NYSE specialist William Bott III, 33, dies
William Bott, left, and Glenn Carell, both of Barclays, trade on the floor of the New York Stock Exchange, Monday, July 23, 2012 in New York. (July 23, 2012) Credit: AP Photo Henny Ray Abrams
William J. Bott III, a specialist on the floor of the New York Stock Exchange for Barclays Plc, collapsed and died July 31 after playing basketball. He was 33.
Bott, a resident of Hoboken, N.J., dropped to the sidewalk while leaving a gym in lower Manhattan following three games of basketball after the workday, his uncle, Robert Bott, said . He was pronounced dead at New York Downtown Hospital. A medical examination is planned to determine the cause.
"Any sport was his kind of a sport," Robert Bott said of his nephew, who was known as Bill and favored the Giants and Mets. "He loved playing sports, was an active sports fan all the way around the horn." As a floor specialist, the meeting point for buyers and sellers in certain stocks, Bott chose a particularly vigorous field of trading.
"You have to work very, very well under pressure, and you have to work with many different types of personalities," his uncle said. "He had the ability to do all of that, and to work intelligently under pressure." Bott was in charge of day-to-day operations of Barclays' specialist business, which is known as DMM, for designated market making.
"Barclays is saddened by the loss of a highly respected colleague and close friend," Mark Lane, a spokesman for Barclays, said yesterday in an email. "His strong leadership, bright personality and enthusiasm will be greatly missed."
Bott was freshly graduated from the State University of New York at Albany when he landed his first position on Wall Street, at LaBranche & Co., in 2001. He started on the job one week after the Sept. 11 terror attacks but never had second thoughts about working in lower Manhattan, said his uncle.
William Joseph Bott III was born on March 9, 1979, on Long Island, where he graduated from Centereach High School. Survivors include his father, William Jr.; his mother, Judith D'Arrigo; a sister, Jennifer Scheid; and two brothers, Thomas and James.
'I'm going to try to avoid it' A trip to the emergency room in a Long Island hospital now averages nearly 4 hours, data shows. NewsdayTV's Virginia Huie reports.
'I'm going to try to avoid it' A trip to the emergency room in a Long Island hospital now averages nearly 4 hours, data shows. NewsdayTV's Virginia Huie reports.
