Marc Nemenoff is a 31-year
veteran of the futures industry. While attending graduate school at the Illinois Institute
of Technology, Marc took a job as a clerk on the trading floor of the Chicago Mercantile
Exchange for Tabor Grain Co. He quickly found that his background in both math and problem
solving techniques were adaptable to the futures markets as well as the career he had been
pursuing in Architecture and Urban Planning. Having decided on a career change he quickly
rose within the Tabor Grain Co. organization and became their analyst and operations
manager for all products traded on the Chicago Mercantile Exchange.
In 1976 Mr. Nemenoff's responsibilities increased when he was granted full
membership on the Chicago Mercantile Exchange as Tabor Grain Co's. representative to the
exchange. He was their head analyst and liaison to all branch offices. In addition, he was
in charge of designing hedging strategies in both the livestock and financial sectors of
the market, and writing the firms daily and weekly market letters.
In 1980 Mr. Nemenoff purchased his own membership on the C.M.E. and spent the next
12 years as an independent trader, trading in all markets with a concentration in live
cattle as a spreader and market maker. As a member of the exchange he served on many
committees including, Live Cattle, Nominating, Contributions, Public Relations and
Advertising, and Orientation and Education. During this time he gave speeches to various
groups at the behest of the exchange. These included, Agricultural Bankers, The National
Cattleman's Assoc., various groups on the Role of the Market Maker, and various groups on
the Role of Futures as a Risk Management Tool.
In 1991 Marc left the floor and spent his time as an independent trader and lecturer
giving speeches at seminars on various topics. These included Livestock Trading, Interest
Rate Futures, Spreads, Technical Analysis, and trading in the pit vs. being an outside
speculator. He also taught classes as a guest lecturer at the Chicago Mercantile Exchange
on Spreading, Technical Analysis, and Commodity Options.
Mr. Nemenoff describes his approach to the market as 75% technical and 25%
fundamental. He is also a firm believer in the use of option strategies as a way of using
leverage and minimizing risk when one has a long-term market strategy.
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