John Springs Stafford Jr., age 87, died peacefully on Saturday, April 5th at his home in Lake Forest, Illinois surrounded by his family and loved ones. John was a prominent figure in the options trading industry and a beloved husband, father, friend and mentor. John was born on November 24th, 1937, in Charlotte, North Carolina.
A proud graduate of Davidson College, John played varsity basketball during his undergraduate years and remained an active supporter of the college’s mission until his passing. He furthered his education at the University of North Carolina, where he earned a Master of Business Administration and cultivated a lifelong passion for the Tar Heels basketball program.
John began his career as a financial analyst in New York before moving to Chicago in 1974, which would become his adopted home. Arriving shortly after the opening of the Chicago Board of Trade, John became one of the earliest traders in the IBM pit, and later in the OEX pit. After many successful years on the floor, John formed one of the earliest proprietary trading firms, Stafford Trading. His relentless drive for learning and interest in technology spurred innovation in both options pricing models and electronic markets execution. Also a venture capital investor, he earned respect for his skill on the floor, quiet demeanor, and integrity in all his interactions. Throughout his career, John helped many of his closest colleagues and friends launch their own endeavors.
In the early 1990s, John met Susan Yang, who would become his wife, his soul mate, and the person who remained devotedly by his side until his last moments. Together, they had a daughter, Kimberly, who was his greatest source of joy.
John is survived by his loving wife of 29 years, Susan, and their daughter, Kimberly, his sons James (“Jimmy”) and John, grandchildren Wyatt and Hendrix, and his sister Susan Stafford Boehm. He was predeceased by his beloved brother, Robert. John leaves behind family and countless friends – a testament to a life filled with achievement, impact, and above all, genuine caring for others. He was a great man who will be missed by all.
A memorial service will be held on Friday, April 25th at 2:00 p.m. at Fourth Presbyterian Church in Chicago, Illinois. A reception will follow immediately after on the 7th floor of the Four Seasons Hotel Chicago. In lieu of flowers, please consider a contribution to PAWS Chicago, 1997 N Clybourn Ave, Chicago, IL 60614.