Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Jeff Bughman

Schererville,IN

Summary

Experienced and accomplished Floor Broker/Manager/Clerk in the dynamic industry of options trading for 45 years on The CBOE. Throughout my career, i have acted as an executing broker in various types of institutional/retail/arbitrage derivative transactions (equity, index, currency). Managed trading desks and floor operations and clearing for multiple brokerage firms. I've assisted firm traders in furthering their customer relationships through education and guidance. As a CBOE member i sat on Member Firm and Systems Committees. Helped firms develop, implement and beta test various trading platforms (Livevol, Silexx, Clearing Editor, Liquidpoint/DASH, ISE) and assisted CBOE in development of OSS/RAES. During my 45 year tenure I have maintained a stellar FINRA and SRO regulatory and compliance record.

Overview

45
45
years of professional experience
1
1
Certification

Work History

Institutional Options Clerk

Lakeshore Securities
12.2010 - 08.2024
  • Executed various strategy trades (boxes,rolls and interest rate plays) for Institutional and Arbitrage firm traders. Mainly focused on (SPX) S&P 500 index options. Maintained knowledge of market conditions and trends in order to make informed decisions regarding daily trade entry/exit points. Achieved annual FINRA continuing education certificates.

Institutional / Retail Options Clerk

M.E.B. Options
10.2007 - 12.2010

Provided Retail/Institutional/Arbitrage customers various strategy execution services in index, equity and common stock.

Nominee Floor Broker / Floor Manager

M. Burtnick and Co.
11.2002 - 10.2007

Managed CBOE trading floor operations and executed option trades for a Philadelphia based brokerage firm. Managed 4 floor brokers 4 desk clerks, 3 runners and 1 trade processing/clearing personnel.

Senior V.P. / Nominee Floor Broker / Floor Manager

Oppenheimer and Co.
09.1993 - 11.2002
  • Managed CBOE trading floor operations and executed various types options trades for New York brokerage firm. Managed staff of 4 floor brokers, 4 desk clerks, 3 runners and 1 trade processing/clearing personnel. Maintained compilation of monthly broker retention reports: daily data entry (number of trades, customer activity log, total individual broker commissions, individual floor broker activity, monthly floor broker billing) Tabulation of weekly time sheets for staff: record and tall hours, forward to Human Resources in a timely and accurate manner.

Nominee Floor Broker/Phone Clerk/Trade Checker/Runner

Donaldson, Lufkin & Jenrette
09.1979 - 09.1993

Started as a runner for DLJ/Pershing soon moved up to phone clerk and morning/night trade checker. 1985 became Floor Manager/Supervisor for equity, index and currency arbitrage options trading desk. 1987 achieved Nominee Floor Broker status mostly trading currency options and CBOE 100 (OEX) options.

Education

High School Diploma -

Mount Carmel
Chicago, IL

No Degree - Mathematics

Western Illinois University
Macomb, IL

Skills

  • Arbitrage trading
  • SPX strategies/execution
  • Order entry
  • Customer Service

Certification

Series 57

Timeline

Institutional Options Clerk

Lakeshore Securities
12.2010 - 08.2024

Institutional / Retail Options Clerk

M.E.B. Options
10.2007 - 12.2010

Nominee Floor Broker / Floor Manager

M. Burtnick and Co.
11.2002 - 10.2007

Senior V.P. / Nominee Floor Broker / Floor Manager

Oppenheimer and Co.
09.1993 - 11.2002

Nominee Floor Broker/Phone Clerk/Trade Checker/Runner

Donaldson, Lufkin & Jenrette
09.1979 - 09.1993

High School Diploma -

Mount Carmel

No Degree - Mathematics

Western Illinois University

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