TMG Leadership

Ray Cahnman Founder, Chairman
(US Interest Rates Trading)

Mr. Cahnman began his trading career at the Chicago Board of Trade in 1975. He became the first independent trader to trade financial products at Shatkin Trading Company, which led to a partnership to arbitrage US Treasury cash/futures. In 1980, he established Aardvark Financial, a CBOT clearing firm. Aardvark Financial became a clearing member of the Chicago Mercantile Exchange in 1981. The firm was renamed TransMarket Group in 1984. He qualified as an independent floor trader on London International Futures Exchange and Sydney Futures Exchange in 1989. From 1999-2002 Mr. Cahnman was a Director of the Chicago Board of Trade. Mr. Cahnman has trained many highly successful traders over his career. Ray continues to actively trade and manages the firm’s US interest rates strategy. Mr. Cahnman holds a BS in Mathematics from DePaul University and a MBA from Tulane University.