Bernard S. Donefer

Bernard Donefer enjoyed a 35-year career as executive and consultant in the international financial services industry, working with banks, securities firms, exchanges and regulators in the US, Europe and Asia. Beginning his teaching career in 2003, he is now Distinguished Lecturer and Associate Director of the Subotnick Financial Services Center at Baruch College, City University of NY and Adjunct Associate Professor at NYU's Stern Business School. He was previously Adjunct Assistant Professor at Fordham University.

Prof. Donefer is principal of Conatum Consulting LLC, teaching "Risk Management for Non-Quants", "Capital Markets Bootcamp" and the "New Equity Markets" at public seminars and to corporate clients such as the SEC, FRB, DTCC, IIROC, Alliance Bernstein, Getco, ITG, etc. in the US, Canada and Europe.

He has been an expert witness in financial services industry business practices, patent and fraud cases,successfully testifying in federal court, SEC hearings and FINRA arbitrations.

From 1996 through 2002, Prof. Donefer was SVP and Head of Capital Markets Systems at Fidelity Investments responsible for their equity, fixed-income, FX, market making systems, algo trading, client and marketplace connectivity and their proprietary, real time VaR based risk management system. Prior positions included EVP/CIO of Dai Ichi Kangyo Bank (now Mizuho) and President of Bankers Trust Financial Services Information Systems and CAP Information Systems, international software and services businesses.

A frequent industry commentator, Prof. Donefer chaired and moderated panels at algo, HFT and hedge fund conferences on the challenges, risks and opportunities of electronic trading in global markets. He has spoken at the Council on Foreign Relations in Washington DC, the NY Bar Association, SIAA/FISD, TradeTech, et al. He has been quoted in the NY Times, WSJ, Bloomberg, FT, IBD, Reuters print and TV, BBC World Service, Australian Public Radio, MIT Technology Review, Nikkei CNBC, the Atlantic, New Scientist, Wired, etc. His paper Algos Gone Wild appeared in the Spring 2010 Journal of Trading, There is No Such Thing as HFTon the Tabb Forum and High Speed Trading Is Progress, Not Piracy on Bloomberg View.

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