Thursday, October 1, 2015

From Bunkers to Brews: Getting to Know Wedbush Futures

The Chicago summer is in the back nine, but golf season is still in full swing. After all the strokes were tallied at the Trading Technologies golf outing at Chicago’s own Ridgemoor Country Club, I had the privilege of sitting down over a pint at the 19th hole with industry veteran Carl Gilmore, co-head of futures for Wedbush Futures.

We had a lot to discuss as the futures division of Wedbush is not quite a year old and recently made the new TT trading platform available to their clients. And while we debated the likes of Rory McIlroy or Jordan Spieth and forecasted the future of Tiger, we also talked a little business and exchanged perspectives on the markets.

I summarized our conversation for this blog post. It’s a great opportunity for Trade Talk readers to learn a bit more about Wedbush Futures, garner insights about the current low interest rate environment and understand why Wedbush chose to be an early adopter of our new platform.

TT's Robbie McDonnell (L) with Wedbush's Carl Gilmore (R) at the recent Trading Technologies golf outing.

Thursday, September 17, 2015

Futures in Asia: A Conversation With UOB Bullion and Futures

Established in 1978, UOB Bullion and Futures Ltd (UOBBF) is a premier clearing broker in the Asia/Pacific region. The firm is a wholly owned subsidiary of United Overseas Bank Limited (UOB), a leading bank in Asia, which has a global network of more than 500 offices in 19 countries and territories in the Asia/Pacific, Western Europe and North America.

As the brokerage arm of UOB, UOBBF provides trading access for a comprehensive suite of products including leveraged foreign exchange, bullions, OTC derivatives, futures, options and commodities on major exchanges around the world. Their clients include retail, high-net-worth, corporate and institutional investors as well as proprietary, hedge fund and high-frequency traders.

UOBBF has been using Trading Technologies software and distributing it to their customers in the region for more than seven years. I recently visited UOBBF’s headquarters in Singapore and had the opportunity to spend time with CEO Matthew Png. Matthew graciously sat down with me to discuss the firm’s recent expansion and partnership with TT.

TT CEO Rick Lane (L) and UOBBF CEO Matthew Png (R) at UOBBF's headquarters in Singapore.

Tuesday, September 8, 2015

What's in Your Backpack?

Leo Murphy teaches Northwestern students how to use TT.
BACK TO SCHOOL! Parents breathe a sigh of relief as students begin their march into autumn. Time to fill backpacks with all the essentials: assignment books, dictionaries, calculators, pencils, flash drives and campus maps. The last thing a student wants to experience is to be in class and not have what they need.

But how does that backpack look at graduation? Do students have what it takes to make the move into today’s financial markets?

There’s no better time to load up on “market-ready” skills than when you begin your education. Just as every class has a syllabus with dates and deliverables, so too should a student’s education provide them with more than the required curriculum and a diploma. It should empower them to succeed. When it comes to finance, financial services and risk management, a student should be as prepared as possible for the marketplace.

Tuesday, September 1, 2015

My Summer at TT: An Experience I Wouldn’t Trade for Anything

As summer at Trading Technologies is rapidly coming to a close, I wanted to take the time to reflect on my experience as one of TT's 2015 summer interns.

First and foremost, I would like to say that I have no idea where the summer went. To say it went by quickly is an understatement, which I think, in itself, speaks volumes about how much fun I had at TT. Although, like most every college student (especially those who attend IU), I am incredibly excited to go back to school, I feel this excitement at a smaller degree than in years past—solely because that means leaving TT and the people that make it so enjoyable.

As I wrote in my initial blog post, TT was not at all what I expected it to be. I thought that I would be walking into a much more corporate environment and was taken aback by the cool, laid-back exterior—snacks, bar, game room, decor and all.

But now that I’m looking back, what I think is even more remarkable than the physical environment is twofold: (1) the trading environment as a whole and (2) what I was actually doing.