Summary
Overview
Work History
Education
Skills
Timeline
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Michael DeFonso

Tampa,FL

Summary

Exceptional analytical ability with expertise in derivative trading, market structure and financial risk management. Achieved substantial financial profits through diverse technological and volatility eras using quantitative and qualitative analysis. Directed small trading company using concise communication, collaborative teamwork, and distinguished work ethic. Adept at manipulating numbers in skillful manner for effectual results.

Passed SIE exam, Jan 2022

Overview

24
24
years of professional experience

Work History

Personal and Family Financial Management

Self
01.2019 - Current
  • Enhancing financial results of family accounts pegged to S&P 500 using ETFs, options, futures identifying low-risk strategies using technical analysis
  • Capitalize on preferred stock mispricing using spreadsheets for highlighting differences based on perceived risk, return of high-yielding asset classes

MANAGING PARTNER

MDF TRADING LLC
08.2015 - 01.2018
  • Funded and co-founded financially successful S&P500 pit trading operation on CBOE/CME floors
  • Piloted ten-person team by compiling quantitative research, qualitative risk assessments, PNL analysis, and market-making efforts across multiple exchanges
  • Performed back office operations such as maintaining records, risk controls, accounting, tracking compliance, ensuring SPAN, Basel II, and regulatory rules were observed.

VIX FLOOR TRADER

SUMO TRADING LLC
02.2011 - 08.2015
  • Constructed proprietary market-maker operation in Volatility Index (VIX) pit on CBOE floor, yielding $3.5 million dollar gross profit
  • Utilized six different volatility products across three different trading interfaces to greatly enhance financial results
  • Established floor presence and effectively managed all aspects of sole proprietorship including accounting, strict risk management thresholds and scrutinizing PNL

SENIOR DERIVATIVE TRADER

GROUP ONE TRADING
08.1999 - 04.2010
  • Initiated derivatives trading career as member of Pacific Coast Exchange in San Francisco upon completion of Chicago training.
  • Broadcasted equity and index derivative markets in over 200 stocks/indices to the public on the hybrid CBOE floor, trading in both open outcry and systematic environments.
  • Specialized in option market-making for financials during the GFC, often trading 35k+ contracts daily, as CBOE set records for trading volume.
  • Conducted joint strategic discussions on maximizing option volume and profits via CBOE’s e-auctioning mechanisms for price-improvement, crossed orders and participation rights, to insure my firm received most order flow as possible.
  • Facilitated roundtable discussions on current trading environments that developed and improved proprietary software used in our trading platform, leading to implementation of firm-wide initiatives.
  • Collaborated with Co-Head of training program to devise comprehensive training outline detailing option basics and theory and mock trading evaluations, which trainers in San Francisco, Philadelphia and New York utilized to train trainees.
  • Trained all of Group One’s Chicago recruits for 5 years ensuring trainees achieved goal of Associate Trader, then mentored assigned AT’s bolstering their early income production via trading and risk approach.

Education

BBA - Finance And Business Administration

University of Notre Dame
Notre Dame, IN

Skills

  • Quantitative and Qualitative analysis, Risk management, investment hedging
  • Liaising between software developers and trading staff, concise communication, collaboration, teamwork, Creative problem-solving, mathematics, research

Timeline

Personal and Family Financial Management

Self
01.2019 - Current

MANAGING PARTNER

MDF TRADING LLC
08.2015 - 01.2018

VIX FLOOR TRADER

SUMO TRADING LLC
02.2011 - 08.2015

SENIOR DERIVATIVE TRADER

GROUP ONE TRADING
08.1999 - 04.2010

BBA - Finance And Business Administration

University of Notre Dame

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Michael DeFonso