Fred Federspiel is an American

technology Technology is the application of Conceptual model, conceptual knowledge to achieve practical goals, especially in a reproducible way. The word ''technology'' can also mean the products resulting from such efforts, including both tangible too ...

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

nuclear physicist Nuclear physics is the field of physics that studies atomic nuclei and their constituents and interactions, in addition to the study of other forms of nuclear matter. Nuclear physics should not be confused with atomic physics, which studies the ...

and inventor.

Biography

Born in West Lafayette Indiana in 1963, Federspiel earned a PhD in experimental nuclear physics from the

University of Illinois at Urbana–Champaign The University of Illinois Urbana-Champaign (UIUC, U of I, Illinois, or University of Illinois) is a public land-grant research university in the Champaign–Urbana metropolitan area, Illinois, United States. Established in 1867, it is the f ...

in 1991, where he led the first self-consistent measurement of the electric and magnetic polarizability of the proton. In 1993, he married his wife, Carey Mills, with whom he has four children, Harry, Ella, Erin, and Leo. A

Baritone Sax The baritone saxophone (sometimes abbreviated to "bari sax") is a member of the saxophone family of instruments, larger (and lower-pitched) than the tenor saxophone, but smaller (and higher-pitched) than the bass. It is the lowest-pitched saxop ...

enthusiast, he played in professor John Garvey's

Jazz Jazz is a music genre that originated in the African-American communities of New Orleans, Louisiana, in the late 19th and early 20th centuries. Its roots are in blues, ragtime, European harmony, African rhythmic rituals, spirituals, h ...

band for seven years. In 1991 Federspiel joined

Los Alamos National Laboratory Los Alamos National Laboratory (often shortened as Los Alamos and LANL) is one of the sixteen research and development Laboratory, laboratories of the United States Department of Energy National Laboratories, United States Department of Energy ...

where he built the real-time

data acquisition Data acquisition is the process of sampling signals that measure real-world physical conditions and converting the resulting samples into digital numeric values that can be manipulated by a computer. Data acquisition systems, abbreviated by the ...

and

analysis Analysis (: analyses) is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (38 ...

system for the Liquid Scintillator Neutrino Detector experiment, which reported evidence for neutrino oscillations in 1996. In 1997 he joined BiosGroup, and then in 1999 founded e-Xchange Advantage Corporation (e-XA) to deploy technology allowing institutional traders to control the information released to the market about their orders. e-XA became Pipeline Trading Systems LLC, which implemented Federspiel's inventions to reduce the cost inflicted by

high-frequency trading High-frequency trading (HFT) is a type of algorithmic trading in finance characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools.Lin, Tom C. W. " ...

on institutional trade execution. Federspiel's block market invention was one of two major market structure experiments enabling institutions to direct information dissemination about block orders to likely trading counterparties, the other notable example being Liquidnet. In 2011, Pipeline reached a settlement with the

Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

(SEC) over allegations that a Pipeline affiliate may have traded with Pipeline customer orders without adequate disclosure. Federspiel agreed to pay the SEC $100,000 to settle the matter. Federspiel is currently CEO and Founder of Dart Video Communications, provider of Home Dart, a real-time video text messaging tool for real estate professionals. In 2020 Fred joined AlgoCortex LLC to improve the efficiency of the trading process through intelligent automation and preserve the hard-earned assets of institutional investors and their clients.

Technical innovation

Federspiel is an inventor on US patents covering the display of market data, the design of trading systems, mechanisms to disseminate order information, and mechanisms to incentivize liquidity providers to provide quality trades to block trading systems.

References

* * * * {{DEFAULTSORT:Federspiel, Fred 1963 births Living people Grainger College of Engineering alumni People from West Lafayette, Indiana