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Author Archives: Mike Forrester

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Forrester is a video editor with John Lothian News.

Considerations in Decision-making – Gary Barnett Standard

“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…

How to Overcome Challenges – John Damgard Standard

“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…

The Game of Trading – Michael Patak Standard

“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…

Your Future Starts with You – Paul Georgy Standard

“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…

How to be a Successful Trader – Jennifer Wilson Standard

“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…

How I Discovered My WILD Side – Leslie Sutphen Standard

“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…

Quant Trading and Superpowers – Morgan Slade Standard

“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 to 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…

Global Trading Markets, Disruptive Tech and Entrepreneurship – Julie Lerner Standard

“You can’t be an entrepreneur until you get that big idea. And that idea needs to be so big it feels like a curse as much as a blessing in the sense that you know you have to go do it.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Julie Lerner, CEO of PanXchange, discusses the convergence of global markets and being a successful entrepreneur. Lerner maintains that not only do you need passion, you need a specific niche. She realized she found hers when she learned how to embed options into cash contracts while working…

Trust and Transitions – Pat Kenny Standard

“You never know who you might be sitting next to right now. It might be someone you run into 20 or 35 years from now and that might be the person that gives you the break you need.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Pat Kenny, senior vice president with CQG, talks about a number of key traits needed to succeed in any workforce. As a trader in the pits of the Chicago Board of Trade in the early ’80s when word was the only bond, Kenny learned about the importance of honesty and…