Lauren Simmons

Last updated
Lauren Simmons
Born (1994-08-11) August 11, 1994 (age 29)
NationalityAmerican
Alma mater Kennesaw State University
Years active2018present
Known forYoungest and only (current, but not first) full-time female trader at New York Stock Exchange

Lauren Simmons (born August 11, 1994) [1] is an American producer, writer, podcaster, and former stock trader for Rosenblatt Securities. On March 6, 2017, at age 22, she became the youngest and only current full-time female trader at the New York Stock Exchange. She also became the second African American woman in the Exchange's 228-year history to have such a position. Simmons left Wall Street in December 2018.

Contents

She was named to Ebony's Power 100 list in 2018, and was also awarded 2018 Women of Impact by Politico. [2] [3] [4] [5]

She has been referred to as the "Wolfette of Wall Street". [6]

Early life

Simmons was raised in Marietta, Georgia. [7] She received her bachelor's degree in genetics from Kennesaw State University in 2016 with plans to pursue a career in genetic counseling. [8] However, she decided instead to move to New York City and once there she met Richard Rosenblatt through networking. [3]

Career

Simmons gained prominence in 2017 at age 22, after she took a job at Rosenblatt Securities and became the youngest and only woman trader on the New York Stock Exchange. [9] She is also the second African American woman in history to have that position. [10] During her time as a full-time equity trader she earned $12,000 per year. [11] [12] She left the position in December 2018, and cited exclusion by her coworkers after she received press coverage as one of her reasons for leaving. [12] She is an advocate for the financial sector to take steps to increase diversity and inclusion. [9]

In September, 2021, Simmons launched the podcast Mind, Body, Wealth [13] , which she hosted through December, 2022. [14] In February, 2022, the show was retitled Money Moves [14] and became a Spotify original show. [15] [16] In 2021, she became the first host and producer of the web video series Going Public, which helps viewers invest in companies that are preparing to release an IPO. [17] [18] Simmons hosted the first season of the show, whose ten episodes aired from January 18, 2022 through March 23, 2022. [19] In 2024, Baron Davis succeeded Simmons as host of the show, whose second season first aired on May 14, 2024. [20] [17]

Simmons wrote the 2023 book Make Money Move: A Guide to Financial Wellness [21] about personal finance.

Simmons is the co-executive producer of a forthcoming biographical film about her life, starring and co-produced with Kiersey Clemons for AGC Studios. [22]

Related Research Articles

<span class="mw-page-title-main">NYSE American</span> Stock exchange in New York City

NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was known as the New York Curb Exchange.

<span class="mw-page-title-main">New York Stock Exchange</span> American stock exchange

The New York Stock Exchange is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is the largest stock exchange in the world by market capitalization.

<span class="mw-page-title-main">Euronext</span> European financial services company

Euronext N.V. is a pan-European bourse that provides trading and post-trade services for a range of financial instruments.

<i>Closing Bell</i> American TV program on CNBC

Closing Bell can refer to two CNBC programs: the original Closing Bell on CNBC and European Closing Bell on CNBC Europe.

<i>Squawk on the Street</i> American business news program

Squawk on the Street, which debuted on December 19, 2005, is a business show on CNBC that follows the first 90 minutes of trading on Wall Street in the United States.

A trading curb is a financial regulatory instrument that is in place to prevent stock market crashes from occurring, and is implemented by the relevant stock exchange organization. Since their inception, circuit breakers have been modified to prevent both speculative gains and dramatic losses within a small time frame. When triggered, circuit breakers either stop trading for a small amount of time or close trading early in order to allow accurate information to flow among market makers and for institutional traders to assess their positions and make rational decisions.

Linda Bradford Raschke (/'ræʃki/) is an American financier, operating mostly as a commodities and futures trader.

<i>Fast Money</i> (talk show) American investing talk show

Fast Money is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on June 21, 2006. Beginning October 10, 2007, it was broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange, until mid-2011 when it was moved to just four nights per week, Monday through Thursday, to make room for special option and currency trading shows on Friday evenings. On March 22, 2013, it returned to the Friday night slot as a half-hour show, followed by the Options Action half-hour show. The Friday edition of Fast Money returned to being a full-hour show on September 22, 2023, after Options Action was quietly cancelled the previous Friday. The show originates from the NASDAQ MarketSite in New York City.

<i>Morning Call</i> (TV program) American TV series or program

Morning Call is an American TV business program that aired on CNBC, from 10AM to 12 noon ET weekdays. The show premiered as Midday Call on February 4, 2002, offered a clear focus on real-time market coverage at the heart of the trading day. Previous programs shown in the same time slot were The Money Wheel with Ted David and Martha MacCallum and Market Watch. The program last aired August 8, 2007.

<span class="mw-page-title-main">Denise Shull</span> American neuroeconomist (born 1959)

Denise Kay Shull is a performance coach who uses neuroeconomics and modern psychoanalysis in her work with ouhedge funds and professional athletes. She is also the founder of The ReThink Group. Shull focuses on the positive contribution of feelings and emotion in high-pressure decisions. She is the author of Market Mind Games which explains how Wall Street traders act out Freudian transferences in reaction to market moves. Shull postulates that human perception contains fractal elements in the same manner as the fractal geometry of nature.

<span class="mw-page-title-main">Global Electronic Trading Company</span> American algorithmic trading firm

The Global Electronic Trading Company (GETCO), or Getco LLC, is an American proprietary algorithmic trading and electronic market making firm based in Chicago, Illinois. In December 2012, the firm agreed to acquire Knight Capital Group; this merger was completed in July 2013, forming the new company KCG Holdings.

Bradley Toshio Katsuyama is a Canadian financial services executive. He is the CEO and co-founder of the IEX, the Investors Exchange. He left RBC in 2012 to co-found IEX under the premise that it would be a fairer stock trading venue than other exchanges.

<span class="mw-page-title-main">Robinhood Markets</span> US-based financial services company

Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California. The company provides an electronic trading platform accessible via mobile app that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrency, as well as cryptocurrency wallets, credit cards and other banking services. Rohinhood's revenue comes primarily from payment for order flow, net interest income, and subscription fees. The company has 23.9 million funded customers, 13.7 million monthly active users, and $130 billion in assets under custody.

<span class="mw-page-title-main">Interactive Brokers</span> American financial services firm

Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies.

<span class="mw-page-title-main">Stacey Cunningham</span> 67th president of the New York Stock Exchange

Stacey Cunningham is an American banker who served as the 67th president of the New York Stock Exchange (NYSE) from 2018 to 2022. She was the second female president of the NYSE, but the first to hold full leadership of the exchange.

<span class="mw-page-title-main">Peter Tuchman</span> American stock trader

Peter Michael Tuchman is a stock trader on the floor of the New York Stock Exchange (NYSE). He is known to be as "Einstein of Wall Street" due to his hairstyle, and has been called the "most photographed trader on Wall Street".

Sixth Street is a global investment firm with a round $75 billion in assets under management. The firm operates nine investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses. Sixth Street invests in the equity and debt of public and private companies, acquires real estate, finances infrastructure projects, and provides start-up capital to new businesses. Sixth Street has been noted in the financial media for the unusual structure of its largest fund, which is open-ended and able to hold longer-term investments.

<span class="mw-page-title-main">New York Stock Exchange Building</span> Building in Manhattan, New York

The New York Stock Exchange Building, in the Financial District of Lower Manhattan in New York City, is the headquarters of the New York Stock Exchange (NYSE). It is composed of two connected structures occupying much of the city block bounded by Wall Street, Broad Street, New Street, and Exchange Place. The central section of the block contains the original structure at 18 Broad Street, designed in the Classical Revival style by George B. Post. The northern section contains a 23-story office annex at 11 Wall Street, designed by Trowbridge & Livingston in a similar style.

<span class="mw-page-title-main">Citadel Securities</span> American market making firm

Citadel Securities LLC is an American market making firm headquartered in Miami. It is one of the largest market makers in the world, and is active in more than 50 countries. It is the largest designated market maker on the New York Stock Exchange.

MIAX Pearl Equities (MIAX), is an American stock exchange headquartered in Princeton, New Jersey. The exchange also has offices in Miami, Florida, where its parent company Miami International Holdings is based.

References

  1. Connley, Courtney (2018-11-15). "24-year-old NYSE equity trader Lauren Simmons' career inspired a film". www.cnbc.com. Retrieved 2019-01-20.
  2. "Congratulations to our Women of Impact ..." Politico Live. 11 Dec 2018.
  3. 1 2 Fluker, Dominique. "How This 24-Year-Old Former NYSE Equity Trader Made History". Forbes. Retrieved 2020-12-02.
  4. "Georgia native, KSU alum only full-time woman trader at New York Stock Exchange". ajc.com. Retrieved 2 December 2018.
  5. Cline-Thomas, Aundrea (August 30, 2018). "Lauren Simmons: Paving the way from Georgia to Wall Street". NBC News . Retrieved 2 December 2018.
  6. Rowley, Melissa Jun. "How The Youngest Woman Trader On Wall Street Is Helping Startups Go Public". Forbes. Retrieved 2023-10-26.
  7. Cline-Thomas, Aundrea (2018-08-30). "Lauren Simmons: Paving the way from Georgia to Wall Street". NBC News. Retrieved 2021-08-06.
  8. Fluker, Dominique. "How This 24-Year-Old Former NYSE Equity Trader Made History". Forbes. Retrieved 2021-08-06.
  9. 1 2 Connley, Courtney (2020-06-24). "The NYSE's youngest female trader on diversity in finance: Employers need 'to stop making plans and just do it'". CNBC. Retrieved 2021-08-06.
  10. Fleming, As told to Olivia (2019-11-06). "Lauren Simmons Is the Wolfette of Wall Street". Harper's BAZAAR. Retrieved 2021-08-06.
  11. Rhinehart, Charlene (2021-03-13). "Youngest Female Trader on Wall Street Reveals She Only Earned $12,000 Per Year". Black Enterprise.
  12. 1 2 Simmons, Lauren. "At 22, I was the youngest-ever woman NYSE floor trader and making $12,000 a year. I walked away after 2 years and never looked back — here's what the experience taught me". Business Insider. Retrieved 2021-08-06.
  13. Simmons, Lauren (2021-09-29). "Mind Body Wealth with Lauren Simmons". Apple Podcasts. Retrieved 2024-06-01.
  14. 1 2 Simmons, Lauren (2022-02-11). "Money Moves". Spotify. Retrieved 2024-06-01.
  15. Simmons, Lauren (2022-02-11). "Welcome to Money Moves". Spotify. Retrieved 2024-06-01.
  16. Simmons, Lauren (2022-02-11). "Welcome to Money Moves". Podtail. Retrieved 2024-06-01.
  17. 1 2 Peyser, Eve (2021-01-23). "Wall Street's Millennial Wonder Readies Her Next Act". Intelligencer. Retrieved 2021-08-06.
  18. Connley, Courtney (2021-03-24). "Former NYSE traders Lauren Simmons and Martina Edwards talk breaking barriers in finance". CNBC. Retrieved 2021-08-06.
  19. "Going Public Episode list (Season 1)". CNBC. Retrieved 2024-06-01.
  20. "Going Public Episode list (Season 2)". CNBC. Retrieved 2024-06-01.
  21. "Make Money Move: A Guide to Financial Wellness". Publishers Weekly. 2023-08-25.
  22. "A film is being made about the youngest female trader ever at the stock exchange". ABC News. 15 November 2018. Retrieved 2 December 2018.