RYAN FERDERER
Parkland
Summary
Agency MBS Trading Executive with over 19 years advancing institutional mortgage trading operations. Expertise in developing in-house trading platforms, optimizing inventory management, and leveraging market intelligence to enhance liquidity and profitability for institutional clients.
Overview
1
1
Certification
21
21
years of professional experience
Work History
Senior Vice President | Agency MBS Trader
MULTI-BANK SECURITIES, INC.
Fort Lauderdale
08.2014 - Current
- Recruited to establish and lead the firm's first in-house Agency MBS trading platform, built the mortgage trading business from the ground up by developing trading strategies, expanding institutional and mortgage originator relationships, implementing inventory management processes, and delivering liquidity and execution across Agency MBS products.
- Act as a primary market maker in specified GNMA, FNMA, and TBA securities, leveraging real-time market intelligence, investor demand, and relative value analysis to provide competitive pricing, source liquidity, and execute transactions for mortgage originators, broker-dealers, and institutional investors.
- Optimize a $450 million Agency MBS inventory by combining TBA and Treasury hedging with specified pool relative value strategies, leveraging differences in collateral characteristics and prepayment behavior to offset risk, improve liquidity, and maximize trading profitability.
- Provide institutional clients and internal sales teams with actionable market intelligence, relative value analysis, trade ideas, and real-time pricing guidance to identify opportunities, optimize execution, and capitalize on changing market conditions.
- Advised mortgage originators on optimal pool stories, collateral composition, and delivery strategies, enhancing specified pool execution and maximizing investor demand.
- Developed and maintained long-standing relationships across mortgage market ecosystem, acting as a trusted resource for institutional investors, broker-dealers, and trading desks to facilitate execution and identify market opportunities.
- Partnered with operations, trade support, and settlements teams to identify and resolve trade discrepancies and allocation issues, ensuring timely execution and accurate trade processing.
Vice President | Agency MBS Trader
JEFFERIES FINANCIAL GROUP
New York
01.2010 - 01.2014
- Managed a multi-billion-dollar Agency MBS inventory, actively balancing risk, liquidity, and profitability through dynamic hedging, inventory optimization, and disciplined relative value positioning across varying market environments.
- Executed proprietary trading strategies across 15-, 20-, and 30-year Agency MBS, specified pools, TBAs, and U.S. Treasuries, leveraging relative value analysis, prepayment modeling, and market technicals to identify pricing inefficiencies, optimize hedging strategies, manage interest rate and spread risk, and maximize portfolio profitability.
- Conducted portfolio analytics, including carry projections, prepayment analysis, spread performance, allocation optimization, and relative value assessments to inform trading decisions and enhance portfolio returns.
- Cultivated relationships with institutional investors, broker-dealers, hedge funds, REITs, banks, and asset managers, delivering market intelligence, pricing, trade execution, and strategic investment ideas as a trusted advisor on Agency MBS opportunities.
- Collaborated with quantitative analysts and technology teams to design and enhance proprietary trading, pricing, and research platforms, boosting analytical capabilities and real-time decision-making for the trading desk.
Vice President | Money Center
U.S. Bancorp, N.A.
Los Angeles
01.2008 - 01.2010
- Co-managed a multi-billion-dollar institutional liquidity portfolio, investing in U.S. Treasuries, Commercial Paper, Eurodollar deposits, and Certificates of Deposit to optimize yield while preserving capital and maintaining liquidity for institutional, corporate, and high-net-worth clients.
- Developed customized cash management strategies that aligned clients' liquidity needs, risk tolerance, and return objectives across diversified fixed income portfolio.
- Built and maintained relationships with institutional and corporate clients through consultative presentations and portfolio reviews, delivering tailored investment solutions that fostered business growth and enhanced client retention.
Trading Assistant | Agency MBS Trading
Countrywide Financial Corporation
Calabasas
01.2006 - 01.2008
- Coordinated trade execution, trade entry, client and broker communications, and processed hundreds of institutional transactions for a team of six senior Agency MBS traders in a high-volume trading environment.
- Resolved trade discrepancies, facilitated timely settlements, sourced specified collateral, and ensured seamless execution throughout trade lifecycle in partnership with sales, allocations, operations, and broker-dealers.
- Collaborated with interdealer brokers and traders to maximize execution, reduce inventory risk, and preserve value during wind-down of multi-billion-dollar odd-lot mortgage portfolio after Bank of America's acquisition of Countrywide Financial.
- Bank of America, N.A.
Education
Bachelor of Business Administration - Finance
Minnesota State University, Moorhead
Moorhead, MN05-2005
Skills
- Agency MBS TBA Trading
- Specified Pool Trading
- Ginnie Mae
- Fannie Mae
- Freddie Mac
- Interest Rate Risk
- Best Execution
- Treasury Hedging
- Risk Management
- Secondary Marketing
- Institutional Sales
- Bloomberg
- Tradeweb
- Agile Trading Technologies
- Market Analytics
- Inventory management
Certification
- Series 7
- Series 63
Timeline
Senior Vice President | Agency MBS Trader
MULTI-BANK SECURITIES, INC.
08.2014 - Current
Vice President | Agency MBS Trader
JEFFERIES FINANCIAL GROUP
01.2010 - 01.2014
Vice President | Money Center
U.S. Bancorp, N.A.
01.2008 - 01.2010
Trading Assistant | Agency MBS Trading
Countrywide Financial Corporation
01.2006 - 01.2008
Bachelor of Business Administration - Finance
Minnesota State University, Moorhead