`
` 1919 West Greenleaf Ave Chicago, IL 60626
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` Tel: (312) 316 9467 Email: cthomas@primalquant.com
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`EXPERIENCE:
` PRIMAL QUANT LLC Chicago, IL (May 2016 – Present)
`
`Founder and Partner. Primal Quant LLC is a technology startup company that will provide
`Web Browser based trading strategy development and testing applications to global retail
`traders. Responsible for all GUI designs, overall application requirements, project and
`developer management.
`
`THOMAS CONSULTING SERVICES, Chicago IL (Feb 2007 to Present)
` Sole Proprietor. Provide Expert Witness Services in Federal Patent Infringement
`and Validity cases in the field of Financial Trading Software.
`
`Provided Expert Witness report, consulting services and testimony at trial in Trading
`Technologies, International Inc. v. eSpeed, et al. Northern District of Illinois Case No.
`04-CV- 5312.
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`Provided Expert Witness report, consulting services and testimony at trial in Trading
`Technologies, International Inc. v. CQG et al. Northern District of Illinois Case No. 05-
`C-4811.
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`Retained as an expert witness and consultant in Trading Technologies, International Inc.
`v. GL Consultants, Inc., et al. Northern District of Illinois Case No. 05-C-4120.
`
`Retained as Expert consultant for Trading Technologies’ United States Patent and Trademark
`Office covered business method patent reviews, each captioned TD Ameritrade Holding Corp.
`et al., Petitioners, v. Trading Technologies International, Inc., Patent Owner, having the case
`numbers CBM2014-00131, CBM2014-00133, CBM2014-00135, CBM2014-00136, and
`CBM2014-00137.
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`Retained as Expert consultant for Trading Technologies’ United States Patent and Trademark
`Office Reexamination Control Numbers 90/013,558, 90/013,540, 90/013,597, 90/013,578.
`
`MARIDUNUM CAPITAL LLC, Chicago IL (May 2011 to May 2016)
` Founder and Partner. Maridunum Capital LLC is a Proprietary Trading Firm specializing in
`Automated Algorithmic trading strategies in the Regulated Futures markets. Designed and
`Developed all algorithms, strategies and software used by the company.
`
`PEMBROKE TRADING LLC Chicago IL (October 2008 to May 2011)
` Partner. Pembroke Trading LLC is a Proprietary Trading Firm specializing in the Regulated
`Futures markets. Designed the proprietary trading and backtesting platform, database and
`order management server applications used by the company. The name of the company
`was changed to FT Trading LLC in May 2011.
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`TRADING TECH EXHIBIT 2201
`TRADESTATION ET AL. v. TRADING TECH
`CBM2016-00051
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`TD SECURITIES (TD OPTIONS LLC), Chicago, IL (March 2002 to October 2008)
` Positions Held:
` January 2007 to October 2008 - Managing Director, ERF Trading Group. Responsible for
`a $50 million Long/Short Equity I Index Futures trading portfolio. Developed the trading
`model for the portfolio, worked with developers to implement the trading model, performed
`backtests of the trading model with historical data, obtained internal Bank approvals for
`this new business initiative, managed a small operational staff to run the trading book.
` August 2003 to December 2006 - Managing Director. Responsible for business
`development for TD Options and Global Equity Derivatives at TD Securities.
`
`Position included gaining internal approvals for new business initiatives, reviewing
`individual business unit efficiencies, acting as liaison between the business units and IT,
`representing IT for TD Securities Internal audits, responsibility for the TD Options Business
`Resumption Plan in Chicago.
` October 2002 to August 2003 - Managing Director & Chief Technology Officer.
`Responsible for Technology Strategy and Key Project Management liaison with TD
`Securities Global Technology in Toronto. Scope of work not limited to TD Options and
`included other TD Securities business units in other parts of the world.
` February 2002 to October 2002 – Managing Director & Chief Technology Officer.
`Responsible for leading an IT staff of approximately 80 people at TD Options in
`Chicago, New York, San Francisco and Philadelphia. This included day to day
`management responsibilities as well as strategic planning, budget planning, and the
`integration of the Stafford Trading and Letco technologies with those of TD Securities.
`STAFFORD TRADING, Chicago, IL (December 1999 - February 2002)
`Chief Technology Officer
`Responsible for all aspects of technology management, including software
`development, IT operations, network and system engineering, administration, and IT
`budgets and financing for Stafford Trading, at the time one of the world's largest proprietary
`trading and options market-making firms. Managed a staff of approximately 100 IT
`employees.
` Accomplishments included:
`Conducted several months of technology presentations, due diligence work and contract
`negotiations in 2001 for the sale of the technology and exchange floor operations of
`Stafford Trading and Ragnarok Systems Inc. to TD Securities, a subsidiary of TD Bank
`Financial Group.
` Co-founder and CTO of Ragnarok Systems, Inc. a company majority owned by John
`Stafford which developed and supported Financial Instrument Transaction Systems.
`Raganrok was featured on Microsoft’s web site as a case study for Windows 2000 Data
`Center Edition and for SQL Server 2000. Ragnarok Systems, Inc. was sold to TD Securities
`in February 2002.
`Designed a desktop trade execution application named "OptionMan" to replace existing
`Stafford desktop trade execution systems. OptionMan was designed for traders to
`manually execute equities, indexes, options and futures in electronic markets.
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`Established formal IT Service Management processes for Incident Management, Problem
`Management, Change Management, and Release to Production based on ITIL (IT
`Infrastructure Library) best practices, and established ITIL training programs for all Stafford
`Trading IT employees.
`
`Managed approximately 100 IT employees in the US and Europe and an IT budget in
`excess of $20 Million per year. Implemented budget and cost saving initiatives in IT staffing,
`communications, consulting and market data subscriptions in 2001 that resulted in
`substantial savings to the business.
` Completed the construction of an additional 2300 sq ft state of the art data center.
` Established a Corporate Intranet to replace over a dozen client software applications that
`performed trader P&L, difference sheets, edge reports, historical volatilities and
`correlations, HR and several other functions with a fully web based solution.
` Established a Management Information Systems (MIS) group to perform IT project and
`process management and to administer the corporate Intranet.
` Replaced the existing IT management team with higher quality staff in the networking, IT
`Operations, hardware and systems administration groups. This resulted in a much higher
`quality of work and greater reliability of the IT Infrastructure to the business.
` LFG, LLC, Chicago, IL (January 1998 - November 1999)
`Chief Technologist- FuturesOnline Division
`Designed, developed and implemented the first US web browser based commodity
`order entry and risk management trading platform "Futuresonline" that allowed retail and
`institutional clients of LFG, a Chicago based Futures Commission Merchant, to execute
`orders, view quotes and account balances for US commodity futures on the Internet.
` Accomplishments included:
`
`Conducted extensive market research on various non-browser based online trading
`systems to differentiate the application functionality. This process allowed the firm to
`maintain its profit margins in an environment of lower commissions industry-wide.
` Created a process to private label the FuturesOnline trading platform for Introducing
`Brokers of LFG LLC and two other Futures Commission Merchants.
` Integration of the Futuresonline web application with the back office IBM AS400 based
`Clearing System and real time market data feeds.
`
`Oversaw the integration efforts for all Introducing Broker and Futures Commission
`Merchants Private Label initiatives from the requirements gathering stage to production
`rollout.
` FuturesOnline was featured on Microsoft's web site as a case study for the use of Microsoft
`DNA technology.
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`EMERALD MARKET SYSTEMS, INC. Chicago, IL ( July 1997 - December 1997)
` Chief Technologist
`Designed and implemented a web browser based streaming market quotes product for
`The Chicago Mercantile Exchange for distribution of real time quotes on selected markets
`to the general public over the Internet.
`COMMODITY TRADING ADVISOR AND SOFTWARE DEVELOPER , Chicago, IL
`(May 1993 to June 1997)
` Conducted further research and refinement on a proprietary automated trading model.
`Registered Commodity Trading Advisor with the National Futures Association. Actively
`traded accounts in the currency futures market specifically from the signals generated from
`the automated trading models. Performed development services for selected clients on a
`consulting basis. Was featured and interviewed in the Chicago Mercantile Exchange
`Educational Video entitled "The Currency Opportunity" in February 1995.
` FX ASSET MANAGEMENT, INC. Chicago, IL (April 1991 to April 1993)
` Vice President
`Responsible for starting the corporation in Chicago for the parent company in England.
`Performed all NFA and CFTC registration requirements, and acquired suitable computer
`systems. The corporation was set up to market the services of a Foreign Exchange trading
`advisory firm in England. At a later date traded for customer accounts, as the relationship
`with the UK Advisory firm was terminated. In this capacity, initiated relationships with
`banks, Commodity Pool Operators, Fund Managers and Brokerage Houses as well as
`being responsible for overall customer trading strategies.
`INDEPENDENT RESEARCH Bristol, England (May 1990 to March 1991)
`Conducted full time, self-funded research on Interbank Foreign Exchange Trading and
`computer based trading system development.
`NATIONAL WESTMINSTER BANK Bristol, England (October 1989 to May 1990)
` Registrars Data Management Department - Worked on a contract basis on the
`administration of the privatization of the Water Utility Companies by the UK Government,
`and on administration of UK public corporations employee stock incentive plans. All work
`was undertaken on an IBM mainframe computer and an IBM AS400 minicomputer.
`NATIONAL FINANCIAL MANAGEMENT Bristol, England (July 1987 to September
`1989)
` Account Executive
`Advised individual clients on various insurance, pension, tax planning and investment
`plans. Built up a client base of over 200 clients in a two-year period.
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`EDUCATION:
` UNIVERSITY OF THE WEST OF ENGLAND. Bristol, England (1983 - 1987)
` Bachelor of Science in Applied Biological Sciences - June 1987 Concentrations in
`Molecular Biology and Plant Production Biology.
`CONTROL TRAINING LIMITED Bristol, England (1990)
` Structured Systems Analysis and Design Methodology (SSADM) and COBOL
`programming.
` INTERESTS:
` Competitive Sailing, rugby, biking, music, fitness.
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