This trader spotted a ‘really big gap’ – and made a fortune

Stake’s Matt Leibowitz loved his job as a derivatives trader, but when his friends started asking how to invest in US stocks, he saw an opportunity.

Matt Leibowitz didn’t start Stake to be CEO, so stepping down was easy. Louise Kennerley

Yolanda RedrupRich List editor

Aug 22, 2024 – 5.00am

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hen Matt Leibowitz returned to Sydney after three years running an 80-person derivative trading desk at Dutch firm Optiver in Chicago, he was always asked one question: I want to buy US stocks, where do I go?

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Yolanda RedrupRich List editorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk.