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Steve Furst

Steve Furst

Branch Manager

Followers of Steve Furst720 followers
location of Steve FurstCorte Madera, California, United States

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  • Timeline

  • About me

    Semi Retired

  • Education

    • University of Chicago

      -
      B.A. Economics

  • Experience

    • Swiss Bank/O' Connor & Associates

      Apr 1991 - Sept 1996
      Branch Manager

      ★ Managed a ten person operation while performing the duties of senior trader. ★ Completed O' Connor training program which studied derivatives in equities, convertible bonds, currencies, bonds, FX, swaps, and indices.

    • Wolverine Trading

      Jan 2000 - Jun 2004
      Interest Rate and Equity Options Trader and Manager

      * Managed Eurodollar Options Division from January 2003-June 2004. Transitioned a team that was losing money into a multi-million dollar business.* Promoted to co-global risk manager for equity options in 2002 while marketmaking electronically on the International Securities Exchange.* Recruited, trained, and mentored traders.

    • Thomas Weisel Partners

      Jun 2004 - Jun 2006
      Convertible Bond Sales Trader

      * Identified opportunities in the convertible marketplace, marketed ideas to clients, executed trades in an illiquid OTC market, and managed risk of positions.

    • PEAK6

      Jul 2008 - Mar 2011
      Equity Options Trader and Manager

      * Consistently had one of highest returns on capital at a volatility forecasting firm.* Managed a group of four traders while trading own equity options portfolio.

    • Orca Capital Management, LLC

      Jun 2011 - Feb 2013
      Co-Founder and Managing Partner

      * Co-founded, traded for, and risk managed an equity options volatility forecasting hedge fund.* Ensured operational integrity by coordinating with clearing firm, exchanges, third party software developers, administrator, legal and compliance team, tax preparers, and auditors.* Raised capital by marketing strategy to investors and cultivated investor relationships.

    • Walleye Trading Advisors

      Sept 2012 - Aug 2016
      Equity Options Trader and Manager

      * Managed a group of six volatility arbitrage traders while trading my own equity options portfolio.* Risk managed individual and group portfolios.* Designed trading analytics and risk management tools to optimize strategies for our team.

    • Cutler Group, LP

      Dec 2016 - Feb 2022

      Trader (June 2019-Feb 2022): * Equity options market-maker in 100 high volatility stocks on multiple exchanges. Trade mostly tech, retail, and alt energy, and focus on event-driven situations such as earnings and analyst meetings. * Innovate ways to enhance market-making systems.Risk Manager (December 2016-June 2019):* Overhauled risk rules for a firm that trades ETF and single stock options.* Monitored all trading activity at the firm, enforced risk limits for every trader, and recommended profitable trading strategies to traders. Show less

      • Managing Partner

        Jan 2021 - Feb 2022

      • Trading Manager

        Apr 2020 - Feb 2022

      • Risk Manager/Trader

        Dec 2016 - Apr 2020

    • Traveling Fool

      Feb 2022 - now
      Semi Retired

      Left world of finance to travel the world and give back to community. Currently volunteering for Redwood Empire Food Bank and member of Rotary Club of Sonoma Valley.

  • Licenses & Certifications