Ceo, Founder, Chairman
New York, Us
Invented Heatmaps™ and formed a software/consulting company which is now owned by the Carlyle Group. Heatmaps are a real time financial analysis, pattern recognition and middleware technology, integrated into many other platforms. I led most projects, resulting in extensive exposure to trading methods. Clients included dozens of buy and sell side organizations, software vendors and exchanges including Bank of America, Bear Stearns, Blackrock, CIBC, Citibank, Credit Suisse, Deutsche Bank, Dresner, GE, Goldman Sachs, Invesco, Janus, JPMorgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Pershing, Putnam, SSGA, UBS, Vanguard, Wellington, Bloomberg, Dow Jones, Thomson, Reuters, Sungard, the NASDAQ, the NYSE and the DTC. Several of my innovations had a notable impact:• A buy side transaction cost optimization system developed for Fidelity was licensed to 10 large mutual funds, and at Fidelity was credited with helping to generate $200 million in additional profits over 4 years (Wall Street Journal)• Dozens of proprietary trading applications developed for equities, derivatives, commodities, forex and fixed income. These applications, in part, resulted in profits exceeding $2 billion.• Private Client technology developed for PaineWebber (13k users) and later licensed to Merrill Lynch (40k users) allowed brokers to monitor client portfolios in real time and integrated research for client specific advice. This technology, in part, credited with improving service levels by 11%. • Real time exchange monitoring technology developed for NASDAQ became one of the most popular features on nasdaq.com. This technology is also used for detecting insider trading. The success here resulted in an “honorary” launch of NeoVision on the NASDAQ in 2003.Raised $20 million from Deutsche Bank, Bear Stearns, Intel and Gateway Ventures. Personally hired over 100 staff. In 2004 sold NeoVision to SS&C, which was soon after acquired by the Carlyle Group for $942 million.