Biographical
Information
Prof. Donefer
enjoyed a 35 year career in the international financial services industry,
having worked with banks, exchanges and securities firms in the US,
Europe and Asia.
At Baruch since January 2003, Prof Donefer
teaches IT in Financial Markets and Risk Management
Systems in the Zicklin MBA program. At the
Subotnick Center, he teaches workshops in Technical Analysis, Options and Futures
markets, using the data and analytics facilities of the Wasserman
Trading Floor. Prof. Donefer was a panelist at the recent international
Equity Markets Microstructure Seminar held at Baruch.
Prof. Donefer was the faculty advisor to the RentBid project, which won the
2004 Baruch Entrepreneurial and the NYC Microsoft Imagine Cup
competitions.
From 1996 through 2002, Prof. Donefer was SVP and
Head of Capital Markets Systems at Fidelity Investments in Boston,
implementing one of the industry's first straight through processing (STP)
equity trading environments. He was also responsible for their algorithmic
trading, fixed-income, foreign exchange, market making and mid-office
systems, client and marketplace connectivity and their proprietary
real time VaR based credit and market risk management system.
As
President of two international software businesses
aimed at financial institutions, he developed an early global
credit risk system product. Prior positions included EVP-CIO of Dai-Ichi
Kangyo Bank, (now Mizuho Bank), where he was responsible for its operational
recovery after the 1993 World Trade Center attack.
He has been consultant to, among others, the New York
and Milan Stock Exchanges, Citigroup and Bank of America. Recently, he consulted
to two digital economy start-ups. Prof. Donefer is also
principal of Conatum Consulting, LLC , where he teaches and consults to corporate clients and has been an expert witness,
testifying in federal court in patent cases regarding trading
technology and financial markets.
He has acted as
a volunteer advisor or board member to Artists for Humanity , St. Luke's Chamber Ensemble, Poets in the Schools, Volunteers
for the Arts and the Volunteer Urban Consulting Group. Since 2004,
Prof. Donefer has taught an intensive course on the
financial markets for Sponsors for Educational Opportunity , preparing selected undergraduates for
their summer internships with participating New York firms.
Prof. Donefer has spoken and written in the US, Europe and
Asia on the use of technology in the financial services industry
and on risk management system implementation. He holds an MBA
in Finance from the NYU Stern School of Business.
Current Academic Appointments
- Adjunct Associate Professor, NYU Stern Graduate School of
Business
- Adjunct Assistant Professor,
Fordham Graduate School of Business
Research Interests
- Risk management
Market
microstructure
- Trading systems - algorithmic, order management,
connectivity, etc.
Courses Taught
- CIS 9555 IT in Financial Markets Syllabus
- CIS 9556 Risk Management Systems Syllabus
Reading List
I am often asked about further readings and useful websites for
my courses. Here is a personal list of suggestions: Readings and
Websites
Press Citations
Securities Industry News, Reuters, Guardian UK,
Advanced Trader, Wall Street and Technology, Wall Street Letter and
Nikkei Shimbun Japan
Link to press citations
Recent Speaking Engagements
- "International and Alternative
Trading Opportunities", Track Chairman, TradeTech USA 2009,
NYC
- "Using the Latest Trading Strategies and Tools
in Emerging Markets to Amplify Returns on Your Desk", Moderator,
TradeTech USA 2009, NYC
- "Managing International Trading for Long Term
Profitability in Global Markets", Moderator, TradeTech USA 2009, NYC
- "Home is Where the Credit Crisis
Is", invited speaker, Association of Commercial Finance Attorneys, 2009,
NYC
- "Trading Algos and Beyond",
Chairman, 2008, NYC
- "eTrading and Risk Management",
invited speaker, Trading Algos and Beyond, 2008, NYC
- "Current
Issues in CDO's, CDSs and SIVs", invited speaker,
Association of International Bank Auditors ("AIBA"), 2008,
NYC
- "Risk Management and Electronic Trading", Speaker, FIX Protocol
Quarterly Meeting, 2008, NYC
- "Capital Markets BootCampsm",
SEO
NYC and Corporate Clients in NYC, Boston, LA and Madrid
- "Risk Management for
Non-Quantssm ", Instructor for 2-day seminars in NYC,
Chicago, Toronto, Oxford, UK, Philadelphia, Washington
DC and Boston
- "Building a Flexible Algo Strategy
to Reflect Market Conditions and Trading Tactics", moderator and
panelist, TradeTech USA, 2008, NYC
- Straight From
the Source: Integrating DMA Technologies To Bring Additional Liquidity
to Your Trading Desk", moderator and panelist, TradeTech USA, 2008,
NYC
- "Execution
and Research: Ensuring Your Trading Desk Is Getting the Best of Both
Worlds", moderator and panelist, TradeTech USA, 2008, NYC
- "Just What
Are The Pitfalls Of Virtualization Technologies", moderator and
panelist, Financial Technology Congress, 2008, NYC
-
"Fourth Annual Conference Best Execution.
How to Measure It -- How to Achieve It In a Post-Reg NMS World",
Conference Chairman, 2008, NYC
- "CDSs, CDOs
and SIVs", invited speaker, Financial Executives International, ("FEI"),
2008, NYC "Successfully
Implementing Virtualization Across the Infrastructure", moderator and
panelist, Waters USA, 2007, NYC
- "By the
Trader; For the Trader: How Algorithmic Providers are Solving the
Trader's Needs", Conference Chairman, moderator and panelist, Algo
Trading 2007, NYC
- "Introduction to Value
at Risk", invited speaker, Performance Measurement 101 for Marketing &
Compliance Professionals, 2007 and 2008, NYC
- "Assessing Trading Risk", Conference Chairman,
moderator and panelist , Hedge Fund Trading Forum 2007, NYC
- "Cross Asset - Cross Instrument Derivatives
Trading", Conference Chairman, Moderator of three panels, Trade Tech
Derivatives 2007, NYC
- "Lies Your Professor Taught You", Moderator and
speaker, Risk Management, New York Society of Securities Analysts, 2007,
NYC
- "Capital Markets BootCampsm", SEO NYC
and Corporate Clients in NYC, Boston, LA and Madrid
- "Challenges and Opportunities of Electronic Trading in Global
Markets", Panelist, 2007 Global Securities Trading Forum,
NYC
- "Changes in Market Structure Focus Summit", Chair, Moderator and
Speaker, Trade Tech 2007, NYC
- "2006 in the Life of the NYSE", Invited Speaker, Financial
Executives International, 2007, NYC
- "What the Trader
Wants: Essential Applications for Managing the Trading Desk's
Expectations", Moderator and Panelist, Algo Trading 2006
- "Hedge
Fund Risk Management", Moderator and Panelist, Hedge Fund Trading, NYC
2006
- "Developments in Algorithmic Trading &
Advanced Electronic Trading", Moderator and Panelist, Derivatives and
Securities World, NYC 2006
- "Achieving Consistency in TCA", Moderator and Panelist,
Transaction Cost Analysis 2006, NYC
- "The Future of Stock Exchanges", Conference
Chairman and Moderator, Trade Tech 2006, NYC
- "Transaction Cost Research: Analyzing the True Cost of a Trade
and Ensuring Best Execution", Moderator and Panelist, Trading
Technology:Advanced Execution Strategies, NYC 2006
- “Re-Examining Best Execution and Liquidity
in Light of Regulatory Developments and Industry/Technology Advances”,
Moderator and Panelist, Conference on Advanced Execution Strategies,
2005, NYC
- "Hype in Algorithmic Trading", Panelist,
Algorithmic Trading Best Practices 2005, NYC
- "Planning Your STP Budget", Panelist, Wall
Street and Technology STP Conference, NYC
- "Trends in the Financial Services Industry",
Baruch College, CUNY, Impact of Technology Conference
- "Issues in Implementing Risk Management
Systems", NYU Stern School of Business, guest lecturer
- "How OMS's Can Add Value in a Direct Access
World", IT in Financial Services Conference, San Diego
- "The Use of IT to Address The Mutual Fund
Crisis", Baruch College, CUNY, Honors Program
- "Straight Through Processing - From Buy Side
to Settlement", STP Conference, NYC
- "Requirements Gathering with Use Cases",
Fidelity Center for Advanced Technology, Boston
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