Project Manager System
Resume:
Resume for Charles Ocheret
*** ******* **** ******, *** 248
Scarsdale, N.Y. 10583
Areas of Qualification
Technology Management
Hands-On Implementation
Independent Technology Assessment
High Availability
Web Services/E-Commerce
High Bandwidth Computing
Secure Network Interprocess Communications
Database Internals
Interactive 3D Computer Graphics OpenGL, Direct3D, Java3D, RenderMan
Digital Signal/Image Processing
Pattern Recognition
Computer Languages Java (JDBC, Swing, JAXP, Java2D, Java3D, NIO, EJB, Servlets, Velocity, Ant),
C#/.NET, C, C++, Objective-C, Perl, Ruby, PHP, VBA, Tcl/Tk, JavaScript, HTML, CSS, XML, XSLT,
Flash MX ActionScript, PostScript, A+, K, Scheme, LISP, FORTRAN, APL2
Databases Sybase, MySQL, PostgreSQL, Oracle, MS SQL Server
Operating Systems UNIX, Linux, Windows NT/2K/XP, MacOS, VAX/VMS
Education
The Johns Hopkins University, Applied Physics Laboratories, Columbia Maryland, M.S. Electrical
Engineering, December 1985
The Johns Hopkins University, Baltimore, Maryland, B.E.S. Biomedical Engineering, January, 1983
Stuyvesant High School, New York City, June, 1978
Full Time Experience
September, 2006 Present
Bear, Stearns, & Co., Inc.
Senior Managing Director Head of Global Portfolio Trading Technology, Chief Architect
for Global Cash Equities
Responsible for the transformation of an 8 year old US-centric, cash equities, and agency-only portfolio trading
system to become fully global, multi-asset class, and capable of principal trading. Decommissioned legacy
applications for international portfolio trading. Spearheaded the design and implementation of the Sky Frameworks
for high bandwidth computing. Designed and managed the implementation of the first Equities real-time Global
Position System (GPS) at Bear Stearns using the Sky Frameworks as the starting point of a new global risk
decomposition and portfolio optimization platform. Architected the next generation portfolio trading platform to
support all agency, principal, and proprietary activities across regions. Focusing on stabilization and enhancement
of the current platform in the face of quadrupled volumes over the past year. Rationalized all processes surrounding
the central Equities security master, including centralization of all workflows, intelligent exception reporting, and
automatic overrides. Chaired the Architectural Review Board to start the process of rationalizing all technology
efforts across Equities. Put in place tools to support distributed agile development (e.g. Wiki, Subversion,
CruiseControl). Took advantage of the changes required for Reg NMS and MiFID to help usher in a new target
architecture for Equities, including a single OMS, strategy platform, internal marketplace, smart order router,
crossing engine, market data platform, compliance platform, etc., leading to the decommission of redundant legacy
systems. This transformation is nearly complete in the US and is proceding in other regions. Implemented a proof-
of-concept project to produce a black box monitoring tool utilizing GPS clock signals to measure local and global
latencies to sub-millisecond accuracy, suitable for real-time monitoring and performance tuning. Participated in
numerous technology due diligence efforts on external companies and products to support investment and purchase
decisions.
January, 2005 September, 2006
UBS
Executive Director - Head of Program Trading Development, Head of Single Stock
Development, US Cash Equities Architect
Focused on revamping the technology platform for increased performance, capacity, stability, and flexibility.
Program Trading support team size reduced from 8 to 1. Completed rewrite of Tetris, the US Cash Equities real-
time risk and position monitoring system in order to increase capacity and throughput, replace legacy technologies,
add more flexible and dynamic visualization options, and to allow integration of real-time risk from the Derivatives
area. Implemented Typhon, a high performance message aqueduct that receives drop copies of order flow from all
US systems allowing distribution of filtered subsets to downstream systems in order to achieve a single reliable
source for: position monitoring; risk management; credit limit checking; surveillance systems; execution flow to
middle and back office; regulatory reporting. Adopted and started the redesign of large portions of the LOD/Aries
market making system acquired from Schwab Capital Markets, which does over 1 million trades per day.
Responsible for revamping Program Trading's high performance market links and market data infrastructure to allow
expansion to other groups. Spearheaded a cultural change in the developer community to achieve global
collaboration between projects, businesses, and divisions, service oriented architecture, test driven development, and
design for supportability. Design and implementation of the Spice Frameworks, a set of modules for high bandwidth
computing and interoperability between Java, C#, C++, and Perl. SpiceCollections vastly reduces issues of garbage
collection in Java and C#. SpiceIO provides a high performance and deterministic threading model as well as
multiplexed asynchronous IO. SpiceComms provides low latency/high throughput multi-language, multi-channel,
multi-version protocols. SpiceData provides a real-time stream processing framework that facilitiates real-time
OLAP, reporting and aggregation, and other transforms. The Spice project is being run as an internal "open source"
project to promote adoption and growth of the frameworks. Spice has been adopted across Cash Equities,
Derivatives, parts of Fixed Income, and most recently Prime Brokerage. Managed Cadre, a common C# GUI
framework that forms the basis for new front end applications being produced across Equities, Fixed Income, and
now Prime Brokerage. Cadre provides a service and plug-in oriented environment that allows for common
dashboards and diverse application interoperability. Worked with other group architects to build a global position
management system around the Spice frameworks. Participated in the design of Lingua, a common data definition
specification and process to facilitate unambiguous interoperability between systems. Initial implementations on top
of JMS and Spice comms complete. Member of Equities Technical Council. Voting member of the US Equities
Promotion Committee
August, 2003 December, 2004
Amaranth Group
Head of Software Development/Head of Statistical Arbitrage Technology
Rescued a failing technology effort at this rapidly growing hedge fund (from $4 billion under management and 125
employees in Greenwich and Toronto to $6.5 billion, 260 employees, and offices in London and Hong Kong in less
than a year). Over a 4 month period supervised a team of 35 developers and business analysts in the complete
replacement of front, middle, and back office infrastructure previously being provided by Paloma Partners.
Spearheaded the development of a new security master based around a bitemporal database model allowing full
auditability of database changes and the ability to understand the state of the securities universe as of any time in the
past or future. Put in place a streamlined development process including quality assurance at all phases (unit testing,
integration testing, regression testing, user acceptance testing), source code control, and a formal release process.
Evaluated a range of middleware solutions - selected and deployed a hybrid solution of TIBCO Rendezvous, TIBCO
EMS, and a custom high performance system capable of delivering 200,000 messages/sec to automated trading
systems. Rearchitected a FIX-based automated execution platform to achieve a 700 fold improvement in
performance. Personally designed and implemented a primitive based replacement for the Java and C# collections
classes that realizes a 50,000 fold improvement in garbage collection performance for large applications. Expanded
the group s capabilities from a pure Java and Windows environment by introducing, C#, .NET, C/C++, and Linux
and by providing training in the new technologies. Deployed a mix of short term tactical and long term strategic
solutions for the business.
September, 1999 May, 2003
WR Hambrecht + Co.
Managing Director
Head of Market Products group responsible for discovering and taking advantage of opportunities for leveraging
technology to differentiate this startup online investment bank. Responsible for all corporate software architecture
and development. Redesigned and implemented the core auction engine used for OpenIPO (IPO auction system) to
support a spectrum of new auction based systems including OpenBook (corporate bond issuance system),
OpenFollowOn (follow-on offering system), OpenBuyBack (stock repurchases), OpenBlock (block transactions),
and more. Adapted core auction technology to implement Freddie Mac s auctions for reference note issuance,
reopens, and repurchase operations (over $120 billion has been transacted using this auction system). Rearchitected
and implemented auction system servlet based web front end and achieved a 100 fold capacity increase (now
supports 20,000 users). The company was awarded the 2002 World Technology Award for Finance by the World
Technology Network for our auction technologies. Prototyped a Flash MX auction front end with XML/XSLT
servlet back end. Invented and implemented a low-cost, high-performance, and completely deterministic local and
wide area transaction replication architecture. Designed and implemented a sophisticated scenario analysis
infrastructure and front-end used to analyze complex deals. Architected and started implementation of a highly
optimized real-time automated trading infrastructure, including real-time messaging infrastructure, a tickerplant, and
a feed handler for the S&P Comstock feed. Performed extensive research and prototyping of call auction and
crossing network systems.
December, 1994 August, 1999
Thinkbank, Inc.
Managing Director/Cofounder
Cofounded this custom software and consulting company specializing in assisting clients with hard unsolved
problems. Designed and led the implementation of the OpenIPO web-based auction system for WR Hambrecht +
Co in Java using Sun's Java Web Server (servlets), RMI, JDBC, and Sybase. Codesigned and implemented a Java
based tickerplant and line reader for Bridge market data and news for Xigo (formerly BrokerBot). Performed
assessment of a wide range of new technologies for UniversityVentures, Venture Vortex, Hambrecht and Quist, US
Venture Partners, and other venture capital firms in order to guide investment decisions. On retainer with several
venture capital firms to perform technical evaluations of business plans, engineering teams, and to provide technical
guidance. Designed and built an engine for communicating using FIX (versions 3.0, 4.0, and 4.1) which is being
used by several applications including an automated basket trading system. Rearchitected and ported an automated
equities execution engine for an executing broker which routinely processes 8% to 12% of the daily NYSE volume.
Independently designed and implemented the FAME Relational Gateway (FRG), a Sybase Open Server front end to
FAME time series databases including a SQL parser and an optimizing object-relational query engine. Implemented
pieces of the automated intelligent scheduling infrastructure for NASA's highly successful Deep Space 1 (DS-1)
probe. Worked on the architecture and implementation of SchedKit, an intelligent scheduling toolkit built as part of
a phase II NASA SBIR. Participated in the implementation of a high performance and convenient platform for
network interprocess communication (versions in C, C++, Java, Perl5). It allows for rapid prototyping and
deployment of new protocols, is completely asynchronous, and provides support for encrypted and compressed
message oriented streams. Worked on the infrastructure for the next generation of Thinkbank's Bayesian Problem-
Solver (BPS) a decision theoretic search and optimization system which many experts feel may breathe new life into
the field of Artificial Intelligence. Served on the Program Committee for the 10th Annual Technical Conference on
the X Window System. Built an assembler for the Java Virtual Machine (JVM). Developed an array oriented
language as an alternative to the Java language. Completed a photorealistic rendering engine (RenderMan
compliant) in Java suitable for distributed execution around the web. Worked on a musical composition system
based around L-systems and finite automata.
July, 1991 - December, 1994
Moore Capital Management Inc./Investment Management Services Inc.
Director of Technology
Responsible for all technological matters for a 24 hour hedge fund with over $8 billion under management.
Reimplemented a wide area network of Sun SPARCstations using Cisco routers to connect sites around New York
City, Connecticut, the Bahamas, London, Ireland, Paris, and Zimbabwe. Inherited software from FD Consulting to
collect and distribute market data but replaced all of it with custom software in order to satisfy research staff's
ambitious requirements. Designed and coded with 1 other programmer what is believed to be the industry's highest
performance tickerplant running on inexpensive equipment. The tickerplant maintains complete time and sales and
retains history for any number of days. Line readers were completed for Reuters MarketFeed 2000, Reuters Select
Feed and Select Feed Plus, Telerate Digital Page Feed (TDPF certification from Telerate), Market News Feed,
Associated Press, and the Knight-Ridder Digital Data Feed. The tickerplant ties into proprietary Sybase and FAME
databases to provide long term interval data storage. A proprietary asynchronous network procedure call system was
developed to implement client/server communications. Led team of 10 programmers in design and implementation
of custom widgets for trading and research applications under X Windows (X11R5/X11R6) using the Xt Intrinsics.
These support: display of Reuters, Telerate and Knight-Ridder pages; display of market quotes (a la CQG or
Quotron); charting applications; scrolling news; order entry; and position management. Personally developed an
innovative 3D graphics widget which provides real-time access to market data and proprietary studies. Provided
research department with a Dyalog APL based environment for running simulations and for rapidly prototyping
algorithms for systematic trading. Designed and implemented a proprietary object and array oriented language to
replace APL in order to suit our research staff's unique needs. Products have been commercialized to compete with
vendors like Tibco, Reuters, Bridge, Market Vision, etc...
July, 1988 - June, 1991
Morgan Stanley & Company, Inc., Analytical Proprietary Trading
Senior Staff Engineer
Member of Technology Group responsible for implementation of real-time automated trading and research
environments on a large network of Sun, Solbourne, Silicon Graphics and IBM workstations and servers. Provided a
graphical user interface framework for application conferencing upon which all new trading applications were being
constructed. Independently designed and implemented a fully programmable hierarchical graphics system which
runs under Sunview and X11R4. Hardcopy is produced on PostScript and HPGL devices. Graphics system handles
full 3-D and real-time and was faster than any commercial product not running on special hardware. Designed and
constructed a parser and execution engine for an internal implementation of an APL-like language, now famous as
`A+' and available as an open-source product. This interpreter was the implementation vehicle for all new trader
workstation applications. Provided assorted utilities for the interpreter: ability to dynamically load C modules into
the interpreter at run-time; C structure access from APL; APL interface to X-Windows, Xt Intrinsics, OSF/Motif
widget set; high level graphics interface for researchers and traders; interface to Sybase from APL; formatted output
package. Provided special purpose widgets for interacting quickly with very large databases. Optimized and
enhanced existing tickerplant software which is the heart of the trading operation. The tickerplants are real-time
databases for global market data and for data generated internally by analytics including an expert system.
December, 1986 - July, 1988
Market Vision
Senior Software Engineer
Project Manager for the MVLINK system which provides an efficient mechanism for distributing real-time and
historical trading data throughout a network. Responsible for the original design. Supervised 5 engineers in the
UNIX implementation. Extensively used System V interprocess communications and TCP/IP network
communications. MVLINK was implemented and demonstrated on an IBM RT under AIX, and IBM AT under
XENIX, a SUN Microsystems 3/160 under SUN OS4.3, and a microVAX GPX11 running ULTRIX 2.0. Software
ports in progress included Apollo and HP. Also designed and supervised the enhancement of Market Vision's
flagship product, MVCHARTIST a real-time system for color display of commodity trading data. Enhanced system
is a device independent window based system which allows multiple users to obtain graphical and tabular displays
of trading data and functions of trading data. Display formats are completely specified by the user. System operates
on the previously mentioned UNIX platforms using a METHEUS Omega series graphics processor.
July, 1986 - December, 1986
American Data Systems, Inc.
Director of Engineering
Designed and implemented a prototype system for automating the pre-press industry. Work was done on a
microVAX under VMS in FORTRAN and C and with Gould IP8500 and IP9000 image processing hardware.
System facilitates entire pre-press process including: scanning in of photographs; 2D Graphics; 3D texture mapping;
digital painting; contrast enhancement and color modification; text; linework; stencils; image warping (scaling,
rotation, bending, etc.); page layout; color extraction and correction; and production of half-tone negatives.
January, 1986 - July, 1986
United States Naval Academy, Computer Aided Design and Interactive Graphics
Computer Systems Specialist
Did work designing and implementing a language for solid modeling and animation of computer generated images.
System operates on a VAX 11/780 running Berkeley UNIX 4.2 utilizing an Evans and Sutherland PS300 and an
IKONAS frame buffer. Implementation includes development of high speed rendering techniques for three
dimensional shaded scenes with reflection, refraction, and shadows. Primary job responsibilities included instructing
midshipmen about advanced topics in computer aided engineering, image processing and computer graphics.
January, 1983 - January, 1986
Allied Bendix Environmental Systems Division
Engineer
Team member of the Bendix Algorithm Development Group generating hardware/software systems for interactive
and non-interactive pattern recognition and digital signal processing. Independently managed project with two
hundred thousand dollar budget and 5 engineers doing research into self-training pattern recognition algorithms.
Wrote several successful proposals in response to government requests. Supervised 7 engineers in an
implementation of algorithm software on a real-time microprocessor based system using MIL-STD-1679. Trained
in-house and government personnel on algorithm mathematics. Independently designed and implemented systems
for interactive signal processing and pattern recognition using extensive computer graphics. Personally responsible
for the design of several stand-alone minicomputer and microcomputer based data acquisition stations.
Consulting and Part Time Experience
September, 1990 - December, 1994
Gigadactyl, Inc.
Principal
Assisted Precision Visuals, Inc., in an effort to port the acclaimed front end to their PV~WAVE data visualization
software to X Windows (X11R5) using OSF/Motif. Developed a prototype text and image document management
system for a major New York law firm. Also served, by invitation, on the Program Committee for the 5th Annual
Technical Conference on the X Window System.
December, 1986 - February, 1988
Digital Constructs
Consultant
Served on an advisory team to Monarch Knitting Machinery Corp. in the evaluation of computer graphics
technology for the fabric design industry. Team specified hardware and software requirements to support the
development of a 3-D system for fabric design, manufacture, and distribution.
Publications
C. Ocheret, J. Hayes, The Xt Intrinsics as a General Purpose Application Development Platform,
USENIX Applications Development Symposium, April, 1994.
O. Hansson, J. Hayes, C. Ocheret, Old and New Ideas for Integrating Planning and Execution, NASA
Planning and Scheduling Workshop, Oxnard, California, October, 1997.
Professional Affiliations
Institute of Electrical and Electronics Engineers (IEEE), Computer Society
Association for Computing Machinery (ACM), SIGGRAPH
USENIX Association
Hobbies
Music Guitarist since age of 5; Piano/Keyboards; Drums, Electronics
Computer Animation 2D and 3D
Martial Arts Kung Fu (Tai Chi Chuan, Hsing I Chuan, Pakua Chang)
Inline skating
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