Manager Software
Resume:
DAN O’GRADY
**** ***** ******, ********, ** *****
**********@*****.***
EXECUTIVE PROFILE
Professional commodity trader specializing in algorithmic and option trading
Developed successfulstrategies for risk and hedge trading at energy companies
Proven origination and execution of ideas will bring success to future strategies and endeavors
EXPERIENCE
PROPRIETARY TRADER, Chicago, IL 2006 - 2018
Applied personal algorithms to exchange traded products at Hehmeyer Trading and Investments, O’Grady Trading LLC, Iowa Grain Company and Bell Trading. Models focused on short-term positions and arbitrage trades at the CME and ICE markets. Given market conditions, returns increased with model enhancements. Upgrades in software and hardware delivered execution improvement.
Co- owner of O’Grady Trading LLC where programmer developed software to meet personal design specifications for arbitrage trades. The software obtained direct market access to CME and ICE exchanges delivering a high-frequency advantage. Partner provided capital for preferred exchange rates and margin for a split of profit.
At Iowa Grain and Bell Trading managed up to 40 proprietary traders with strategies specialized in the agricultural and energy commodity markets. Trading strategies were daily, technical trades. Trading Technologies was the trading software engaged in the electronic markets. Profits increased approximately 50% with personal arbitrage models, exchange volume incentive programs and educating traders in technical trading techniques.
POWER ENERGY PARTNERS LLC, Chicago, IL 2009-2015
Co-Founder / Owner - Started PEP LLC, a crude oil marketing company,purchased North Dakota crude oil and transported via railcars to U.S. refineries. Originated idea and formed LLC with partner and obtained investors. Funded and managed PEP LLC which included sales, logistics and operations. Obtained railcar leases and trucking companies. Purchased North Dakota crude and sold to refineries mainly on East Coast for best margins. Operations processed sales receipts, interpreted tax laws and maintained contracts.
PSEG ENERGY, RESOURCES AND TRADE, Newark, NJ 2004 – 2005
Director - Managed PSEG power generation portfolio for fuel supplyand hedges.Supervised traders and coordinated overall risk in their oil and natural gas positions. Repositioned existing natural gas option book which improved results50%. Given fundamental market opinions, structured crude oil and natural gas option strategies for the firm whichreturned over $10 million. Originated and executed strategies over time using technical commodity price levels. Coordinated and priced deals with PSEG Marketing.
EXELON GENERATION, POWER TEAM, Kennett Square, PA 2002 – 2004
Senior Trader - Power Team was the risk and hedge trading arm for Exelon Generation. Researched, executed and managed positions in the energy markets for the risk trading group. Energy products structured in the strategies included forwards, futures and options in power, natural gas and crude products. Recommended and built strategies for the hedge group.
WILLIAMS ENERGY, MARKETING AND TRADING, Tulsa, OK 1999– 2002
Manager/ Senior Trader - Managed power trading desk that concentrated on the electricity and natural gas forward curves resulted in over $40 million profit for risk group. Option market maker for OTC power curves primarily in the Cinergy and PJM West hubs. Market maker forward power curves supporting Trade Spark partner at the time. Created hedge program for assets using energy options.Introduced and developed a real time risk analytic tool for the entire trade group. Generated risk analytical tool and volatility curves using Prime Analytics software. Analyzed and priced various client products for the Origination and Mid-Marketing groups.
COMPUTER SCIENCES CORPORATION, Chicago, IL 1998 - 1999
Senior Consultant -Redesigned critical business processes with the merger of Bank One and First Chicago. Designed, developed and implemented a monthly production schedule and software solution integrating their management reporting systems. Redesigned their critical business processes.
CHICAGO BOARD OF TRADE, Chicago, IL 1986– 1998
Independent Futures Broker and Trader - Successfully owned and operated pit brokerage business in volatile commodity markets while trading my own account. Hired and managed clerks to improve execution and trade checking process. Designed and implementedan efficient order execution process resulting in increased efficiency. Elected as Vice Chairman - night bond pit committee.
Credit Suisse First Boston, Vice President – Formulated and Executed NY Proprietary desk trades and managed Treasury Option desk. Knowledge of financial markets combined with trade ideas to solicit customer business produced 75% increase in gross revenue. Learned the needs of mortgage customers and recommended various Treasury option strategies to hedge their portfolios. Produced and delivered a daily newsletter focusing on technical analysis.
Iowa Grain, Manager – Improved the order flow process for NYMEX exchange orders with off the floor operation during the volatile energy markets of the Gulf War which increased returns. Efficiently reconciled all trade discrepancies in a timely manner prior to market opens, discussed markets and recommended trade ideas with customers, executed orders for firm and successfully traded personal account. Responsible for management and reconciliation of owners personal trading accounts.
EDUCATION
UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS, Chicago, IL 1995
M.B.A. with concentrations in Finance and Statistics
UNIVERSITY OF PHOENIX, 2005
M.S. Computer Information Systems
MARQUETTE UNIVERSITY, Milwaukee, WI 1986
B.A. Marketing
ROBERT MORRIS UNIVERSITY, Chicago, IL 1998 - 1999
Professor (Part Time) Project Management, Systems Analysis and Design, Software Testing
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