MWOpportunity | MarketsWiki Education

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MarketsWiki Education: A World of Opportunity is our series of talks featuring top professionals from the financial industry, who provide 10 to 12 minute presentations to students, interns and first year professionals.

The goal is simple – to attract and inform the next generation of professionals to the financial market space.

Speakers talk about current market dynamics, sharing cutting-edge perspectives on trends, technologies, and challenges shaping the financial landscape.

Future-focused discussions explore emerging market opportunities, technological innovations, and predictions that can help young professionals anticipate and prepare for upcoming industry shifts.

Additionally, the series provides invaluable job advice, offering practical guidance on career development, networking, skill-building, and navigating the complex professional ecosystem of financial markets.

By blending personal storytelling, historical context, market insights, and professional mentorship, A World of Opportunity creates an immersive learning experience that not only educates but also inspires the next generation of financial market professionals.

Bob Pisani talks about AI.

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Can AI Make You a Billionaire Through Stock Trading

“Having the chance to be on the front lines working with the markets is an invaluable experience no matter what you do in the industry, no matter where you end up or what path you take.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Donna Heidkamp, executive director at RJO Futures, talks about her first internship with the CME and how it shaped her future. Heidkamp says high volatility is what the industry needs to keep things moving in a positive direction. When volatility is low, people get antsy and start making emotional decisions.

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Donna Heidkamp – Strive for Self Improvement

“Personally, I see it as our industry undergoing a new technological reformation, and I think it’s as significant as moving from the trading pits to matching engines.”

In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Chip Dempsey, chief commercial officer at OCC, discusses cryptocurrencies and what effect they'll have on markets. Dempsey says that the emergence of cryptocurrencies are the beginning of a new age in finance and using a shared ledger has enormous cost control implications.

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Chip Dempsey - Breaking Down Cryptocurrencies

“We’re trying to ensure market integrity, we’re trying to make sure investors are protected and we’re making sure all of our members are doing the right thing and following all the rules.”

In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Jim Hourihane, compliance manager for the National Futures Association, breaks down how the NFA works and what kind of opportunities present themselves in compliance. With mountains of data in the financial sector, one of the goals of the NFA is to make sure that market and member data is safe and secure. Hourihane says the NFA’s new challenge is going international and making sure they can work within the structure of other countries regulatory guidelines.

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Jim Hourihane - Careers in Compliance

In this video from MarketsWiki Education’s Intern Recruiting Event event in Chicago, Ed Tilly, chairman and CEO of Cboe Global Markets, discusses how changes in technology force you to adapt to stay ahead of the curve. Tilly breaks down what's going on in the exchange space and how the Cboe has changed over the years. With the explosion of screen trading and the end of open outcry trading, exchanges have had to roll with the punches and make sure customers are happy. Tilly’s goal is to bring transparency and liquidity to the marketplace.

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Ed Tilly - Staying Ahead of the Technology Curve

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HC Technologies Talks About Shaping the Next Generation of Derivatives Traders

“[Fintech] is an incredibly broad term. It means the ATM you’re using in a bodega, but it also means the sophisticated software used to spot fishy behavior in markets.”

In this video from MarketsWiki Education’s World of Opportunity event in New York, Anna Irrera, a fintech correspondent for Reuters, breaks down how fintech is revolutionizing the financial industry. While fintech is a broad term, Irrera talks about four main areas: payments, online lending, digital wealth management and blockchain projects.

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The Birth of Fintech - Anna Irrera

“Ultimately I think that anyone who believes in fairness, or believes that people should compete on the merits of their ideas and hard work rather than advantages that they have purchased, can appreciate why IEX was created and why it has succeeded so far.”

In this video from MarketsWiki Education’s World of Opportunity event in New York, Elaine Wah, who works in market quality at IEX, discusses algorithmic trading strategies and the effects on investors. IEX was built with the goal of protecting investors as well as providing better execution quality. The exchange also wants to level the playing field so that no market participant is faster than another. Wah believes there is a lack of transparency around execution data on exchanges and thinks IEX can change that.

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Problems, Solutions and Results - Elaine Wah

“It shocks me everyday at five o’clock when I see the race to the elevator, as if only the first few will make it out of the building. Just because you have to work till five at the beginning of your career, doesn't mean you can only work till five.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Joe Guinan, CEO of Advantage Futures, spoke about navigating the ups and downs in the financial industry. Every year, millions join the ranks of those with investable assets and for that reason, Guinan is bullish on starting a career in finance because all of that money needs to be managed. Entering the workforce as a young professional can be tough and Guinan stresses the importance of relentlessly striving to prove yourself over and over. Some people look at graduating from college as the finish line. Guinan says the race just started.

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The Cycle of Life - Joe Guinan

“Go find your friends. That’s the start of your networking skills. Learn how to go up and talk to people. Have a conversation, be interested in what they're saying and tell them what you're looking for and what interests you.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Amy Shelly, CFO at the OCC, talks about her winding path through the industry. Shelly spent the early part of her career in banking, spending seven years with Goldman Sachs and three with JP Morgan. Shelly moved on to work for Hull Investments, as an accountant where she was introduced to the trading floors. Add in the OCC, and Shelly has worked in proprietary trading, investment banking, retail broking and clearing. But, Shelly maintains she got these jobs with the same skill set and attitude. You should know what the business is doing, think about how to move it forward, learn about your colleagues, and always network.

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My Journey Through the Financial Industry - Amy Shelly

“It’s a strategy that makes money over time, but actually makes a lot of money when the world blows up.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jay Feuerstein, managing director at Budo Group, talks about managed futures and their role within finance. Feuerstein says the best time for managed futures was during the ‘87 and ‘08 market crashes. Managed futures can be volatile when interest rates fluctuate, and since the Fed is slowly starting to raise rates, it could be a good sign for an industry segment which has struggled so far in 2017.

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Breaking Down Managed Futures - Jay Feuerstein

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How to Build a Successful Brand – David Kelbaugh

“You don’t have to [meet] every credential and be an ‘A’ on all of it to get to that next role. You just have to believe you can do it, and you need to make others believe you can do it.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Julie Armstrong Menacho, global head of market technology services at CME Group, talks about her winding path from the University of Kentucky to the CME and the lessons she learned along the way. Menacho started with an internship at oil giant Valvoline, went on to work for a large airplane manufacturer, then moved to account management and customer service. Early on she was told her reputation would be her best friend and that she should always reach. By reach, Menacho means being willing to jump at any opportunity even if you aren’t quite ready. When Menacho started at CME Group’s data center business, Menacho was upfront about not having experience with data centers or futures trading, but she did have the necessary toolbox of skills to care for customers and drive revenue. In other words, she reached.

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It’s All About the Reach - Julie Armstrong Menacho

“When your crystal ball gets foggy, your two greatest assets will be your humility and your flexibility.”

In this video from MarketsWiki Education’s World of Opportunity event in New York, Richard Rosenblatt, CEO of Rosenblatt Securities, explains how to choose a career with a solid future. Rosenblatt considers himself an institutional execution expert, but when the market crashed in ‘87, he had to get creative. At the end of the day, you have to follow your smile and do what you enjoy. The person that loves what they do will win everytime.

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Choose an Industry with a Future - Richard Rosenblatt

“The regulator has to be an enabler. But their mission is to protect investors and help preserve the quality of the market. There’s a mission there that has to be preserved in the face of change.”

In this video from MarketsWiki Education’s World of Opportunity event in New York, Gary Barnett, deputy director, division of trading and markets with the Securities and Exchange Commission, explains the importance of decision-making. Barnett studied philosophy in college and was great with numbers and understood cash flow, but avoided public speaking. He quickly realized it was a fear he needed to conquer. The ability to stay flexible and have a decent amount of humility while always being creative are Barnett’s keys to a success.

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Considerations in Decision-Making – Gary Barnett

“There never used to be any competition in the futures markets anywhere else in the world. People used to say, ‘If you want to manage your risk you have to come to Chicago.’ That’s not the issue anymore.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, John Damgard, former FIA president, reminisces about his start in politics and how it eventually led to a career in futures. After working on several political campaigns, Damgard shifted his focus and started working at the Department of Agriculture for Earl Butz. Damgard would go on to be a voice for the FIA during market crashes, the fall of Barings and the September 11 attacks.

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How to Overcome Challenges – John Damgard

“If you look at this from a game mentality, you can get trading down. You don’t have to be a Harvard grad or anything like that. You can be a country boy from Nebraska.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Michael Patak, founder of TopstepTrader, analyzes the game of trading and how to find success. After suffering three $30,000 losses while trading during college, Patak retooled his approach and subsequently started TopstepTrader. The simulation platform at TopstepTrader helps new traders learn how to manage risk and maintain discipline. If they can prove they are profitable, TopstepTrader will fund their account. Patak doesn't want new traders to make the same mistakes he did and sees this as a way to enable talent in markets regardless of background.

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The Game of Trading - Michael Patak

“We were gung-ho we were going to be commodity brokers. When one of the speakers walked into the room, he said, within one year, half of you are no longer going to be in business. Within two years, there will only be five of you left in business. And within five years, there's only going to be one of you left in the business. I’m the survivor and pretty happy about it.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Paul Georgy, CEO of Allendale, breaks down what it takes to be successful in the futures business through the lens of his career. Georgy started out in the purebred cattle industry, but it went belly up after interest rates went higher and tax laws changed. After a few years of struggling as a commodity broker, Georgy and a friend started their own introducing broker business. It gave him the opportunity to grow as well as be creative — two keys to prosperity in today's futures markets.

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Your Future Starts with You - Paul Georgy

“People who do well, they stick around. They invest more money and make the markets more efficient. People who don’t do well generally move on pretty quickly to other opportunities.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Jennifer Wilson, partner at DRW, discusses what it takes to be a successful trader in today's markets. When Wilson was starting out in the late ‘90s, the floor was a microcosm of pure commerce. Traders were doing what was best for their book which created a steady balance of supply and demand. In today's electronic markets, things operate differently and Wilson hits three key points. Trading comes down to what you make of it, it’s not easy and it’s always evolving. While the pits are mostly gone, there are two things that will remain the same. Own up if you make a mistake and always honor your trade.

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How to be a Successful Trader - Jennifer Wilson

“I didn’t like the floor very much... It was the [CBOE], which wasn't quite as rough and tumble as the futures floor, but I still felt kind of like this isn’t really a place for a nice girl like me.”

In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Leslie Sutphen, co-founder of Women in Listed Derivatives (WILD), talks about starting her career when there were very few women working in the futures and options industry. After looking around room after room during her career with the same gender disparity, Sutphen decided to create WILD. WILD’s mission is to help women in the financial industry through mentorship and networking.

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How I Discovered My WILD Side - Leslie Sutphen

“You have a chance, single-handedly, without anyone looking at your resume, to try and change an industry.”

In this video from MarketsWiki Education’s World of Opportunity event in New York, Morgan Slade, CEO of CloudQuant, discusses the difficulties most people face when trying to enter high finance. Getting your foot in the door at a large hedge fund is tough these days unless you went an Ivy League school and graduated summa cum laude. CloudQuant is changing the game by offering institutional quality research with high frequency data for anyone, regardless of background, to apply to algorithmic trading. CloudQuant will allocate capital to strategies if it sees a high enough risk adjusted return and will operate the strategies for you. Slade says the power of quantitative trading comes from the confluence of four things: cloud computing, alternative data, machine learning and crowd researchers.

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Quant Trading and Superpowers - Morgan Slade

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MarketsWiki-World-of-Opportunity_WHITE

MarketsWiki Education: A World of Opportunity is our series of talks featuring top professionals from the financial industry, who provide 10 to 12 minute presentations to students, interns and first year professionals.

The goal is simple – to attract and inform the next generation of professionals to the financial market space.

Speakers talk about current market dynamics, sharing cutting-edge perspectives on trends, technologies, and challenges shaping the financial landscape.

Future-focused discussions explore emerging market opportunities, technological innovations, and predictions that can help young professionals anticipate and prepare for upcoming industry shifts.

Additionally, the series provides invaluable job advice, offering practical guidance on career development, networking, skill-building, and navigating the complex professional ecosystem of financial markets.

By blending personal storytelling, historical context, market insights, and professional mentorship, A World of Opportunity creates an immersive learning experience that not only educates but also inspires the next generation of financial market professionals.

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