Perspective From A Trading Technologist — Attacking Unique Problems

Audio Length: 01:06:37

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 will machine learning 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.