Frommer launches interactive trading community
28 October 2010 New York
Image: Shutterstock
Jeremy Frommer, former Managing Director and Global Head of Prime Services at RBC Capital Markets, has announced the launch of www.HedgeFundLIVE.com, his highly anticipated interactive trading community; the first ever network of transparent trading desks and an entirely new iteration of trading community.
HedgeFundLIVE members have the opportunity to observe and listen to portfolio managers and traders as they operate in real time. Multiple trading floors are linked together through an innovative audio and video infrastructure. Ideas and thoughts are communicated and acknowledged in real time in the cyber environment. As ideas evolve through this dialogue, they are executed electronically and actively traded. By combining thoughts in this controlled format, HedgeFundLIVE intends to create an advantage that is not found in the traditional proprietary trading community; one that Mr Frommer refers to as Collective Intelligence.
"The last two years has seen a massive divide between Main Street and Wall Street. My primary objective with HedgeFundLIVE was to create a transparent environment in which both groups can gain a better understanding of the other," said Mr Frommer. "When it comes down to it, Wall Street and Main Street are mostly comprised of the same types of people, with interests aligned. These days I consider myself part of Main Street."
HedgeFundLIVE is as much market commentary as it is classroom. "We have received overwhelming interest from the academic environment and are currently actively engaged in joint projects with over ten academic institutions," said Co-Founder and President Alan Portnoi. With over 100 aggregate years of experience, the principal players have amassed a wealth of knowledge in the worlds of finance and Wall Street culture. The principal beneficiaries of this knowledge are the public at large and member trading desks. www.HedgeFundLIVE.com is a free and open site, requiring no registration process. Visitors to the site are both veteran traders as well as anyone who is in any way curious about trading and the financial markets. Through a combination of lectures, blogs and real-time viewing, visitors will improve their overall understanding, while simultaneously gaining one-of-a-kind exposure to Wall Street culture.
HedgeFundLIVE members have the opportunity to observe and listen to portfolio managers and traders as they operate in real time. Multiple trading floors are linked together through an innovative audio and video infrastructure. Ideas and thoughts are communicated and acknowledged in real time in the cyber environment. As ideas evolve through this dialogue, they are executed electronically and actively traded. By combining thoughts in this controlled format, HedgeFundLIVE intends to create an advantage that is not found in the traditional proprietary trading community; one that Mr Frommer refers to as Collective Intelligence.
"The last two years has seen a massive divide between Main Street and Wall Street. My primary objective with HedgeFundLIVE was to create a transparent environment in which both groups can gain a better understanding of the other," said Mr Frommer. "When it comes down to it, Wall Street and Main Street are mostly comprised of the same types of people, with interests aligned. These days I consider myself part of Main Street."
HedgeFundLIVE is as much market commentary as it is classroom. "We have received overwhelming interest from the academic environment and are currently actively engaged in joint projects with over ten academic institutions," said Co-Founder and President Alan Portnoi. With over 100 aggregate years of experience, the principal players have amassed a wealth of knowledge in the worlds of finance and Wall Street culture. The principal beneficiaries of this knowledge are the public at large and member trading desks. www.HedgeFundLIVE.com is a free and open site, requiring no registration process. Visitors to the site are both veteran traders as well as anyone who is in any way curious about trading and the financial markets. Through a combination of lectures, blogs and real-time viewing, visitors will improve their overall understanding, while simultaneously gaining one-of-a-kind exposure to Wall Street culture.
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