Rick Tomsic is the CEO of Tradovate, a futures trading technology firm he founded in June of 2014. He is also managing member of Tomsic Holdings, LLC, starting in October 2001.
Tomsic was the president and founder of Open E Cry, LLC, from Jan. 2002, until it was acquired by options brokerage firm optionsXpress in 2008. He remained with the firm as executive vice president of optionsXpress through its acquisition by Charles Schwab in 2011.
In 2012, Schwab sold the Open E Cry futures platform to retail foreign exchange dealer GAIN Capital, where Tomsic served as senior vice president until leaving the firm in 2013 to develop the platform that would become Tradovate.
Tomsic holds a Bachelor of Business Administration in Finance from Kent State University.
MarketsWiki Education Video, August 2015
"You don't need 20 years in an industry to have vision. Some of the best ideas come from a unique vantage point. Your vantage point... it's not jaded. You don't know how futures technology may be used. You may look at it from a fresh alternative."
The first step down an unknown path takes guts. But if you’ve calculated your risks, you have a chance for outsized rewards. For Rick Tomsic, CEO of Tradovate, that step meant leaving an established position in a managerial program for an eat what you can kill broker gig. A step further down the road and Tomsic occupied a 12 foot by 12 foot office in a house sporting a gigantic satellite on its roof, sweating buckets due to the large monitors while working his 10 phone lines. But it was what he needed to do to fulfill his eventual goal of building trading technology. In this video, Tomsic imparts the need to maintain your drive by both having fun and maintaining your vision.
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