Tayloe Draughon

From MarketsWiki
Jump to navigation Jump to search


ICE wiki logo.jpg


Tayloe Draughon
Tayloe cropped 1.jpg
Occupation Consultant
Employer Draughon.us
Location Chicago
Personal Twitter @TayloeDraughon
LinkedIn Profile
Website www.draughon.us

Tayloe Draughon is a Chicago-based technology and market development professional who is the founder of Draughon.us.

Formerly he was managing director of product design for Neurensic, a Chicago-based technology firm that uses artificial intelligence to assist financial firms in monitoring risk management and compliance.[1]

Background[edit]

Draughon has worked in the trading industry for more than 25 years, focusing on electronic trading across all asset classes.

Before joining Neurensic, Draughon worked for 10 years as the head of e-solutions at Newedge (later Societe Generale), where he helmed compliance, cost-saving and data rules projects while expanding the firm's presence in the electronic brokerage space. Before that, Draughon was vice president of the Strategic Solutions Group for Cargill Investor Services. [2]

In his personal time, Draughon is an outdoor enthusiast and active in the Boy Scouts.[3]

Education[edit]

Draughon has a B.S. in Decision Sciences from Indiana University - Bloomington.[4]

MarketsWiki Education Video, July 2016[edit]

Tayloe Draughon, Neurensic - Futures Industry AI and Machine Learning

“As you seek worlds of opportunity, look for areas in which there are problems, because if somebody is having problems, there are going to be opportunities.”

Recent advancements in technology have led to a monstrous spike in trades and trade messaging. Meanwhile, new regulations are requiring banks, brokers, dealers and futures commission merchants to not only store all of this new data, but also to conduct surveillance for trade infractions such as spoofing, layering or “banging the close.”

One particular challenge is that these new regulations require proof of intent, that is whether a trader or trade algorithm intentionally broke a rule. How does one sift through the billions of daily messages flowing through the pipes, flag anything suspicious, and prove intent at the same time?

According to Neurensic’s Tayloe Draughon, the answer is artificial intelligence, machine learning and pattern recognition. In other words, fight tech with tech. His message to the next generation? We have problems, and our problems become your opportunities.

References[edit]

John Lothian News logo1.png

JLN News Feed

Richard Sandor
Dr. Richard Sandor, chairman and CEO of the American Financial Exchange, received an honorary professorship at Fudan University In Shanghai in recognition of his contributions in the field of emiss...

View Page

Trading Technologies Launches Support for Cboe U.S. Options and Plans Day-One Connectivity to Cboe Europe Derivatives via the TT® Platform
Lead Stories Trading Technologies Launches Support for Cboe U.S. Options and Plans Day-One Connectivity to Cboe Europe Derivatives via the TT Platform Trading Technologies International, Inc. Tradi...

View Page

Former Deutsche Bank Commodities Trader Sentenced to Prison for Fraud Scheme
First Read $49,706/$300,000 (16.6%) Trading Technologies ++++ Hits & Takes John Lothian & JLN Staff Congratulations to Dr. Richard Sandor, chairman and CEO of the American Financial...

View Page

The Small Exchange
The Small Exchange, a new exchange geared toward retail investors, launched trading on the first Cannabis Equity Index Future (S420) on Monday, June 21.

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.