As STAC celebrates its 100th anniversary, Ted Bilharz stands out as a key figure whose career reflects the organization's enduring mission and impact. Ted joined STAC during a pivotal time in the industry, as the Cboe trading floor transitioned from open outcry to electronic trading. He recognized the importance of building relationships beyond the floor and turned to STAC to grow his network and deepen his understanding of the broader securities landscape.
His adaptability and commitment to learning—especially through mentors and STAC members like Patty Schuler—underscore the value STAC provides in professional development. Ted's belief in the power of networking and continuous education mirrors STAC’s core values, making him a strong advocate for the organization’s role in empowering professionals and shaping the future of the industry. “Uncle Teddy’s” dedication to mentorship, philanthropy and community engagement exemplifies the spirit that has defined STAC for the past century—and will continue to guide it into the next.
Why did you join STAC?
I joined STAC at a stage of my career when I was well-acquainted with many individuals on the Cboe trading floor. However, I had limited connections with professionals in my industry who worked off-floor. This period also marked a significant shift on the Cboe trading floor, transitioning from the traditional open outcry trading to a predominantly electronic trading environment.
What professional skillset helped you succeed throughout your career?
Understanding and adapting to the rapidly evolving nature of our industry was essential during this period. Having a strong network of industry professionals was also key.
What would you tell your younger self just starting your career?
Start working on your network of industry professionals from the beginning of your career.
Can you share an example of a STAC member who served as a mentor to you earlier in your career, and/or was a key collaborator for you?
When I joined STAC, I had a solid understanding of trading stocks and options within our business. However, I lacked insight into the clearing side of our business and how it operates. Patty Schuler played a pivotal role in teaching me about the middle and back-office processes involved in clearing stocks and options.
How would you say STAC can increase the value an employee brings to their organization?
STAC provides our members access to a vast network of security industry professionals. Any security organization would greatly benefit from encouraging their employees to become STAC members.
Why are the educational and networking opportunities STAC offers so critical to someone starting out in/looking to advance/navigate their career in the industry?
I firmly believe that the strength of one's career is directly tied to the size and quality of their network.
What is your favorite STAC event and why?
The Mid-Winter Meeting, which offers individuals an incredible opportunity to network with over 500 security industry professionals. It also provides valuable insights through various panels discussing the latest industry updates.
Who is someone at STAC that you’d recommend new members network with and why?
New members should make it a priority to network with anyone on our board. This is an amazing mix of industry veterans who bring an unmatched wealth of knowledge on our business – and are always willing to help and share their experiences.
Why is the STAC Fund so important to the community?
Giving back to the community isn't just an option for successful organizations, it's an absolute necessity.
As STAC celebrates its 100th Anniversary, how do you think the organization has impacted the City of Chicago and the securities trading industry in the city?
STAC's 100th Anniversary is a testament to its enduring influence on both the City of Chicago and the securities trading industry. Over the past century, STAC has fostered a strong community of professionals, promoting education, networking, and philanthropy. Its events, such as the annual Mid-Winter Meeting, have brought together industry leaders to exchange ideas and address critical issues, shaping the future of securities trading in Chicago and beyond.
STAC's ongoing commitment to philanthropy, including scholarships and charitable donations through the STAC Fund, has also positively impacted the local community. By supporting education and professional development, STAC has not only strengthened the securities industry but also contributed to the growth and vibrancy of Chicago as a financial hub.
What role do you think STAC can play in our industry over the next 100 years?
STAC can remain an indispensable force by embracing its multiple roles to help the securities trading industry adapt and thrive over the next century:
- Education and Professional Development: STAC can continue to lead the way in fostering talent through expanded educational programs, certifications, and mentorship opportunities. Adapting to emerging technologies like AI, quantum computing and more will be vital for all market participants to stay relevant.
- Networking and Collaboration: As the industry becomes increasingly interconnected, STAC can serve as a hub for collaboration, bringing together professionals to exchange ideas, share expertise, and innovate.
- Advocacy and Industry Standards: STAC has an opportunity to be a voice for the securities trading industry, advocating for policies that promote fairness, innovation, and sustainability. Additionally, it can help establish and uphold best practices and standards as new challenges arise.
- Philanthropy and Community Engagement: Continuing its tradition of giving back, STAC can further its impact on local communities, strengthening ties between the industry and our broader society.
