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Algo-Trading

April 21, 2020


Chicago attorney, Brendan Cournane, leads off the show discussing the economic impact of the COVID-19 shutdown. Joel Elconin of Benzinga is on the same page as Chief regarding the disconnect between those receiving a check during all of this versus those who are not. Kenny Polcari, Managing Principal at ButcherJoseph Asset Management, LLC and a contributor to CNBC, talks oil and volatile market trends. Jeff Joseph, Editorial Director & Publisher at Luckbox Magazine, leads off hour two wondering why we can’t have a level-headed discussion on being safe while also working toward reopening the economy. Then, special guest Chris Conlan, President & CEO of Conlan Scientific, joins the guys to promote his latest book on algo-trading. Don’t forget, Stocks & Jocks listeners receive a FREE digital subscription at luckboxmagazine.com/jocksSign up today!.

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Guests & Co-Hosts

Brendan Cournane

Brendan Cournane co-hosts the Stocks & Jocks show every Monday morning. He is also a public finance attorney licensed in both Illinois and Arizona. He has practiced law for more than 35 years acting primarily as counsel to issuers of municipal debt (bond counsel, underwriters’ counsel, bank counsel and special counsel). He has served in both the private and the public sectors, having been a partner in major U.S. law firms and as in-house counsel to such entities as the City of Chicago and Chicago Public Schools, as well as General Counsel to the Illinois Finance Authority, one of the nation’s largest issuers of conduit municipal bonds. Read more.

JOEL ELCONIN

Joel’s introduction to trading was in the Standard and Poor’s 500 Index futures pit at the Chicago Mercantile Exchange. Also, during his time at the CME, he was involved in Index Arbitrage as well as trading foreign currency futures and options. From 1994-1999 he was a proprietary trader for Olde Discount Corporation. Following his tenure at Olde Discount, he founded the Detroit office of Bright Trading, LLC. His responsibilities included trader recruitment, orientation and education as well as the day to day management of the office. He held this position office until 2003. Since 2003, Joel has been an independent trader researching and developing proprietary indicators and trading systems for the equities and futures markets. In 2007, Joel joined JC Trading Group as a Market Consultant and trading supervisor. He provides daily market commentary at www.premarketinfo.com. Joel obtained his Bachelor of Art in Political Science from the University of Michigan in 1985. Also, he is a graduate of the Chicago Mercantile Exchange Continuing Education Program. He also holds his Series 7 and 63 licenses and is a licensed real estate broker.

KENNY POLCARI

Kenny Polcari is a Managing Principal at Tengler Wealth Management responsible for client engagement and market commentary. Leveraging his extensive trading and equity markets background, Kenny is also a member of the ButcherJoseph Asset Management, LLC Investment Committee. Kenny works with Tengler Wealth clients directly as well as appearing in the financial media and publishing a regular market commentary newsletter.

Kenny came to Wall Street as a summer intern on the New York Stock Exchange during the summers of ’80, ’81 & ’82 and upon graduation moved from Boston, Mass. to New York City where he began his career on the trading floor. He became a member of the New York Stock Exchange in August, 1985 and prior to joining the ButcherJoseph Asset Management Team to help launch Tengler Wealth Management was a Managing Director at O’Neil Securities, Inc., representing the interests of institutional asset managers that need to access global equity markets. Earlier in his career, Kenny served as managing director at Icap Corps, LLC, and prior to that was senior vice president, member New York Stock Exchange and division manager with Salomon Brothers directing their NYSE Division during the heady bull market of the 1990’s.

His 30 plus years of experience have taken him from the birth of the greatest bull market, to the crash of ’87, the roaring ’90’s, the .com implosion, decimalization, 9/11, Regulation NMS, the merger between the NYSE / ARCA, then NYSE/Euronext, automation, HFT, and fragmentation. He is an engaging public speaker and you can find him speaking at industry & investor conferences, as well as colleges, forums and major asset manager events. He is at ease speaking about NYSE history, rules & regulation, former & current market structure including internalization, HFT and fragmentation and how those changes have forever changed the face of the U.S. capital markets and what that means to the investor. He writes a daily “Morning Thoughts” missive that is an informative, engaging and entertaining look at global markets and provides insight into the day’s action. It has gained wide popularity and has become a signature of his “boots on the ground” analytical style. He is a member of STA and NOIP and is a guest lecturer for The American College. He holds the series 7, 24, 27, 55, 63 registrations.

JEFF JOSEPH

Jeff Joseph is the Editorial Director & Publisher at Luckbox Magazine – the control freak’s essential guide to life, money & probability. Luckbox is a monthly publication available on newsstands for $7.99 per issue. Stocks & Jocks listeners receive a FREE digital subscription at luckboxmagazine.com/jocksSign up today!

Chris Conlan

Chris Conlan is the President of Conlan Scientific. He began his career as an independent data science consultant for the Washington DC area, and later founded Conlan Scientific by leveraging his personal network of talented data scientists and researchers. Chris specializes in financial modeling, machine vision, and data management. He has used his talents to serve businesses in many industries, including lending, securities trading, artificial intelligence, and manufacturing. Now, he is working through Conlan Scientific to tackle larger projects with bigger teams. Chris is a perpetual learner and a passionate educator. He has taught a data science course at the University of Virginia and published two programming books. He holds a B.A. in Statistics from the University of Virginia.

Publications:

Algorithmic Trading with Python Quantitative Methods and Strategy Development April 2020

The Blender Python API Precision 3D Modeling and Add-on Development June 2017

Automated Trading with R Quantitative Research and Platform Development October 2016