Founder @ Proprietary options trading firm From April 2013 to Present (2 years 9 months) Senior Advisor @ Hired by founding partners to build an innovative new online futures broker specializing in the execution of options on futures. Responsible for exchange relationships, strategic direction and day to day operations. Optionshop is a new kind of online futures broker specializing in the fast and efficient execution of options on futures. Optionshop’s goal is to give investors the tools and services they need to diversify their portfolios, gain efficient exposure to commodities and optimize risk and reward. Optionshop is expected to launch in September 2012. From January 2012 to Present (4 years) CEO @ Brought into RedSky Financial, LLC by the founding partners to develop a small, privately held investment technology company into a high-growth player in the multi-asset, high-speed trading market space. Focused direction towards institutional, proprietary and hedge fund clients. Sought out, investigated and negotiated strategic partnerships.
• Successfully negotiated term sheets with Texas Pacific Group and Norwest Venture Partners.
• Expanded business plan resulted in 100% revenue growth per year over 4 years.
• Spearheaded acquisition of RedSky by ITG, which closed on Aug 1, 2007. From 2007 to August 2011 (4 years) CEO @ From 2006 to 2007 (1 year) CEO @ Demonstrated leadership and diplomacy in bringing organizations and individuals with disparate objectives together for a single purpose. Successfully negotiated MOU between Nasdaq and LIFFE and obtained regulatory approval from the CFTC to create a designated contract market.
• Coordinated all work streams for the creation of the exchange; including new technologies, selection of regulator and clearing house, implementation of operating procedures, third-party vendor relationships, and marketing of the product.
• Recruited, evaluated and mentored staff.
• Represented company as public speaker at numerous industry conferences and press interviews.
• Served on the CFTC Technology Advisory Committee. From 1999 to 2004 (5 years) Managing Director @ Initially hired to build and develop a new Futures Group. Held full responsibility for staffing, marketing and business operations. Implemented marketing strategies, daily procedures, and long-term plans. Worked closely with Exchanges to set up clearing process. Motivated staff and managed risk resulting in consistent net profits.
• Promoted to manage European and Domestic Operations with more the 70 employees.
• Member of Chicago Board of Trade and the Chicago Mercantile Exchange and participated on the FCM Committees. From 1990 to 1999 (9 years) Bond Options Broker @ Recommended options trading strategies and executed trades for institutional clients.
• Expanded investment alternatives by formulating institutional risk reduction strategies for fixed income portfolios.
• Evaluated covered writing strategies with house traders and bond portfolio managers.
• Assessed implied volatility against historical volatility, and implemented trades in Deutsche Marks, British Pounds, Yen and Swiss Francs. From 1985 to 1990 (5 years)
MBA, Finance @ The University of Chicago Booth School of Business From 1987 to 1989 BA, Economics @ Harvard University From 1980 to 1984 Msgr Farrell Bob Fitzsimmons is skilled in: Equities, Trading, Electronic Trading, Investment Banking, Project Management, Options, Equity Trading, Relationship Management, Hedge Funds, Investments, Asset Managment, Loans, Vendor Management, Consulting, Derivatives
Websites:
http://www.optionshop.com/