiting what, you know, athletics will take you in your lifetime.” Instead, he became the first in his family to go away to college, earning an electrical engineering degree and learning from the start that “engineers are pretty unique people because they’re charged…to solve problems. And I think that helped me along the way in my career.”

Watch Now

In a Race for Nanoseconds, Exegy’s David Taylor Says the Best Tech Lets Clients Sleep at Night

BOCA RATON, Fla.-(JLN)-April 28, 2025—On Wall Street, speed is everything. However, for David Taylor, the CEO of Exegy, speed is measured not in seconds or milliseconds but in nanoseconds—a realm where fortunes are made or lost in less time than it takes to blink. “Happy to report that 2024 was our best year yet,” Taylor beams, as he rattles off a 66% year-over-year sales growth. “About 20% of that was new logos to the firm. About 80% was expansion of current business. We already serve the vast majority, nine out of ten of the world’s largest old-bracket banks and their agency brokerage arms,” he says matter-of-factly.

Watch Now