|Occupation||CEO and Founder|
Mike Persico is CEO and founder of Anova Technologies and a veteran of the financial and professional services fields. He focuses on marketing, corporate vision and operations worldwide for the firm.
Persico founded SMG Holdings, LLC, a financial services conglomerate. SMG Holdings, LLC is the parent of four firms dedicated to supporting the investment and trading industry: AlgoTrade, Orion Recruiting, Anova Technologies and The Sidus Group.
Prior to forming SMG, he was a part owner and partner in Ambiron, LLC, an IT security technology firm that focused on penetration tests, network audits and compliance for the financial and credit card industries. Ambiron merged with Trustwave in 2004.
Persico's first firm, Tekom, Inc., formed in 1997 to service Eurex, and eventually grew to provide information technology for others in the financial industry. Tekom also built the Master's of Science and Financial Engineering (MSFE) trading floor at Kent State University. The facility opened in 2003 and allows students to learn about the markets while testing their knowledge on real-world systems. Tekom merged with Ambiron in 2004.
Persico sits on the advisory board of OptionsCity, LLC.
Persico graduated from Northern Illinois University with a degree in Marketing.
MarketsWiki Questions: Exploring Financial Technology
Persico participated in the MarketsWiki Questions: Exploring Financial Technology interactive video series. See his responses to the following questions:
- Q4: How is regulation driving technology in the derivatives space? (August 3, 2011)
- Q5: Build or Buy? What parts of trading technology are worth building and what are worth buying? (August 24, 2011)
- Q6: What impact will technology have on high frequency trading, beyond improving speed? (September 14, 2011)
- Q7: What, in terms of technology, is missing in the financial markets? (September 28, 2011)
Five Minute Interview