Background

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 Business School at Baruch College, City University of NY, where he is a Distinguished Lecturer.  He is also Adjunct Associate Professor at the NYU Stern Graduate Business School and Fellow of their Center for Digital Economy Research.  He volunteers with Sponsors for Educational 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-Quants^SM and Capital Markets BootCamp^SM 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”  appeared in the Spring 2010 issue of the Journal of Trading.