All posts by: Brian Mehta

5 Questions with Mike Mayhew, CIO at Trading Technologies

Speed and accessibility are the key benefits most often talked about when promoting the TT® platform. But what is less frequently highlighted is the infrastructure and support structure that keep operations moving smoothly. That responsibility falls on Mike Mayhew, CIO at Trading Technologies. In this edition of “Five Questions with…,” we talk with Mike about his team and the behind-the-scenes work that goes into making the TT platform dependable and secure.

Brian Mehta, CMO

MikeMayhew

What is the scope of your responsibilities as TT’s CIO?

Mike:  My responsibilities span global trading platform operations and support, security and corporate IT. Corporate IT is a well-oiled machine, so typically when I talk about my responsibilities, I focus on trading platform operations and support. In other words, my teams are responsible for the overall availability of TT’s production trading environments. In fact, about 99% of our efforts—whether infrastructure design, change management, security audits or day-to-day ops—are focused on ensuring users have a fast, secure and reliable trading experience.
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5 Questions with Danny Riley of MrTopStep

I am continually impressed by the breadth of interesting people I encounter in the fintech arena. Whether they are traders, technologists, media or even marketers (yes, believe it or not), there are so many great stories behind the scenes from the people that make this industry exciting. So, welcome to “Five Questions with…,” a new Trade Talk series in which we interview notable market participants and technology thought leaders about a few common—and a few unique—industry-related subjects. Our first chat is with Danny Riley of MrTopStep, a multi-channel outlet dedicated to financial news and education. Danny is passionate about the industry and he educates while he entertains on his Periscope channel. Read on to learn how Danny came to found MrTopStep, what he looks for in a trading execution platform and more. And, hope you enjoy the series.

Brian Mehta, CMO

Danny-Riley-on-the-CME
 

TT: How did you get involved in trading, and what path took you to where you are now?

Danny: Less than a year after high school, I received an offer to work as a runner for Agra Trading in the grain room of the Chicago Board of Trade. As soon as I walked on the floor, I knew I wanted to be in the industry. After working in the grain pit, I moved to the bond floor, and from there, I ended up at the CME, where I built the largest-volume S&P futures desk on the floor. As the demand for open outcry decreased, I moved my desk from futures to S&P options, where I filled orders electronically.

Before leaving the floor in December of 2014, I founded a company called MrTopStep.com to help educate both professional and retail traders about many of the rules and methods I learned while on the floor. Since my move from the floor, I have had to work out the challenges of transitioning from the energy and feel of the floor to trading on the screens. I have found that volume imbalance and footprint charts have helped me recreate some of the market feel and trading rules I used on the trading floor. (more…)

A Briefing from Boca, the Futures Industry’s Annual Conference

TT was once again down in Florida to gain key insights from some of the industry’s leading minds at the 41st Annual FIA Conference in Boca Raton. We had the opportunity to meet with the media, partners and customers to talk about how we’ve changed in the past year. Here’s a recap of the eventful week:

Things kicked off with a new initiative on Tuesday, March 15: the inaugural TT/FIA tennis tournament, benefiting Futures For Kids. We were pleased to have a strong turnout, and it was a fun and fit way to meet new people and catch up with longtime industry friends.

The heart of the Boca program began on Wednesday with panels on topics impacting the industry. The Exchange Leaders panel was a big draw, featuring the CEOs of Deutsche Borse, CME Group, ICE, SGX and Hong Kong Exchanges & Clearing. The key takeaway was that these exchange groups — each one of them — are looking to technology to drive innovation and their organizations’ futures.

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Expo, Expo, Read All About It!

Last week, FIA hosted the 31st annual Futures and Options Expo in Chicago, bringing together over 5,000 attendees from around the industry and the globe. After attending my first FIA Boca and IDX this year, I was eager to complete the trilogy with FIA Expo.

Expo is always a big event for TT due to its nature as the year’s largest industry gathering. But this year was even more important than usual for us. This was the first Expo since the release of the TT platform in March, and Expo attendees were able to create trial accounts on site at our new booth.

It was an exciting week for us, and we documented the important action via the #FIAExpo hashtag on Twitter. Scroll down for an inside look via some selected tweets from @Trading_Tech.

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