Jeffrey Carter

About the Author

Jeffrey Carter is an angel investor and independent trader. From 1988-2011 he was an independent floor trader at the CME.  He served on the CME Board of Directors. In April of 2007, he co-founded Hyde Park Angels, one of the most active angel groups in the United States. He is currently raising an early stage VC fund, West Loop Ventures. He is a graduate of the University of Illinois College of Business, and has an MBA from the University of Chicago Booth Graduate School of Business.  

Transaction taxes now being debated in Illinois

Jeffrey Carter
June 8, 2016
Why do politicians always want to get between people and their money? I was listening to an Uber X driver last night. She was at wit’s end. She had no job prospects and she was losing everything. She didn’t want to go on government assistance. Uber gave her a way out. This isn’t the first time I have heard a story like that.

Reasons why Dodd-Frank was a horrible law

Jeffrey Carter
June 7, 2016
One thing I have noticed over the years is when there is a crisis, it’s a really bad time to pass sweeping legislation. The momentum and justification for legislation comes from fear. “We don’t want that to happen again”, supporters say. For example, 9/11 happens and we get the Department of Homeland Security which is mostly a waste of money and allows the government to pry into all kinds of places it shouldn’t.

Cattlemen say markets are broken: Is there a fix?

Jeffrey Carter
January 25, 2016

Below is a letter from the National Cattlemen’s Beef Association to the CME that originally was posted on the “Points and Figures” blog (commentary follows

The end of the pits

Jeffrey Carter
February 7, 2015
Yesterday prior to its earnings call today, CME Group announced it was closing the pits. One can read a lot into an announcement ahead of earnings. I don’t know if earnings are good or bad, but certainly the earnings call conversation today might not necessarily be on the numbers.

Why you should care CME plans to cut B shareholder reps on board by half

Jeffrey Carter
March 19, 2014
It’s important to note, CME is still in the midst of a massive transition, which has happened on the floor, but has not happened in the ownership of the B share memberships.