A regulatory probe and bond documents show how a $42 billion war chest and an embrace of risk drive profits.
Jane Street’s Trading Secrets Spill Into Open and Face Rivals’ Scrutiny Read More »
It’s not every day that a regulator as methodical and reserved as India’s SEBI accuses one of the world’s largest trading firms of a “sinister scheme.”
The Jane Street India Scandal Is A Wake-Up Call – No Matter The Outcome Read More »
Retail traders today face a paradox. Markets have never been more accessible, or more hazardous. What looks like opportunity can quickly become a trap, especially in the age of social media-fueled speculation.
Why Training Still Beats the Hype: Lessons from a Modern Trading Trap Read More »
In a recent op-ed for the Financial Times, BlackRock Chair and CEO Larry Fink called for the second draft of globalisation. Fink outlined how “the Trump administration’s tariffs are the symptom of a backlash to the era of what might be called ‘globalism without guardrails.’
Why Real Trading Needs To Mean Something In 2025: The Case Against Gamified Prop Trading Read More »
In a 29-page letter to the SEC, Ken Griffin’s market-making behemoth raised alarm bells over the rise of “private rooms,” opaque trading venues where only select parties are allowed to transact, and the advent of 24-hour markets.
Citadel’s Complaints Reveal Fears Of Being Beaten At Their Own Game Read More »
There’s always been a tech war within the trading industry. Our firm prioritizes human insight over algorithms, meaning all the trading decisions are made by humans.
The Data Wars: Why More Trading Should Mean More Traders Read More »
Speed and automation is not necessarily better. We must embrace the human element of trading — leveraging technology to enhance human judgment, not replace it.
Man Or Machine: Who Owns the Future Of Trading? Read More »
The post-GameStop trading boom brought retail trading into the spotlight, sparking a rise in “funded trader programs” marketed as low-risk opportunities for aspiring traders. However, these programs often exploit traders through high fees, unfavorable trading conditions, and misaligned incentives, ensuring the firms profit regardless of traders’ success.
The Problem With ‘Funded Trader Programs’: Traders Become the Product Read More »
While AI promises innovation, it magnifies volatility and accountability issues, as seen in events like the 2010 Flash Crash. The rise of algorithmic trading demands urgent regulatory focus to balance technological advancements with human oversight, ensuring financial markets remain transparent and accountable.
Humans vs. AI in The Stock Market: The Worst Trade Ever Made? Read More »
Daniel Schlaepfer is the President and CEO of Select Vantage Inc (SVI), and its affiliates Select Vantage Canada Inc, Select Vantage Ontario Inc and Elite Vantage Placement Ltd. SVI is a global leader in electronic market-making, employing over 2,500 staff in 39 countries. On any given day, the firm can trade over US$3 billion a day on global stock markets.
Educated in Canada, Daniel received an MBA from the John Molson School of Business, Goodman Institute of Investment Management at Concordia University, and a Bachelor of Commerce from the Rotman School of Management at the University of Toronto. He is a CFA charter holder and passed the FINRA series 7 and 24 exams as well as CSI courses, CSC and PDO.
In 2019 Daniel was named to Canada’s Top 40 under 40 list and Concordia University’s Top 50 under 50 alumni shaping business in Canada. He is also a serving member of the Ontario Securities Commission’s Market Structure Advisory Committee (MSAC), a forum that discusses issues associated with market structure and marketplace operations in the Canadian markets.
