Dr. Ernest P. Chan is the Managing Member of QTS Capital Management, LLC. His career since 1994 has been focusing on the development of statistical models and advanced computer algorithms to find patterns and trends in large quantities of data.
Ernie spearheaded IBM’s research effort to develop a system for searching large text databases, catapulting IBM’s reputation to a top player in the field. At the Data Mining group in Morgan Stanley’s headquarter in New York, Ernie pioneered the application of some of these sophisticated statistical algorithms to the complex task of extracting customer relationships in the Morgan Stanley customer accounts database. He was a proprietary trader and quantitative researcher at Credit Suisse in New York in 1998, a senior quantitative analyst at Mapleridge Capital Management Corp. in 2002, and a senior quantitative analyst and trader at Maple Financial in 2003. He co-founded EXP Capital Management, LLC, a Chicago-based fund management company in 2008. He founded QTS Capital Management, LLC. in 2011.
Ernie writes the Quantitative Trading blog and was quoted by the New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program, Technical Analysis of Stocks and Commodities magazine, Securities Industry News, Automated Trader magazine, and the CFA Institute Magazine on topics related to quantitative trading. He was an invited speaker at the Automated Trading conference in London, UK, in October 2009, the Market Technicians Association Toronto Annual Conference in 2010, the Quant Invest Canada conference in 2012, and QuantCon in New York in 2015 and 2016. He is the author of “Quantitative Trading: How to Build Your Own Algorithmic Trading Business” and “Algorithmic Trading: Winning Strategies and Their Rationale“, both published by Wiley. His new book “Machine Trading: Deploying Computer Algorithms to Conquer the Markets” was published in 2017. He was an Adjunct Associate Professor of Finance at Nanyang Technological University in Singapore, and an Industry Fellow of the NTU-SGX Centre for Financial Education.
Ernie holds a Bachelor of Science degree from University of Toronto in 1988, a Master of Science (1991) and a Doctor of Philosophy (1994) degree in theoretical physics from Cornell University.
Dr. Roger Hunter is the Chief Technology Officer of QTS. He is responsible for designing our high-performance automated execution system that achieved negative slippage. Roger was the founder and former manager of a highly profitable equities fund, and was the founder and former CEO of a software firm employing more than 40 professionals that was sold to Thomson Reuters. His firm’s software is currently in use at the U.S. Federal Reserve. Roger was formerly professor of mathematics at New Mexico State University, and he obtained his Ph.D. in Mathematics from Australian National University. Roger was profiled in a Bloomberg Businessweek article.