Steven Rubenstein, Consultant

Mr. Rubenstein is a member of the American Stock Exchange and experienced in risk analysis and the trading of energy commodities. Mr. Rubenstein has created numerous spreadsheets to calculate profit and loss so as to monitor risk. He has developed Value at Risk models (VAR) and implemented these models.

A sought after speaker, Mr. Levy has conducted seminars and spoken on various aspects of risk management and pricing theory for FERC, AIC, Corporate Finance Institute, Energy Decisions, Executive Enterprises, Exnet, Gas Daily, Infocast, The Institute for Corporate Finance, Institute of International Research, Power Marketing Association and the World Trade Institute.

Professional Achievements

Heard LLC - Index Equity Options Junior Trader
Member of the American Stock Exchange. Market Maker in Index Options on Morgan Stanley High Tech Index and Amex Oil Index. Trade and manage Index Options and equity basket position while attempting to maximize profitability and minimize risk by regulating delta, gamma, and vega of portfolio. Interact with fellow Market Makers as well as Floor Brokers to maintain an orderly market.

Index Equity Options Risk Analyst/Assistant Trader.
Monitored market conditions and executed orders, limiting execution risk. Created spreadsheets to calculate profit and loss and to monitor position risk. Tracked risk levels including position delta, gamma, and vega and informed head trader of these risk levels. Developed Value at Risk models (VAR) and implemented these models using Historical as well as Mean/Variance Efficient VAR in order to ascertain potential losses and profits which could result from substantial movements in implied volatility and/or the traded price of the underlying equity index. Traded equity baskets to hedge option position. Analyzed customer trades in order to anticipate future customer orders. Track trades as well as all cash flows in and out of trading account.

TD Securities - Sales and Trading Assistant - Leveraged Loan Desk
Assisted salespeople and traders on the Leveraged Loan Trading Desk. Interfaced with customers. Relayed bids and offers to and from both brokers and traders. Liased with research analysts to obtain latest information regarding companies and Bank Debt market.

ING Barings - Derivatives - Relative Value Trading Clerk
Studied correlation between several UK Investment Trusts and various equity indices. Developed trading strategies to capitalize on relative value discrepancies. Assisted futures and options traders on the LIFFE trading floor and the ING Barings trading desk. Trained clerks on the equity derivatives desk. Performed reconciliation for equity derivatives desk.

Computer Skills:
Proficient in Microsoft Word, Excel, PowerPoint, Instinet, Instinet Order Management System, Flextrade Basket Trading Platform, Microhedge, AT Financial, ILX, Bloomberg, Reuters, Compustat, Datastream

University at Albany, Bachelor of Science, Finance Major
Awards/Honors: Dean's List of Distinguished Students, Golden Key Honors Society