Previously, at Fidelity Investments in Boston, as SVP and head of Capital Markets Systems, he implemented one of the industry's first straight through processing (STP) equity trading environments. He was also responsible for their algorithmic trading, fixed-income, foreign exchange, market making and mid-office systems, client and marketplace connectivity and their proprietary real time VaR based credit and market risk management system. 

Prof. Donefer is principal of Conatum Consulting, LLC , where his training clients include US and foreign regulators, markets, asset managers, international banks and major global securities firms.  Prof. Donefer has consulted and appeared as an expert in intellectual property and software patent cases.  His Risk Management for Non-Quants^SM and Capital Markets BootCamp^SM public programs have been oversubscribed and have been  presented in New York, Boston and Chicago. Custom versions of both seminars have been given to corporate clients in the U.S., Canada and the U.K., including the SEC, DTCC, IIROC and Federal Reserve Bank.  A frequent industry speaker and commentator, Prof. Donefer chaired and moderated panels at algo and hedge fund trading conferences on the challenges, risks and opportunities of electronic trading in global markets.  He has been quoted in the New York Times, Wall Street Journal, Bloomberg, by Reuters in both print and TV, BBC World Service, Investors Business Daily, Nikkei CNBC in Japan, Australian public radio, among others.  His paper  "Algos Gone Wild"  appeared in the Spring 2010 issue of the Journal of Trading.

• Distinguished Lecturer, Baruch College, Zicklin Graduate School of Business, City University of New York
  Associate Director, Subotnick Financial Services Center, Wasserman Trading Floor
• Formerly Adjunct Assistant Professor, Fordham Graduate School of Business

• Risk management
• Trading systems - high frequency, algorithmic, order management and routing  
• Financial markets microstructure

• B20.3350 Financial Information Systems FIS Syllabus
• B20.3351 Risk Management Systems  Risk Management Syllabus

2012

Markets Face Challenge Reopening After Sandy, NPR Marketplace, October 30, 2012
Kill Switches May Be Too Difficult to Implement, Reuters Accelus, October 17, 2012
Drop Copies vs. Kill Switches: What's Next for HFT?, CFTC Law, October 18, 2012
Execution Consulting Services, Streambase Webinar, September 2012
Everything You Need to Know About the Knight Capital Meltdown, Motley Fool, September 14, 2012
How Wall Street Got Addicted to Light Speed Trading, Wired, September 2012
Hiccups with HFT Create Market-wide Risks, Investor Advisor Week, Aug 13, 2012
Living With High-Speed Trading, Wall Street Journal, Aug 11, 2012
Knight Says Company May Suffer More Losses From Trade Error, Bloomberg, Aug 9, 2012
Knight Capital Gets Backstop, Regulators Under Pressure to Stop Flash Crashes, Globe and Mail, Canada, August 6, 2012
Board Software Breakdown Shows Dependence on the PC, Wiener Zeitung, Austria, August 6, 2012
Knight Capital Breakdown Reveals Problem of the Stock Markets, der Standard, Austria August 6, 2012
Knight Looking for a White Knight, Reuters Video, August 3, 2012
How We Trade, Reuters Video, August 3, 2012
Knight Capital Failures Highlight the Weak Stock Market, Reuters China, August 3, 2012
Software errors, Knight Cap Loss of U.S. $ 440 Jt, Inilah.com, Indonesia, Aug 3, 2012
Knight Capital Trading Loss Shows Cracks in Equity Markets, Economic Times of India, August 3, 2012
Why Knight Won't Be the Only One, CNN Money, August 3, 2012
Knight Capital Filings Show Scant Board Duty for Tech Risks, Reuters, August 3, 2012
IBM, Coke Investors Whipsawed by Hourly Swings, Business Week, July 19, 2012
High Speed Trading Is Progress, Not Piracy, Bloomberg View, April 10, 2012

2011

NYSE Plans "Dark Orders" for Retail Customers, Financial Times, October 12, 2011
Prof Tracks Auto Crash Trades, New York Convergence, August 9, 2011
Computer Systems Run World Economy , American Public Radio, August 9, 2011
A Beating of Wings, (Italian and English), Il Sole 24 Ore, May 19, 2011
HFT Methodologies and Market Impact, Review of Futures Markets, Vol 19 # 1, 2011
Trading Spike Seen Just Before ADP Report, Wall Street Journal, January 11, 2011

2010

Das Digitale Herz des Kapitalismus (in German), Wissen Magazine Switzerland, November 21, 2010
The Limits of Algo Trading, Deutsche Borse Business Journal, 3Q2010
SEC Focuses on Market Makers, Financial Times, November 9, 2010
Trading Pennies into $7B Drives HFT Cowboys, Bloomberg, October 6, 2010
Debate on Crash and Its Causes, Wall Street Journal, October 5, 2010
Flash Crash Report Too Long in the Making, Reuters Insider, Video, October 1, 2010
Flash Crash, Australian Broadcasting Co. (Radio), August 29,2010
No Such Thing as HFT,Tabb Forum, August 24,2010
Beware of Geeks Bearing Gifts, Money Web South Africa, August 12,2010
Adventures in Algorithmic Trading, Asset International, August 5,2010
Monsters in the Market, The Atlantic Magazine, July/August 2010
Automated Trading Compounds Selloff, Yahoo News Room, May 7, 2010
Computers Blamed for Wall Street Crash, New Scientist, May 2010
Exposing the Identity of Dark Pools, Advanced Trader, March 1, 2010
Algos Gone Wild, Journal Of Trading, Spring 2010
Trading Shares in Milliseconds, MIT Technology Review, Jan. 2010
Algos Gone Wild, Advanced Trader, Jan. 14, 2010
Market Data Roundtable , Streambase Webinar, Jan. 21, 2010

2009

Algos Gone Wild (TV Interview), Reuters TV Interview Nov. 2009
SEC Rules to Make Dark Pools Disclose Data,Investors Business Daily Oct. 21, 2009
Ultra High Speed Share Trading, BBC World Service (Radio), Sep. 2,2009
Wall Street Secrets, New York Times, Aug. 24,2009
Real Time Racing, Risk Professional GARP, Aug. 2009
StreamBase High Frequency Trading, On-line Webinar, Aug. 12, 2009
Algos Gone Wild, Reuters Blog Commentaries July 21, 2009
Code Green: Goldman Sachs and UBS, Securities Industry News July 20, 2009
The Matrix But With Money, Ars Technica July 27, 2009
Fuzzy Math and Algos, Reuters Blog Commentaries July 31, 2009

Recent Speaking Engagements