Manager Management
Resume:
William S Menden
Tinley Park, IL 60477 *******@********.*** www.linkedin.com/in/wmenden
Summary
Financial Industry Professional with 20+ years of experience, expertise in all aspects of derivative trading with particular expertise in equity and index option trading. Astutely and preemptively identifies macro and micro trends through market data analysis. Excellent team player with proven track record of increasing revenue well suited to business analytics, financial analytics, and risk analytics roles.
Education
MS, Analytics, University of Chicago, Chicago, IL 2016
Capstone Project: Competitive Analysis through price elasticity models and VAR
BS, Finance, DePaul University, Chicago, IL 1990
Experience
IMM Execution Services, Chicago, IL 2012 –2013
Proprietary Trader / Operations Manager
Hedged portfolio using equity and equity index options maintained desired risk parameters set forth by partners.
Presented analysis supporting all potential investments to managing partner, executed trade(s) to established selected position(s).
Maintained proprietary/agency records, ensuring FINRA WORM compliance.
Generated P&L, commission, and risk reports as well as balanced stock and option positions, daily.
Avatar Trading, Chicago, IL 2011 –2012
Equity / ETF/ Equity Option Trader
Captured perceived price discrepancies occurring due to market open and close equity order imbalances through strategic placement of limit orders.
Developed and built equity trading model, through analysis of daily equity price movements, applied to take advantage of mispricing.
Leveraged option trading experience in development of equity trading strategies.
Riverbank Capital Management, Chicago, IL 2010
Proprietary Equity Option Trader
Established equity option positions based on indications from model to capture market edge. Built proprietary option pricing model integrating volatility surface model allowing for quick and accurate volatility updates.
G-Bar Limited Partnership, Chicago, IL 2009 –2010
Proprietary Equity Option Trader
Traded proprietary option pricing model. Analyzed volatility surface to identify opportunities employing an option calendar spread trading strategy to capture market edge.
Riverbank Capital Management, Chicago, IL 2007 –2009
Proprietary Equity Option Trader
Used firm’s proprietary software to analyze option order flow and capture visible discrepancies within option market. Responded to need for better option analytics, developed proprietary option price model.
Employed various spread strategies to capture edge in option markets and standard deviation based premium selling strategy for income generation.
PFTC Trading, Chicago, IL 2004 –2007
Equity Option Market Maker
Executed trades using proprietary system and relayed pertinent information to risk manager. Reconciled P&L and positions known within firm’s internal system to clearing firm. Ensured pricing of proprietary model with respect to posted NBBO markets.
Tahoe Trading LLC, Chicago, IL 2000 –2004
Equity / Equity index Option Market Maker
Managed option book of 100K+ contracts as CBOE market maker in equity and index options. Analyzed macroeconomic and microeconomic events; determined optimal hedging strategies.
Averaged a 33% monthly return on capital from 2000 through 2003.
Made all hedging decisions associated with option positions by analyzing macroeconomic and microeconomic events and determined optimal hedging strategies. Reconciled P&L, stock and option positions, daily.
Kessler Asher LLC, Chicago, IL 1996 –1999
Designated Primary Market Maker (DPM) Equity Options / Structured Products
Designated as primary market maker in 50 equity option classes. Served as secondary DPM for all interest rate products traded on the CBOE.
Maintained orderly markets in all structured products traded by Kessler Asher.
Conducted pricing analysis in equity options and structured products.
Certifications & Licensure
FINRA - Series 56
Technical Summary
C# (.net)
Java
Python
R
SAS
SQL
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