David Stone - Head Equity Trader

 

After mastering his trade with stints in both Wall Street and The City of London as a Junior Equity Market Trader David joined us in 2016 to manage and run our equity market trading desk. He is responsible for formulating and implementing multiple strategy day trading techniques and supporting our managed accounts desk.

When not executing split second buy / sell orders  David spends most of his spare time immersed in his favourite pastime – Basketball

E: david.stone@casdaqtrading.com

T: +1 347 201 6158

A: Seagram Building, 375 Park Ave #2607, New York, NY 10152. USA​

MEET OUR HEAD OF EQUITIES TRADING

WERE YOU INVOLVED WITH ANYTHING IN THE PAST THAT SPARKED YOUR INTEREST IN JOINING A COMPANY LIKE CASDAQ TRADING?

I played a lot of different card games with my friends and family growing up, and would always take these very seriously. Over my college years, I developed an interest in poker. I studied the game a lot, played in all sorts of settings, and eventually got good enough to consistently beat my opponents. The fact that I learnt poker as having parallels with decision making in trading got me very intrigued.

WHAT MADE YOU DECIDE TO JOIN OUR TEAM?

The biggest factor for me was definitely the people. During my interview process, I got to meet many traders with similar mindsets to that of mine. They made me feel like part of their group in the short time I was there. Not only did everyone seem very knowledgeable and have a lot to talk to me about, but they also were genuinely interested in doing so.

WHAT IS UNIQUE ABOUT YOUR CURRENT ROLE?

I often lead mock trading sessions, where the Assistant Traders make their own trading decisions in a simulated environment, as well as teaching our weekly poker classes. Education is something Casdaq Trading places a huge emphasis on, so I really enjoy this part of my role.

IF YOU WERE SPEAKING WITH A GRADUATE WHO WAS CONSIDERING STARTING THEIR CAREER WITH CASDAQ TRADING, WHAT ADVICE WOULD YOU GIVE THEM?

If you are an analytically-oriented, competitive team player that loves fast paced environments, and aren't shy of being given big responsibilities early on in your career, then Casdaq Trading might just be the right place for you!

IN YOUR OPINION WHAT IS THE BEST PERK WE OFFER?

The free tickets to New York teams' sports games are big. You're always surrounded by a great crowd of people and in great seats, making for some memorable times.

WALK US THROUGH A TYPICAL DAY IN YOUR LIFE

I'm usually at my desk around 8 a.m., whether I'm coming directly from home or from one of the basketball games I play in with a group of Casdaq employees some mornings. I trade equity options, so my mornings are spent preparing for the trading day ahead. This involves a lot of brainstorming over interesting situations with our research analysts and other traders, and coming up with a game plan for the market open. Throughout the day, I am constantly making trading decisions under uncertainty, based on the limited amount of information available to me through the markets. There is a very collegiate atmosphere in my group, and there's almost guaranteed to be an interesting conversation going on somewhere when it gets slow. Markets close at 4:00 p.m., and after attending a brief meeting to discuss some of our day's interesting trades, my day is done. A few days a week, I meet assistant traders for mock trading and poker lessons after market hours, which still feels a little weird as I was in their shoes just a couple of years ago

WHAT IS YOUR FAVOURITE THING ABOUT LIVING IN NEW YORK?

New York is host to a big restaurant scene, no matter what kind of food you prefer. It's nice to be able to walk out of your apartment after a busy day at work and have access to so many great cuisines.

 

RISK DISCLAIMER

The risk of loss in trading capital market positions can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. In considering whether to trade or to authorize someone else to trade for you, you should be aware of the following:

If you run a capital market position you may sustain a total loss. If you run a capital market position or engage in off-exchange foreign currency trading you may sustain a total loss. If the market moves against your position, you may be called upon by your trader to deposit a substantial amount of additional margin funds, on short notice, in order to maintain your position. If you do not provide the requested funds within the prescribed time, your position may be liquidated at a loss, and you will be liable for any resulting deficit in your account. ​​

​​​The high degree of leverage that is often obtainable in capital markets trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. ​

This brief statement cannot disclose all the risks and other significant aspects of the capital market trading.

​You should also be aware that this capital markets trading advisor may engage in trading foreign futures or options contracts. Transactions on markets located outside the united states, including markets formally linked to a united states market may be subject to regulations which offer different or diminished protection. Further, united states regulatory authorities may be unable to compel the enforcement of the rules of regulatory authorities or markets in non-united states jurisdictions where your transactions may be effected. Before you trade you should inquire about any rules relevant to your particular contemplated transactions and ask the firm with which you intend to trade for details about the types of redress available in both your local and other relevant jurisdictions.