Princeton University Quant Trading Conference

Invited Speakers



Irene Aldridge

Ms. Irene Aldridge
Managing Partner, Able Alpha

Irene Aldridge is a recognized expert on high-frequency trading. Her latest research on properties of high-frequency data applicable to portfolio management of HFT strategies has come out in “Equity Valuation and Portfolio Management” (F. Fabozzi and H. Markowitz, eds., Wiley, 2011). Aldridge is also the author of “High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems” (Wiley, 2009).  Aldridge is currently a Managing Partner and Quantitative Portfolio Manager at ABLE Alpha Trading, LTD, a proprietary trading vehicle specializing in quantitative and high-frequency trading strategies.







Robert Almgren

Dr. Robert Almgren
Co-founder and Head of Research, Quantitative Brokers

Robert Almgren, co-founder of Quantitative Brokers, providing agency algorithmic execution and cost measurement in interest rate markets, and Fellow in the Mathematics in Finance Program at New York University. Until 2008, Dr. Almgren was a Managing Director and Head of Quantitative Strategies in the Electronic Trading Services group of Banc of America Securities. From 2000-2005, he was a tenured Associate Professor of Mathematics and Computer Science at the University of Toronto, and Director of its Master of Mathematical Finance program.   He has an extensive research record in applied mathematics, including papers on optimal trading, transaction cost measurement, and portfolio construction.




Ugur Arslan

Mr. Ugur Arslan
Founder and Managing Member, Aientech

Mr. Arslan is founder and Managing Member of Aien Capital LP (AienTech), a multi asset & multi strategy hedge fund. AienTech focuses on building alpha generating algorithms through artificial intelligence, mathematics, complex logic and smarter infrastructure for high and low frequency trading.

Mr. Arslan was recently at a proprietary trading firm where he built a FX prop shop from ground up. He architected firm's overall infrastructure, network and internal systems. He was responsible for implementing smart algorithms that generated firm's total revenue.
In his lead, firm achieved more profitability per trade relative to other high frequency shops in FX and generated one of the top ADV and PnL in FX among high frequency prop shops within a year. 

Mr. Arslan implemented one of the most sophisticated pre and post trade methods of analysis in high frequency FX trading. In addition to algorithms, he built the trading GUIs and back office control systems.He was responsible for managing outside liquidity provider relationships and headed many of the negotiations with outside vendors and ECNs.

Prior to prop trading, Mr. Arslan was at Gain Capital (Forex.com). He used artificial intelligence algorithms to design firm’s proprietary hedging systems. He successfully implemented high frequency algorithmic trading systems using order flow data and re-architected firm’s data collection process.

Prior to Gain, Mr. Arslan run a statistical arbitrage portfolio focused on equities, futures, fixed income and FX.



Matt Andresen

Mr. Matthew Andresen
Co-founder and CEO, Headlands Technologies

Matthew Andresen is co-CEO of Headlands LLC, a global quantitative proprietary trading firm headquartered in San Francisco and Chicago. Before joining Headlands, Mr. Andresen was co-CEO of Citadel Derivatives Group ("CDG").  During his five years running CDG, he helped build the world's premier market making and trading firm.  In 2008, CDG accounted for almost 10% of all stock trading volume and over 30% of all option trading volume in the US.
Prior to Citadel, Mr. Andresen was President and CEO of Island ECN, a firm he led from start-up to the largest electronic stock market in the US.  In 2002, he sold Island to Instinet for $568 million.  After the merger, he served as COO of the combined market.
Mr Andresen has appeared more than ten times as an expert before various US Congressional Committees.  He was named by Crain's Magazine as one of the "Top 40 New Yorkers under the age of 40", and by Institutional Investor as one of the "Top Ten Executives in Online Finance".  He is a graduate of Duke University.



Steve
                      Crutchfield

Mr. Steve Crutchfield
CEO, NYSE Amex Options

Steve Crutchfield is CEO of NYSE Amex Options, one of the nine listed options exchanges in the United States. NYSE Amex Options executes trades representing more than 250 million shares of stock daily, both electronically and on an open-outcry trading floor at the New York Stock Exchange.  Mr. Crutchfield also sits on the Boards of Directors of NYSE Amex Options LLC and the Options Clearing Corporation.

Previously, Mr. Crutchfield was Chief Operating Officer at Matlock Capital LLC, where he supervised all trading, quantitative research, and systems work from 2004 through 2009. Matlock, a proprietary trading firm based in Chicago, executed fully-automated options, equities, and futures strategies with an emphasis on market making, volatility forecasting, and statistical arbitrage.

Prior to joining Matlock, Mr. Crutchfield was Managing Director of the Research and Development group at Botta Capital Management. At Botta, he oversaw the development of trading models and technology. Before this, he launched and directed Botta’s off-floor options trading desk and its equity risk arbitrage business.

Mr. Crutchfield holds an MBA in Econometrics and Analytic Finance from the University of Chicago Booth School of Business, an MS in Computer Science from Stanford University, and a BS in Electrical Engineering from the Johns Hopkins University. He lives in Manhattan.



Matt Cushman
Dr. Matthew Cushman
Senior Managing Director, Citadel

Matthew Cushman is Co-Head of Global Automated Trading for Citadel. Prior to joining Citadel in 2011, Mr. Cushman was a Managing Director in the Electronic Trading Group for Knight Capital and was responsible for quantitative trading research and strategy. In the fall of 2010, he also taught for the Rutgers University Mathematical Finance program. Previously, Mr. Cushman was Director of Research and Development at Kromos Technologies.
Mr. Cushman received a bachelor’s and a master’s degree from Carnegie Mellon University as well as a PhD from the University of Chicago.



Dan Kenna

Mr. Daniel Kenna
Managing Director, Morgan Stanley

Daniel Kenna is a Managing Director at Morgan Stanley and heads relationship management and business development for quantitative hedge fund managers within Prime Brokerage.  He began his career at Morgan Stanley in their internal consulting group and later went on to help launch the firm’s Broker/Dealer Clearing business.  In 1996, he left the firm to pursue opportunities emerging debt and equity markets in Brazil working at Unibanco and later DLJ before returning to Morgan Stanley in 2001.  Since then, he has focused on building the firm’s franchise as a leading provider to quantitative managers in partnership with Morgan Stanley’s Electronic Trading, Listed Derivative Clearing, and FX Prime Brokerage teams.   Daniel holds a BS in Industrial Engineering from Columbia University, a BA in Economics from Hosftra University, and an MBA from NYU Stern.



AJ Lindeman

Dr. AJ Lindeman
Managing Director, Benchmark Solutions

AJ has over 15 years of experience in the financial industry developing exotic and vanilla derivatives systems. Prior to joining Benchmark in April 2010, AJ was head of vanilla fixed income analytics at Morgan Stanley. His accomplishments include developing scalable state-of-the-art yield curve models to capture currency and index basis, as well as collateral effects, which can be efficiently calibrated in real-time. He was also a senior contributor to an internal analytics library used by over 1,000 fixed income sales and trading professionals globally. Prior to 2003 he was the global head of the interest rate derivatives system where he led the deployment of the firm's C++ HJM model, and oversaw its expansion to include multi-currency and inflation exotics, as well as the system's migration to Linux grid computing. AJ has a Ph.D in mathematics from Purdue University, with a specialization in Analysis and Probability Theory.



Peter Nabicht

Mr. Peter Nabicht
Executive Vice President, Allston Trading

Since joining Allston in early 2004, Peter has had experiences in all technical aspects of the company. In his first two years he started the automation of back office processes and built a state of the art real-time operations desk that supported trading activities across all asset classes on 50+ endpoints. After being the Technical Lead on the Money Market, Fixed Income and Energy desks, Peter became the CTO of Allston Trading in September of 2008. In January of 2011, he was named Executive Vice President of Allston. While he still stays close to the technical side of trading he is now involved in everything ranging from regulatory concerns to business development to strategic decisions.




Daniel Nehren

Dr. Daniel Nehren
Global Head of Linear QR, JPMorgan Chase

Daniel Nehren is the Global Head of Linear Quantitative Research at J.P. Morgan. LQR is a global quantitative group that focuses on both electronic trading and portfolio and risk analytics for the Equities Division. Prior to joining J.P. Morgan he was the co-head of the Quantitative Products One group at Deutsche Bank and helped run the QP Lab a research joint venture with 2 major Berlin Universities: Umbolt University and Technische Universität Berlin. Daniel spent the previous 5 years in Delta 1 Equity Strategies at Goldman Sachs focused on High Frequency Trading. He holds the title of Doctor in Electronic Engineering from the Politcecnico University in Milan Italy.



Dr. Alex Reyfman

Dr. Alex Reyfman
Director, Barclays Capital

Alex Reyfman is a Director at Barclays Capital in New York and is responsible for developing and managing automated and hybrid market-making systems in credit default swaps and corporate bonds. Previously, he oversaw Barclays’ systematic proprietary trading effort in the credit markets. Prior to Barclays, Alex worked at a quantitative hedge fund, where he oversaw systematic and thematic credit investing, and at several sell-side institutions, where he was responsible for credit derivatives research and strategy. Alex holds a B.A. from Columbia College in New York and a Ph.D. in Economics from the University of Chicago.




Ryan Sheftel

Mr. Ryan Sheftel
MD, Global Head of Rates Electronic Trading, Credit Suisse

Ryan Sheftel is the Global Head of Electronic Market Making for Rates and Regional Head of FID eCommerce for the US for Credit Suisse. In this capacity he is responsible for the global electronic trading business in Rates, including all fully automated, quantitative and high-frequency trading.

In November 2009 Ryan joined Credit Suisse from the Malbec Quantys Fund, a multi-strategy systematic hedge fund, where he was a Principal and Portfolio Manager. Previously Ryan was Head of Systematic Trading at Citadel Investment Group in the Global Rates Group. Prior to Citadel Mr. Sheftel was a trader in the Mortgage department at Goldman Sachs and Lehman Brothers.

Mr. Sheftel graduated in 1995 from the University of Pennsylvania’s Management and Technology dual degree program, with a Bachelor of Science Degree in Economics, concentration in Finance, and a Bachelor of Applied Science Degree in Systems Science and Engineering.



Michael
                      Sotiropoulos

Dr. Michael Sotiropoulos
MD, Global Head of Algorithmic Trading Research, Bank of America Merrill Lynch

Michael Sotiropoulos is the global head of algorithmic trading quantitative research at Bank of America Merrill Lynch. His group supports the Global Execution Services business, and focuses on market microstructure and algorithmic trading research and development. Michael joined Bank of America in 2004, as an equity derivatives quant after spending three years at Bear Stearns in the same role. He was head of equities quantitative research for year 2008 before moving to algorithmic trading. He has a Ph.D. in Theoretical Physics from SUNY Stony Brook. Prior to joining the finance industry he taught and worked in quantum field theory and particle physics at the University of Southampton, England and at the University of Michigan.



Ryan Sheftel

Mr. Shane Swanson
Partner and General Counsel, Eladian Partners

Shane Swanson is a Partner and General Counsel at Eladian Partners. He is responsible for overseeing all legal and regulatory aspects of Eladian's businesses.

Previously, Shane was General Counsel and Director of Compliance at Automated Trading Desk (ATD). In this role, Shane was responsible for helping ATD develop its business from pure proprietary trading, to becoming a fully automated market maker. Shane is very involved with industry committees and market structure analysis, also serving as Vice Chairman of the SIFMA Markets and Trading Committee. After ATD's acquisition by Citigroup in 2007, Shane became the business head at Citi's Lava Trading subsidiary.




Invited Panelists


  


Unson Allen

Ms. Unson Allen
Head of Recruitment for the Electronic Trading Group, Knight Capital Group

Unson Allen oversees all recruiting efforts for Knight's Electronic Trading Group (ETG) globally. Ms. Allen joined Knight in 1999 where she was a business manager, and has worked in the ETG group since its inception. Among her responsibilities are the recruiting of quantitative strategists, traders, technologists, business & project managers and portfolio managers in both the U.S. and Europe. She established Knight's campus recruitment effort which includes the top domestic and international universities, as well as ETG's highly successful mentoring program. Ms. Allen received her B.A. from the University of California, Santa Barbara.







Eric Greiner

Mr. Eric Greiner
Director, Quantitative Prime Brokerage, Barclays Capital

Eric Greiner is currently a Director in the Quantitative Prime Brokerage team at Barclays. His experience includes roles as a Technology Strategist at Bank of America/Merrill Lynch, 2 tours with IBM as a strategy consultant and a Solution Executive, and 2 tours at Lehman Brothers as a regulatory analyst and more recently as global COO of Prime Services Sales. He holds a BA in Economics from Holy Cross College and an MBA from NYU Stern.





Ann Guo

Dr. Ann Guo
Head of Campus Recruiting, GETCO LLC

Ann is responsible for recruiting quantitative analysts and algorithmic traders for GETCO. She received her Bachelors & Masters degrees in computer science from MIT and her Ph.D. from the University of Massachusetts, with a focus in artificial intelligence. She is the founder of MyCareerTube, an Internet startup that helps people explore their career options. Ann is passionate about helping others design and develop their careers.




Brennan Hughes

Mr. Brennan Hughes
Partner, World Wide Financial Industry Recruiting Services LLC

Brennan Hughes is a Partner at World Wide Financial Industry Recruiting Services, a recruiting firm servicing leading high frequency trading groups around the globe.  WWFIRS works with emerging and established HFT groups to recruit, hire, and retain the best and the brightest software engineering, quantitative research, and trading talent in the industry.  Since joining the firm in 2009, Brennan has established himself as an industry expert, leveraging deep trading technology expertise, along with an industry insider perspective.  Highly adept at assessing client needs and understanding specific candidate talents, Brennan has effectively completed over 40 placements for top-tier HFT clients globally.  He is a 2006 graduate of the University of Illinois.



Trent Krupp

Mr. Trent Krupp
Partner, Constitution Group LLP

Trent Krupp co-founded Constitution Group in 2009 as his second successful start-up project. Trent leads the Quantitative Research and Technology team which includes mandates for systematic PM’s, software developers and quant researchers. Trent began his career within the field of Financial Development at both Lucent and the non-profit AIESEC network before making the transition into Executive Search in 2007 when he joined the Quant Group at Carrington Fox, a UK based search firm.  He is an alumni of the University of Wisconsin - Madison and Babson College.



Katy Lederer

Ms. Katherine Lederer
Founder and Managing Partner, Intelligent Alternatives LLC

Katherine Lederer specializes in placing world-class technical staff  at all seniority levels across the business structure. She spent six years working at D. E. Shaw, where, in her last two years, she ran front-office recruiting globally. Currently, she works with between fifteen and twenty financial and non-financial clients ranging from 2 to 2000 headcount. She focuses on candidates with extremely strong coding and pattern recognition skills.




Bill Lyon

Mr. Bill Lyon
CTO, Prediction Company

Bill is currently the CTO of Prediction Company in Santa Fe, NM where he manages all technology and engineering related to Prediction's development of model-based trading systems. 

Prior to joining Prediction in 1996, Bill was a long-time financial industry consultant, and has been developing software and systems since 1981 when the first IBM PC was introduced to Wall Street.   Since then, he's worked on trading analytics, market-data distribution systems, front, middle, and back-office systems, nationwide news and quote servers, and for the last 15 years -- automated trading systems.

Bill earned his BSE in Electrical Engineering and Computer Science from Princeton University in 1981.



Ryan Sheftel

Mr. Ryan Sheftel
Head of Electronic Market Making, Credit Suisse

Ryan Sheftel is the Global Head of Electronic Market Making for Rates and Regional Head of FID eCommerce for the US for Credit Suisse. In this capacity he is responsible for the global electronic trading business in Rates, including all fully automated, quantitative and high-frequency trading.

In November 2009 Ryan joined Credit Suisse from the Malbec Quantys Fund, a multi-strategy systematic hedge fund, where he was a Principal and Portfolio Manager. Previously Ryan was Head of Systematic Trading at Citadel Investment Group in the Global Rates Group. Prior to Citadel Mr. Sheftel was a trader in the Mortgage department at Goldman Sachs and Lehman Brothers.

Mr. Sheftel graduated in 1995 from the University of Pennsylvania’s Management and Technology dual degree program, with a Bachelor of Science Degree in Economics, concentration in Finance, and a Bachelor of Applied Science Degree in Systems Science and Engineering.



Eliot Smith

Mr. Eliot Smith
Senior Consultant, Quantitative and Electronic Trading, NJF Search

Eliot is a senior consultant with NJF Search, a global executive search firm.  Based out of New York, Eliot heads the US Quantitative and Electronic Trading Practice for NJF.  Prior to joining NJF, Eliot founded Pulsar Capital Research, a headhunting firm focusing exclusively on ultra high frequency trading.  Eliot Holds a Bachelor's degree in Economics from Fairfield University.





Michael
                      Sotiropoulos

Dr. Michael Sotiropoulos
MD, Global Head of Algorithmic Trading Research, Bank of America Merrill Lynch

Michael Sotiropoulos is the global head of algorithmic trading quantitative research at Bank of America Merrill Lynch. His group supports the Global Execution Services business, and focuses on market microstructure and algorithmic trading research and development. Michael joined Bank of America in 2004, as an equity derivatives quant after spending three years at Bear Stearns in the same role. He was head of equities quantitative research for year 2008 before moving to algorithmic trading. He has a Ph.D. in Theoretical Physics from SUNY Stony Brook. Prior to joining the finance industry he taught and worked in quantum field theory and particle physics at the University of Southampton, England and at the University of Michigan.



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