Tom Baldwin (trader)

Lucian Thomas Baldwin III is a bond trader investor and founder of the Baldwin Group of companies. He was described by the "Wall Street Journal" as the trader who can singlehandedly move the Treasury bond market.cite news
last = McMurray
first = Scott
title = Tom Baldwin's Trades in Chicago T-Bond Pit Can Move the Market
publisher = The Wall Street Journal
date = February 4 1991
url = http://pqasb.pqarchiver.com/wsj/access/27802570.html?dids=27802570:27802570&FMT=ABS&FMTS=ABS:FT&date=Feb+4%2C+1991&author=By+Scott+McMurray&pub=Wall+Street+Journal&edition=Eastern+edition&startpage=PAGEA.1&type=1995_1984&desc=Riding+High%3A+Tom+Baldwin%27s+Trades+In+Chicago+T-Bond+Pit+Can+Move+the+Market+---+They+Also+Dazzle+His+Fellows%2C+In+Awe+of+His+Risk+Taking+And+His+Millions+in+Profit+----+Jolted+by+Discount-Rate+Cut
accessdate = 2006-08-26 ] His preferred instrument to trade is the 30-year bond in the pits of the Chicago Board of Trade.

Career

After receiving his Masters degree in agribusiness Baldwin worked as a meat packer in Ohio. He took advice from a friend, Sam Trohman, the commander of the USS Falcon during Vietnam, and moved to Chicago with the knowledge about trading he had obtained from a few courses taken at graduate school. With the U.S. experiencing high inflation in the early 1980s treasury bonds became a preferred market for hedgers and speculators resulting in high volume and trading activity. These bonds became Baldwin 's favourite instrument to trade and he leased a seat on the exchange.

As a full member director of the CBOT Baldwin has been a part of its executive committee, Commodity Pool Operator/Commodity Trading Advisor committee among many other executive positions at the exchange.He currently serves as Chairman of "Baldwin Group Ltd", the parent company of several investment and financial services. Companies in the group include: Baldwin Commodities Corp., a Treasury Bond Futures proprietary trading company; and Baldwin Managed Futures, a CTA. Past firms include: Baldwin Asset Management Co., a real estate management company, from 1991 to 1998, MC Baldwin Financial Co., an international financial services joint venture between Mitsubishi Corp. and Baldwin Financial Corp. and Baldwin Development Co., a real estate joint venture with Chevron USA and ING Group, Holland, from 1990 to 1998

See also

List of personalities associated with Wall Street

Notes

Further reading

* Schwager, Jack D. "Market Wizards: Interviews with Top Traders", Collins: 1993, ISBN 0-88730-610-1