We provide expertise in the international capital markets, market micro-structure, electronic and high frequency (algorithmic) trading, blockchain and crypto-currencies and cyber-security.
Bernard S. Donefer
Bernard Donefer's career in financial services and technology included work with banks, securities firms and exchanges in the US, Europe and Asia. He is Adjunct Associate Professor at the NYU Stern Graduate Business School. At Stern since 2004, Prof. Donefer teaches Financial Information Systems and Risk Management in IT and co-teaches FinTech Risk Management in the MBA program. He retired as Distinguished Lecturer and Associate Director of the Wasserman Trading Floor, Subotnick Financial Services Center at the Zicklin Business School at Baruch College, City University of New York. He holds an MBA in Finance from Stern.
Previously, as SVP and head of Capital Markets Systems at Fidelity Investments in Boston, he implemented one of the industry's first fully electronic 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, proprietary real time VaR based credit and market risk management system.
Prior positions included EVP/CIO of Dai Ichi Kangyo Bank (now Mizuho) where he was responsible for their operational recovery after the 1993 World Trade Center bombing and presidencies of both Bankers Trust Financial Services Information Systems and CAP Information Systems, international software and services businesses and consulting manager, financial services technology at Coopers & Lybrand.
As an expert witness in financial services practices, software patents, fraud cases and cryptocurrencies, he has testified in federal court, SEC hearings and FINRA arbitrations. Clients have included Alston & Bird, Baker Hostetler, Morrison Forester, Sidley Austin, Skadden Arps, Wilson Sonsini, Winston & Strawn and other AmLaw 100 firms.
He volunteered with Sponsors for Educational Opportunity (SEO) in development and training. He has acted as a volunteer advisor or board member to St. Luke's Chamber Ensemble, Boston's Artists for Humanity, Poets in the Schools, Volunteers for the Arts and the Volunteer Urban Consulting Group.
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. See Press and Speaking for examples.
Algos Gone Wild, Journal Of Trading, Spring 2010
No Such Thing as HFT, Tabb Forum, August 24, 2010
High Speed Trading Is Progress Not Piracy, Bloomberg View, April 12, 2012