Richard Hickling knows a thing or two about what it’s like to work in technology in an investment bank. During a 20-year career in financial technology, he’s worked everywhere, from the New York Stock Exchange to Bloomberg, Deutsche Bank, Barclays, Macquarie, BNP Paribas and Bank of America. His specialty was financial software and analysis. But in January 2020, Hickling gave it all up to found a supplier of cryptography tools.
Contrary to the common perception of tech jobs in investment banking, Hickling says the banking industry is not a bad place to work as a developer. “What I have always loved about working in banks is that you are working with great technologists in an area that is fundamentally important to the global economy, ”he says. ground.”
A frequent complaint of technologists in banks is that they are second-class citizens compared to salespeople and traders who deal with customers. However, Hickling says that is to be expected because working in technology at a bank is like being part of a Formula 1 racing team. that they be recognized. “
Hickling says you could have around 200 people supporting an office manager in a trading floor across middle and back office and pre-negotiation processes. “Everything is done to help traders. They are the ones who take the risk. Just as Lewis Hamilton is the name everyone knows from Formula 1, traders are the names everyone knows in banking, Hickling explains.
When Hickling started working in fintech in 2000, he says the industry didn’t have the hue it has today. – Technologists did not want to work in defense companies, but finance was still seen as a desirable career destination. He is keen on his rehabilitation – Traders in banks and funds are at the heart of everything, and if you work as a technologist in a trading room, you serve an important global function, he says. “These traders value everything on a global scale. You have a relatively small number of people setting prices through their trading activities. It’s a critical part of how the economy stays in its fluid state. ”
If working as a technologist in the trading floor was so rewarding, why did Hickling stop doing it? Crypto was even more exciting. “Once I realized what crypto trading looked like, I was hooked,” he says. “Crypto trading has has really only been around since 2009 and was mostly under the radar – no one has had the chance to write all the necessary trading tools, especially for professionals. “
Hickling’s new business, ProfitView, fills this gap and provides crypto traders with the types of PnL and risk analysis tools available for other asset classes. “WWe manage the P&L in real time, and we go to the last Satoshi, ”he says. The intention is to cover pre- and post-trade analysis in the crypto space, both for boutique crypto funds and for professionally launched crypto funds in other asset classes.
Hickling co-founded ProfitView with Jahan Zahid, a former FX trader and Bank of America quant. The company is self-financed. At the moment, they have partnered with crypto trading company Bitmex, but they want to expand to 17 other major exchanges in the coming months. Hickling says he coded the platform himself – which is clearly another advantage of years in fintech. The intention is to hire other developers soon.
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