Bernard S. Donefer
Principal
 Bernard Donefer’s
lengthy career in the financial services industry included work
with banks, securities firms and exchanges in the US, Europe and
Asia where he held senior management positions including the
presidency of two international financial software firms. He is Associate Director of
the Subotnick Financial Services Center at the Zicklin School at
Baruch College, where he is a Distinguished Lecturer. In
addition to his work at Baruch, he is Adjunct Associate
Professor at the NYU Stern Graduate Business School and Fellow of
the Center for Digital Economy Research. He
volunteers with Sponsors for Economic Opportunity (SEO) in
development and training.
At Fidelity Investments in Boston, as
head of Capital Markets Systems, he implemented 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.
Consulting clients include US
and foreign stock exchanges, asset managers, international banks and
major global securities firms.
Prof. Donefer has consulted and
appeared as an expert in intellectual property and software patent
cases.
His Risk
Management for Non-QuantsSM and
Capital Markets BootCampSM public programs have been
oversubscribed and are currently presented in New York, London,
Boston and Chicago. Custom versions of both seminars have been given
to corporate clients in the U.S., Canada and the U.K.
A frequent industry speaker
and commentator, Prof. Donefer chaired and moderated panels at algo and hedge trading conferences on the
challenges, risks and opportunities of electronic trading in global markets. He has been
quoted in the New York Times, by Reuters in
both print and TV, BBC World Service, Investors
Business Daily , Nikkei
CNBC in Japan, among
others. His paper
“Algos Gone Wild” will appear in the Spring 2010 issue of the Journal of
Trading.
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