Chief Information Officer of Fenics @ BGC Partners
Managing Director @ Bank of America
Executive Vice President, Global Head of Operations, Services, and Technology @ Knight Capital Group
Managing Director @ From August 2013 to Present (2 years 5 months) Executive Vice President, Global Head of Operations, Services, and Technology @ Responsible for global oversight, strategy, purchasing, and implementation of technology, electronic services, operations, and facilities. Direct responsibility for management of 475 professionals with a budget of over $100 million. An integral member of the
Managing Director @ From August 2013 to Present (2 years 5 months) Executive Vice President, Global Head of Operations, Services, and Technology @ Responsible for global oversight, strategy, purchasing, and implementation of technology, electronic services, operations, and facilities. Direct responsibility for management of 475 professionals with a budget of over $100 million. An integral member of the Executive Committee and a Section 16 Executive Officer. Currently serving on the advisory board for Corvil Ltd., on the Technology/Operations Customer Advisory Board for Thomson Reuters, as a board member of Direct Edge Holdings LLC, as a board member of Pico Quantitative Trading LLC, and as a member of the SIFMA Operations & Technology Steering Committee. Recent external recognition includes being named #43 on the 2012 Institutional Investor Tech 50 list, as one of the 10 most influential CIOs by Securities Technology Monitor in 2010, the American Financial Technology Award in 2010 for Best Global Deployment, and in 2011 Knight ranked 14th on the InformationWeek 500 for the second year in a row and was the leading company in the Banking & Financial Services industry.
Developed a proven track record across the various cycles of organizations including cost cutting, minimizing maintenance spend, optimizing business alignment, building top tier teams, building best-in-class systems, and building technology focused businesses. Established a reputation as a dependable and responsible individual who is accountable for all aspects of projects including budget oversight, strategic decision making (i.e., purchase, outsource, or build), staffing, planning, architecture, scheduling, implementation, and support as well as interfacing with internal and external users and senior management from Trading, Sales, Research, Finance, Operations, Risk, Legal, and Compliance.
During my tenure, I have played an instrumental role in helping transform Knight into a technology driven company that has differentiated itself by constantly applying innovative thinking and sophisticated technologies. From April 2002 to March 2013 (11 years) Chief Technology Officer @ Responsible for global oversight, strategy, purchasing, and implementation of technology for BondBook - an electronic platform that was created by the 8 of the world’s largest broker dealers (Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch, Morgan Stanley, Salomon Smith Barney, and UBS Warburg) to reduce market fragmentation, improve liquidity, increase price confidence, and drive growth, interconnectivity, and standards in the bond market by creating a centralized anonymous exchange like marketplace open to all institutional participants.
Assuming a leadership role, by leveraging extensive hands-on technical and business knowledge and experience, immediately produced integral contributions for all key aspects in the life cycle of incubating a business from scratch. Effectively and efficiently using resources in a demanding market environment, aggressive expectations were exceeded on all critical technology objectives. Developed a proven capability to constantly deliver reliable product enhancements, based on client feedback, to the platform on a timely basis. From May 2000 to December 2001 (1 year 8 months) Director @ Global Liquidity/Credit Technology Manager (1998 – 2000) - NY, NY
Responsible for the technology for the Liquidity and Credit divisions that included the following businesses: Sovereign Debt, OTC Options, Repo, High Grade and High Yield Credit, Emerging Markets, Municipals, Bank Loans, Money Markets, Financial Futures & Options. Also responsible for all of Merrill’s in-house development on the Bloomberg platform (research, mortgages, trading, and risk management). Direct responsibility for management of 140 professionals with a budget of $50 million. Recent highlights included a focus on electronic trading (i.e., BrokerTec, TradeWeb), managing key vendor relationships (i.e., Bloomberg, GMI) & representing technology for new product approval.
Senior Technology Manager (1997 – 1998) - Tokyo, Japan
Merrill Lynch Japan had approximately 1000 people and I was one of the three individuals on the technology management committee that was chartered with running the department of 140 staff and a budget of $35 million. Direct responsibility for management of 50 professionals with a budget of $15 million. This included application development and support for Debt, Equity, Derivative Markets, Risk Management, Business Unit Finance, and Human Resources as well as managing the infrastructure and support for Windows NT (1000 boxes), Unix (400 boxes), Sybase (60 servers), and for Business Resumption.
Debt and Derivatives Technology Manager (1995 - 1997) - Tokyo, Japan
Responsible for the technology in Japan for fixed income and derivatives, including the following businesses: Government and Corporate Bonds, Futures, Options, Repo, SWAPS, Structured Products, FX, and Equity Derivatives. Built a technology team that developed a real time object oriented trading system that was used in both Japan and London as the primary tool for position and risk management. Also, managed the development of WEB based trading and sales applications using JAVA and HTML. From May 1995 to April 2000 (5 years) Vice President @ Project Manager – Governments/Corporates (1994 - 1995)
Managed 14 professionals enhancing and supporting Lehman's front-end system used globally for trading US government securities. Along with providing a "ticketless" environment, this real time system was the primary tool used for position and risk management. Also managed the development of an object-oriented system to provide a "ticketless" environment for Corporate and Syndicate securities. Active member of the Technical Coordination Group's Application Committee that was responsible for setting company-wide strategy and standards for application development and deployment.
Project Manager – Money Market Systems (1992 – 1994)
Managed 16 professionals providing state of the art front office automation for 200 users worldwide. Major systems include real time position tracking and a "ticketless" environment for CP, CDs, BAs, MTNs (fixed and floating rate), Auction Rate Securities, Financing, P&L, a mainframe link, 3 autonote links, displaying selected offerings to 18 customers, Overnight Government Repo information, and credit information about CP issuers.
Project Leader - Customer Offering (1991 - 1992)
Hired, lead, and supervised a team of 4 programmers who designed and built a client/server system to display real-time Money Market offerings to customers. In recognition of developing and installing the system with the first customer in less than 4 months, the team won a quality service award. Installed, resolved co-existence issues, and integrated it into 12 customers' computing environments including SUN, Microsoft Windows, and VAX/VMS.
Project Leader – Trade Analysis (1990 - 1991)
Supervised the technical efforts of a 5 person team enhancing and maintaining a large Unix based application that is used to track, maintain, and report the P&L for all of the firm's business units. From October 1990 to April 1995 (4 years 7 months) Engineering Research Assistant @ Applied and implemented techniques from the fields of digital signal processing, pattern recognition, neural networks, software design, and speech perception towards the development of an auditory-perceptual model for speech recognition. Co-authored seven papers/conference presentations. Purchased, installed, maintained, and managed a network of 6 VAX computers along with a microwave link for data communications. From June 1985 to September 1990 (5 years 4 months)
D.Sc., Computer Science @ Washington University in St. Louis From 1987 to 1990 M.S., Electrical Engineering @ Washington University in St. Louis From 1985 to 1987 B.S., Computer Science @ Washington University in St. Louis From 1981 to 1985 Beverly Hills High School From 1977 to 1981 Steven Sadoff is skilled in: Strategy, Trading Systems, Equities, Fixed Income, Electronic Trading, Trading, Market Data, Software Engineering, Options, Securities, Management, Risk Management, SDLC, Capital Markets, Derivatives
Looking for a different
Get an email address for anyone on LinkedIn with the ContactOut Chrome extension