Rick Lane is the current CEO of Trading Technologies—a software provider that develop high-performance trading platforms which are used by; proprietary traders, hedge funds, CTAs, brokers and banks etc.
The reason why I asked Rick to appear on this episode is because, as we know, not everyone is cut out to be a trader. And that’s fine! I’d like to highlight, there are many other roles in the world of trading where you can have a great impact by leveraging skills which you may have already attained…
Prior to teaming up with his cousin, a large interest rate trader, who anticipated the inflection point of automated trading, Rick was modelling combat scenarios for the military and he also did a short stint at Google as a product manager.
Topics of discussion:
- The challenges of trading compliance, how machine learning will inevitably detect bad behavior—with greater accuracy, and upcoming regulation changes.
- Rick tells why he left modelling combat scenarios to work with a large interest rate trader, who had foresight to automate parts of his floor trading operation.
- As a software developer, when you make something easy which was once difficult, can this have unintended consequences? Mistakes often cost dearly.
- The benefits of a technology company having a CEO who comes from a development background, and what interests Rick most about the fintech space.
- Latency wars—embedding algorithms on network switches, new trends on the horizon, and advice for how to enter the world of trading as a technologist.
Links and resources mentioned:
- EP 118: Manoj Narang
- MiFID (II) and MiFIR [ESMA]
- @Trading_Tech [Twitter]
- @R1ck_L4n3 [Twitter]
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