O'Connor

“So we were wholly owned by UBS, and we actually had prime brokerage kind of assets exposed at that point in time, and actually one of the somewhat controversial decisions I made was I pulled from a number of different prime brokers, but UBS was one of them.”

“They were actually a beta test site for Steve Jobs Next, because they were one of the first trading kind of franchises to really embrace technology and compute power.”

“We did, and to be candid, we attempted a management buyout at that moment in time, and we got close, but we were recovering too quickly as were financial markets. So the trader, me and my peers actually tried to extract ourselves at a good price, but ultimatel…”

“The interview question was, what's 49 times 28? And I say 1372. They say, Mets play the Yankees in the World Series. What are the chances the Mets win in four? I say one out of 16, they say you're hired.”

“O'Connor was one of the original trading shops The predecessors to the prop shops. Susquehanna and O'Connor were the two back then.”

“The second thing I learned was, at O'Connor, the core of the business was, Index options trade rich. People want to buy index options for protection. And single stock options trade cheap, because people long stocks and they sell call options against those stoc…”