Jeffrey Bacidore, PhD
Managing Director

EXPERTISE

  • Algorithmic Trading

  • Quantitative Finance 

  • Artificial Intelligence

  • Portfolio Trading Algorithms

  • Dark Pools & ATS

Jeff Bacidore | Algo trading | SEDA Experts

As the former Head of Algorithmic  Trading at Goldman Sachs and ITG,    Dr. Bacidore is a leading expert in algorithmic trading and quantitative finance across multiple asset classes. He has designed and implemented for leading financial institutions algorithms ranging from low latency, machine learning-enhanced smart routers through multi-asset, multi-day portfolio trading algorithms.

Jeff Bacidore has over 20 years of industry experience and he is the Founder and President of The Bacidore Group, LLC, which provides trading related consulting and research services to buy-side, sell-side, and fintech clients.


Prior to that, he was the Head of Algorithmic Trading at both Goldman Sachs and ITG (now Virtu), the Head of Research and Consulting in Credit Suisse's Advanced Execution Services (AES) group, and the Head of Research at the New York Stock Exchange. Dr. Bacidore is a former Assistant Professor of Finance at the University of Michigan Ross School of Business and also taught in the Executive Education Program at the Indiana University Kelley School of Business.


During his career, he created cutting edge trading analytics and models utilizing both traditional statistical methods as well as machine learning techniques. His research has been presented at the NYSE, Nasdaq, SEC, and numerous professional and academic conferences.


Dr. Bacidore has also testified in the U.S. House of Representatives on market structure issues. His written work has been published in numerous academic and practitioner journals.


He has a B.A. in Economics from Knox College, and M.S. and Ph.D. degrees in Finance from Indiana University. He also attended the University of Chicago Business School as a University of Chicago Business Fellow.

Publications:
 

  • "The Cost of the D-Quote", Article in The Journal of Trading 9(2):39-42 · March 2014

  • "Balancing Execution Risk and Trading Cost in Portfolio Trading Algorithms", Article in The Journal of Trading 8(4):37-43 · September 2013

  • "Trading around the Close", Article in The Journal of Trading 8(1):48-57 · December 2012

  • "Cluster Analysis for Evaluating Trading Strategies", Article in The Journal of Trading 7(3):6-11 · June 2012

  • "Inside the Opening Auction", Article in The Journal of Trading 7(1):7-14 · December 2011

 

EDUCATION

 

Indiana University - Kelley School of Business

Ph.D., Finance

M.S., Finance 

Knox College

B.A., Economics  

 

The University of Chicago Booth School of Business

Awarded University of Chicago Business Fellowship

 

EMPLOYMENT HISTORY

The Bacidore Group, LLC

Founder & President

2018-Current

Credit Suisse

Algorithmic Trading, Trading Research, and

Execution Consulting - AES

2016-2017

Citadel, LLC

Head of Risk, Fundamental Equities

2015-2016

ITG

Managing Director, Head of Algorithmic Trading
2011-2014

 

Goldman Sachs

Managing Director, Head of Algorithmic Trading

2001-2011

 

New York Stock Exchange

Director, Research
1998-2001

University of Michigan Ross School of Business

Visiting Assistant Professor
1997-1998

 

Indiana University - Kelley School of Business

Instructor/Researcher

1992 - 1995

 

OTHER

Coursera

Deep Learning Specialization Mar 2018

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© 2020 by SEDA Experts, LLC I New York

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