Rick Tomsic
Rick Tomsic founded Tradovate Holdings, LLC and currently serves as its CEO responsible for strategic direction. Prior to Tradovate, Rick founded Open E Cry, LLC (OEC) in 2001 and served as its President until its acquisition by optionsXpress, Holdings, LLC in July of 2008. After the sale of OEC Rick has served in various executive roles including EVP of Institutional Products at optionsXpress, Vice President at Charles Schwab, and Senior Vice President at GAIN Capital all while continuing to be responsible for the strategic direction and growth of OEC at these firms. Rick also founded Tomsic Holdings, LLC in 2001 an investment holding company that invests in traditional and nontraditional assets, real estate, and private equity. The firm focuses on futures, forex, and equity trading technology. As the Managing Member, Rick is responsible for strategic direction and investment selections.
Futures are not a natural place to start trading, but it surprises me when I talk to experienced equities and options traders that have never considered the benefits of trading futures. So, while futures may not be right for everyone’s portfolio, they’re right for mine. Here are five reasons why I trade futures.
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Throughout my career in the markets, I've met an incredible number of smart and engaging traders, and beginning today we'll be holding Q&As with some of my favorites – thinking that you will find the discussions compelling and that you might even learn a thing or two about trading, the markets and what it takes to be successful.
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This week CME announced that it will close most of its futures trading pits in Chicago and New York City by July 2, 2015 as electronic trading has become the dominant way futures contracts are bought and sold.
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Have you noticed the level of innovation in retail stock and options trading these days?
We’re trading from apps. We’re trading for free. We’re letting robots manage our portfolios. We’re getting trading ideas from algorithms.
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I’ve been in the online futures trading industry since 1997, and I love it. I love how futures offer one-stop exposure to virtually every meaningful asset class on earth and how futures traders are among the most engaged and interesting people you’ll ever meet.
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