Fred Federspiel is an American

technology Technology is the application of knowledge to reach practical goals in a specifiable and reproducible way. The word ''technology'' may also mean the product of such an endeavor. The use of technology is widely prevalent in medicine, science, ...

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

nuclear physicist Nuclear physics is the field of physics that studies atomic nuclei and their constituents and interactions, in addition to the study of other forms of nuclear matter. Nuclear physics should not be confused with atomic physics, which studies the ...

and inventor.

Biography

Born in West Lafayette Indiana in 1963, Federspiel earned a PhD in experimental nuclear physics from the

University of Illinois at Urbana–Champaign The University of Illinois Urbana-Champaign (U of I, Illinois, University of Illinois, or UIUC) is a public land-grant research university in Illinois in the twin cities of Champaign and Urbana. It is the flagship institution of the Universit ...

in 1991, where he led the first self-consistent measurement of the electric and magnetic polarizability of the proton. In 1993, he married his wife, Carey Mills, with whom he has four children,Harry, Ella,Erin, and Leo. A

Baritone Sax The baritone saxophone is a member of the saxophone family of instruments, larger (and lower-pitched) than the tenor saxophone, but smaller (and higher-pitched) than the bass. It is the lowest-pitched saxophone in common use - the bass, contra ...

enthusiast, he played in professor John Garvey's

Jazz Jazz is a music genre that originated in the African-American communities of New Orleans, Louisiana in the late 19th and early 20th centuries, with its roots in blues and ragtime. Since the 1920s Jazz Age, it has been recognized as a major ...

band for seven years. In 1991 Federspiel joined

Los Alamos National Laboratory Los Alamos National Laboratory (often shortened as Los Alamos and LANL) is one of the sixteen research and development laboratories of the United States Department of Energy (DOE), located a short distance northwest of Santa Fe, New Mexico, ...

where he built the real-time

data acquisition Data acquisition is the process of sampling signals that measure real-world physical conditions and converting the resulting samples into digital numeric values that can be manipulated by a computer. Data acquisition systems, abbreviated by the acro ...

and

analysis Analysis ( : analyses) is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (38 ...

system for the

Liquid Scintillator Neutrino Detector The Liquid Scintillator Neutrino Detector (LSND) was a scintillation counter at Los Alamos National Laboratory that measured the number of neutrinos being produced by an accelerator neutrino source. The LSND project was created to look for evidence ...

experiment, which reported evidence for neutrino oscillations in 1996. In 1997 he joined

BiosGroup BiosGroup is a Santa Fe, New Mexico-based for-profit company founded in 1997 by Stuart Kauffman and Ernst & Young (now Capgemini Ernst and Young) which aimed to commercialize complexity science software in applications that helped companies manage ...

, and then in 1999 founded e-Xchange Advantage Corporation (e-XA) to deploy technology allowing institutional traders to control the information released to the market about their orders. e-XA became

Pipeline Trading Systems LLC Pipeline Trading Systems LLC operated private equities and options trading systems from 2004 to 2012. As an agency broker, it offered equities traders two methods for trading large blocks of stock with minimal impact on price: a crossing network (al ...

, which implemented Federspiel's inventions to reduce the cost inflicted by

high-frequency trading High-frequency trading (HFT) is a type of algorithmic financial trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools. While there is no ...

on institutional trade execution. Federspiel's block market invention was one of two major market structure experiments enabling institutions to direct information dissemination about block orders to likely trading counterparties, the other notable example being

Liquidnet Liquidnet is a global institutional investment network that connects asset managers with liquidity. Liquidnet trades in 46 equity markets for over 1000 institutional investment firms who collectively manage US$33 trillion in equity and fixed incom ...

. In 2011, Pipeline reached a settlement with the

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

(SEC) over allegations that a Pipeline affiliate may have traded with Pipeline customer orders without adequate disclosure. Federspiel agreed to pay the SEC $100,000 to settle the matter. Federspiel is currently CEO and Founder of Dart Video Communications, provider of Home Dart, a real-time video text messaging tool for real estate professionals. In 2020 Fred joined AlgoCortex LLC to improve the efficiency of the trading process through intelligent automation and preserve the hard-earned assets of institutional investors and their clients.

Technical innovation

Federspiel is an inventor on US patents covering the display of market data, the design of trading systems, mechanisms to disseminate order information, and mechanisms to incentivize liquidity providers to provide quality trades to block trading systems.

References

* * * * {{DEFAULTSORT:Federspiel, Fred 1963 births Living people Grainger College of Engineering alumni People from West Lafayette, Indiana