Joe Niciforo is the chairman of HC Technologies, a Chicago-based algorithmic trading trading firm run by Niciforo, along with former CBOT chairman Charles Carey.
In 2015, Niciforo teamed up with former business partner Paul Tudor Jones II to seek out and groom the next generation of global macro traders in a venture called LaunchPad Trading.
After earning his law degree in 1988, Niciforo joined Tudor Investment Corp., where he traded metals and fixed income derivatives. He eventually became a partner in the firm. He left Tudor in 2004 and started his own global fixed income hedge fund, Twinfields Capital Management, which he ran until 2009.
In 1999, Niciforo was elected to the board of directors of the Chicago Board of Trade. He left the board in 2001 but began serving again in 2006. After the exchange merged with the Chicago Mercantile Exchange in 2007, he served on the board of CME Group board of directors until 2014.
Niciforo is a member of the New York State Bar Association.
Niciforo earned a bachelor's degree in 1982 from Georgetown University, and in 1988 earned a JD from the Fordham University School of Law.
MarketsWiki Education Video, 2015
Joseph Niciforo, HC Technologies - Profiles in Risk: Vision and Discipline
“If you don’t have disciplined risk management, you’re not going to be in the game.”
After earning a law degree in 1988, Joe Niciforo turned down a six-figure offer to join a big law firm, opting instead for a salary at 30 percent of that number, to work as a trader for the legendary Paul Tudor Jones II. He would eventually become a partner and managing director at Tudor Investment Corp, but his trading career almost got cut short once when he violated his own risk parameters and ended up taking a big loss. The next day, he received a phone call from Jones, who said, “If you ever lose more than $15,000 for me, we’ll always be friends; we’ll never do business.”
His latest venture with Tudor, LaunchPad Trading, seeks out and grooms young portfolio managers, who, hopefully, won’t make the same mistakes he did when he was a young, cocky trader.
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