Skip to content Skip to footer

Executive Interview: Michael Venezia

Head of the New Equity Trading Division at TRADEVIEW MARKETS

Forex Magnates spoke with Michael Venezia, Head of Equity Trading at Tradeview Markets who detailed the genesis of his trading career and subsequent rise to become a key industry figure in the equities realm. His full-length interview can be read below.

1. How did you enter the Equities industry and was this always a passion of yours?

I’ve always had a passion for the markets and quite honestly the risk management arena as a whole. I grew up around the thoroughbred racing industry, my father being an accomplished jockey on the New York circuit and was fascinated by the “gambling” aspect of this culture.

Back in the mid 80’s, horse racing was known as the Sport of Kings, meaning that there was literally a dichotomy in this industry – the wealthy owners, predominately Wall Street executives, CEO’s etc., coupled with the gamblers. I wasn’t allowed to associate with the gamblers, although I learned invaluable lessons from people who would cash their Social Security checks and would more time than not go home broke.

These were the psychological principles that were instilled in me, mostly what NOT to do. More importantly, I was fortunate enough to have a well-known CEO and prominent horse owner at the time take me under his wing and offered me a job when I graduated from college. I accepted and started as a financial advisor, a stockbroker if you will, at Prudential Securities working under one of the firm’s top producers. It is worth noting that this was during the early 1990s when the markets starting gaining more mainstream attention.

My boss at the time was an active trader who had many discretionary accounts and taught me the foundations and principles of trading, who ironically came to work at Schonfeld some 15 years later. As such, after a couple of years, it was clear that I would get out of retail and become a trader. The Branch Manager of the New York City office suggested that I become a prop trader and introduced me to Schonfeld Securities, a rapidly expanding firm that actively traded the US Equities markets.

At the time, Schonfeld employed about 80 traders and I started clerking for the top trader in the office. Like many others, I paid my dues and started trading 100 shares off a selected stock list. Over time, with calculated success, I grew over 17 years to become one of the firm’s top producers year over year and eventually became one of the few “trainers” or teachers throughout the various offices throughout the United States. Trading is what I do and is my passion and will never wane.

2. How did you team up with Tradeview Markets and what made you sign on as the Head of the Equity Trading Division?

A good story actually. Tim Furey, Founder, and CEO of Tradeview sat on my desk for some years and I think Tim would agree that while at Schonfeld we both were exceptional at evaluating risk and we worked well together and formed a mutual respect for each other, both personally and professionally.

Tim left some years later and made his name in the Forex Markets and I stayed on at Schonfeld. When I left Schonfeld in 2012, I was always aware and even more so impressed by what Tim was doing in the forex industry and later at Tradeview. Tim and I would bounce ideas off each other from time to time and just recently, Tim said that there was such an overwhelming demand from his client base that he wanted to start an equities division. He told me his vision to provide the top-level trading education and experience we both learned on the institutional side over the past 20 years and wanted to provide that to his clients at Tradeview Markets and I signed on.

3. Where do you see the equity/trading division of Tradeview Markets in upcoming years?

One of the main mindsets that I agree with Tim is the ‘Gladiator mentality’, which I think resonates with a passion for what you are doing. This is a team, and just like on a trading desk and every day I come in I look to build on the previous day before. I learn more and more every day and my thirst for knowledge and profitability is stronger than ever.

However, what I would like to instill early on with our clients is to give them the same opportunity and education that I received. The most important thing for me to relay to our clients is to drastically reduce the learning curve. It is very tough and very costly to learn on your own.

I was fortunate enough to be taught by first-class traders who were willing to take time out and teach the less-experienced traders. Someone took the time with me and never forgot that.

To service our clients I plan on offering many different areas of a trading division. At our website, TVmarkets.com, I will be writing several articles a week covering a broad range of topics.

From the most basic of fundamentals – which I constantly work on – to the most specific of trades, I will also be doing webinars and in due time will be given morning, afternoon, and closing reports about what transpired the day before, during that trading day and how I traded the close.

The plan in due time is to conduct an end of the week interactive live webinar to hear what our clients are doing, how to service them better, and to hear what our traders are trading.

4. How will Tradeview Markets maintain a competitive edge relative to its competitors?

I came to Tradeview because I know what the corporate culture here is and we have survived over time because of this culture. I know what it takes to be an industry leader coming from a trading firm that was considered the best of its breed and it is contagious.

Tim at Tradeview allows me the flexibility, with my experience and track record, to make decisions quickly and concisely without going through any red tape that might hinder any decisions. Seeing how Tradeview has become an industry leader, we expect nothing less from our Equities Division and I will uphold that standard.

That’s what it took to get us here and that is what it will take to maintain our position. Additionally, we find ways to exceed customer’s expectations and we understand that our clients don’t just buy into our brand but recognize our identity and the bottom line is our purpose is to serve. We are nothing without our clients and in any business that is no secret.

Follow us on Twitter

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com