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

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 co-editor

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W

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 Redrup
Yolanda RedrupRich List co-editorYolanda Redrup is the co-editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/wealth/people/this-trader-spotted-a-really-big-gap-and-made-a-fortune-20240627-p5jp6t