Bernie Madoff, the disgraced financier who died Wednesday, once led Cincinnati Stock Exchange where he instituted the first computerized stock trading system.
Bernie Madoff, who died Wednesday in federal prison, became infamous as the mastermind of the largest Ponzi scheme in history. Before his scam came to light in 2008, Madoff was relatively unknown as a behind-the-scenes Wall Street financier. Madoff began his rise in Cincinnati by pioneering the first electronic-only computerized stock market exchange. In the mid-1970s, Madoff headed the Cincinnati Stock Exchange, then located in the Dixie Terminal building on Fourth Street downtown, and installed a prototype automated stock trading system that allowed for buying and selling stocks by computer.
