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Don’t fear the machines, embrace them

I’ve always been fascinated by electronic trading and my strong desire to progress the evolution of trade automation technology is one of the things that has kept me pushing forward in the fintech industry. I’ve seen many hurdles as the role of financial institutions is to keep assets safe, not to have the flashiest technology. This ends up being detrimental to technological innovation, flexibility, growth, and speed of evolution. My favorite projects have always revolved around designing algorithmic rules engines for institutional FX traders to alleviate the burden of their many multi-click, manual, menial tasks. Automation enables them to focus more on the strategic trading that ultimately

Bolstering Diversification with Uncorrelated ETFs

­­ This week, the SEC halted industry efforts to deliver 12 bitcoin ETFs and two cryptocurrency mutual funds. This news came in the wake of last month’s release of two bitcoin futures contracts, the first trading on the Cboe (XBT) and the second on the CME (BTC). Regulator’s hesitation on an ETF offering is the result of concern surrounding investor safety. They feel the risks of lack of liquidity as well as volatility on the underlying bitcoin asset could put investors in danger. This news got me thinking about ETFs again and how powerful and advantageous they are. I’ve always liked how ETFs are one of the portals that connects the traditional and alternative investment worlds. After workin

Can we develop the agility of a cat and lose the rigidity of a washing machine?

After reading a very insightful piece by former derivatives trader and current philosophical essayist Nassim Nicholas Taleb, my eyes have been opened to how institutions should be created to better withstand volatility. Many know Taleb for his Black Swan theory, which details the implications of incalculable, ‘surprise’ events resulting in some degree of catastrophic damage. In a Wall Street Journal op-ed titled Learning to Love Volatility, Taleb draws from his former theory, using it to derive the term “Antifragility.” The opposite of being vulnerable to volatility, antifragility was coined to describe the concept of creating institutions that won’t fall apart when they encounter black swan