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Brett N. Steenbarger, Ph.D. is Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY, where he specializes in the teaching and practice of brief approaches to counseling and psychotherapy. Brett’s main work is with traders and portfolio managers in the financial markets at hedge funds, proprietary trading firms and other money management organizations. Brett is the author of the TraderFeed blog and several books on trading psychology, including “The Psychology of Trading” (2003), “Enhancing Trader Performance” (2006), “The Daily Trading Coach” (2009) and “Trading Psychology 2.0” (2015). He is currently working on a third edition of “The Art and Science of Brief Psychotherapies,” an academic text and training guide for mental health professionals.
Given that we are in the midst of a chaos-themed campaign showing traders how to get through the most chaotic market periods using the TT® platform, we wanted to get Brett’s take on the industry and how analytics and psychology drive decisions in times of chaos. Read on for his perspective.
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Tags: 5 Questions / Interviews
We first met Magnus Haglind when he was living in Chicago and serving as CEO of Nasdaq Futures (NFX), the U.S. energy market launched by Nasdaq in 2015. Nasdaq had announced Trading Technologies’ status as a preferred NFX vendor, and our teams were starting to work together to connect traders to the new exchange using our software.
While the collaboration between TT and Nasdaq has deepened, Magnus’ role has evolved. A native of Sweden, Magnus recently took a new position that has him overseeing Nasdaq’s global commodities business.
We spoke with Magnus as he was preparing to relocate from Chicago back to Stockholm where his position is based. Read on for insight into how he got his start, his view on technology, and what lies ahead for both NFX and Magnus.
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Tags: 5 Questions / Interviews, Market Access
Brannigan Barrett has been a senior trader and mentor at Axia Futures for over five years. Alongside his trading, Brannigan mentors upcoming traders and authors a weekly financial post for The Market Mogul.
His trading career started with bond futures, but over time, he very quickly adapted his style to trade across multiple asset classes, including equity indices, foreign exchange and commodities.
Given his experience, we thought it would be interesting to get his perspective on what might happen in the markets now that Great Britain has voted to leave the European Union. Read on for his opinion.
Brannigan: It was a month ago that the United Kingdom made headlines and for all the wrong reasons. The majority, albeit small, had voted out of the European Union. The reasons why are irrelevant. What matters now is understanding the landscape going forward.
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Tags: 5 Questions / Interviews
Anthony Crudele started on the trading floors in 1995 when he was 18 years old, and by the time he was 21, he had become one of the youngest members of the Chicago Mercantile Exchange. He started his trading career in the S&P 500 pit and was one of the very first people to trade the E-mini S&P 500. Today, he hosts a weekly podcast called Futures Radio Show where he shares his extensive experience as a futures trader and interviews expert guests who provide insight into what’s happening in the markets. Along with the CME Group, Trading Technologies is proud to sponsor the show and be a part of the market dialogue. We put the mic on Anthony this time for another segment of “Five Questions with…”
How did you get involved in trading, and what was your path to getting where you are now?
Anthony: I got involved in trading by accident. No, an actual accident. I was just out of high school and got into a bad car crash that changed my life forever. I had a broken femur that required many surgeries. When I got out of the hospital, I had to start rehabbing my leg, so I looked in the paper and took a job as a runner at the Chicago Mercantile Exchange—figured that would strengthen my leg! I applied for the job at the CME, got it, and before no time, I was running orders in the meat pits.
From there, I moved up to clerk in the Eurodollar options, and eventually moved my way into the S&P 500 pits. I spent a year working for a handful of great S&P pit traders, and after that year, I became a member of CME…at just 21 years old. I began trading in the S&P pit, and after blowing out my first account in less than six months, I was extremely discouraged.
One day sitting outside the S&P, one of the Globex guys approached me and asked if I would try the electronic version of the S&P…sure, why not. That electronic version was the E-mini S&P, and I became one of the first people to trade it.
My career didn’t necessarily take off from there, as I did go through one more trading account before I finally found my footing and became a profitable trader. I ended up creating my own indicators and method on the screen. There was no one out there matching my style because there were no other computer traders on the trading floor! Continue Reading →
Tags: 5 Questions / Interviews
Matthew Zimberg is the founder and president of Optimus Futures, a boutique futures trading brokerage that caters to retail and institutional traders via online trading platforms and stable data feeds, commodity trading advisors, and algorithmic trading systems. They are an independent introducing broker with multiple Futures Clearing Merchant (FCM) relationships, which allows them to deliver flexibility to their clients.
Matthew has over 18 years of experience in the futures and commodities markets and a deep understanding of low-latency trading systems, advanced technical analysis and methodologies, and trading software development. He also is a big advocate of risk management. Continue Reading →
Tags: 5 Questions / Interviews
