Henry Shatkin

__NOTOC__ 
Henry (Hank) Shatkin (1928-2024) was a notable futures trader, trading floor broker, brokerage executive, and exchange director. He co-founded Shatkin Arbor, Inc. with former Chicago Board of Trade (CBOT) Chairman Patrick Arbor and served as the firm's chief executive officer. Shatkin had a professional trading career spanning over 50 years and was a former director of the CBOT, where he continued to play an influential role in the exchange trade of Chicago futures. 
Shatkin passed away on July 23, 2024 at the age of 96. 
== Background ==
Henry Shatkin was an advocate for the International Monetary Market (IMM), a division of the Chicago Mercantile Exchange (CME) set up for trading currency and interest rate futures and options. His contributions to the industry were highlighted in Leo Melamed's book "Escape To The Futures." 
Shatkin served as chairman of Shatkin Trading, a firm that cleared trades for many leading CBOT traders, including Ray Cahnman. He was also a political ally and partner of former CBOT chairman Leslie Rosenthal, and he was mentioned in the book "Brokers, Bagmen, and Moles: Fraud and Corruption in the Chicago Futures Markets."
 
In addition to his trading activities, Shatkin was a financial backer, along with Pat Arbor, of Zaner Group LLC.
== Career Milestones ==
=== Early Career ===
Shatkin entered the futures-trading business as a clerk at Uhlmann Grain Co., a family-run futures brokerage, after graduating from the University of New Mexico in 1952. He supplemented his income by tending bar and driving a cab and bought his first exchange membership in 1953 for $3,000. He quickly adapted to the trading environment, learning arbitrage techniques such as ‘spreading’ .
=== Shatkin Arbor, Inc. ===
In 1990, Shatkin co-founded Shatkin Arbor, Inc. with Patrick Arbor. Shatkin served as CEO, overseeing the firm's operations and contributing to its reputation in the industry .
=== Controversies ===
In 1965, Shatkin faced accusations from the Commodity Exchange Authority (CEA) of the Department of Agriculture for trading violations related to record-keeping practices. He agreed to desist from the practice. In 1985, Shatkin and his firm Shatkin Trading were fined by the Commodity Futures Trading Commission (CFTC) for wash trades related to certificate of deposit futures.
=== Acquisition and Reacquisition ===
The business and assets of Shatkin Arbor were acquired by Australian financial-services firm Macquarie Group in August 2008. Under the deal, senior management of Shatkin Arbor took on key leadership roles within Macquarie's derivatives arm. Shatkin later reacquired Shatkin Arbor from Macquarie. Shatkin later reacquired Shatkin Arbor from Macquarie.
=== Mentorship and Legacy ===
Shatkin was known for his mentorship and influence on other traders. He partnered with several future CBOT Chairmen, including William Mallers, Les Rosenthal, and Edward Wilson. He also played a significant role in the career of Richard Sandor, who credited Shatkin with teaching him about the ins and outs of trading in the pits.
=== Education ===
Henry Shatkin graduated from the University of New Mexico in 1952 and returned to Chicago to pursue a career in futures trading. His early experiences and partnerships helped shape his long and successful career in the industry. 
== References ==	
Category:Bios - Executives
Category:CBOT Members
Category:Deceased Members of the Chicago Board of Trade
Category:Deceased
Category:Deceased Industry Executives
Category:Uhlmann Grain - Former Employees