skip to main content
Trading Education Posted by Team Topstep January 2, 2020

From 31 years on the Trading Floor to Academia with John Nyhoff

Episode Summary:

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.

Full Show Notes:

Trading is an adrenaline rush. But when that rush starts to feel like a drag, it might be time to look for your next steps. Our guest this week on Limit Up! spent 31 years on the floor before making the transition to academia and private consulting. John Nyhoff, whom Jeff used to trade with on the floor, stopped by to chat about what it’s like to make the leap.

John discusses the adjustment period he underwent just to get used to the amount of free time he’d acquired thanks to school breaks. John also talks to Jeff about his predictions for where the financial market is headed 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


John Nyhoff is an Assistant Professor of Finance at Lewis University as well as a consultant. Prior to his life in academia, he spent 31 years as a trader on the floor and wrote three books.

This episode of 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.

If you’d like to receive new episodes as they’re published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.

Podcast episode production by Dante32.