Donato A. Montanaro

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Donato Montanaro is Chairman & CEO of online brokerage firm Tradeking, which he co-founded in December 2005. He also helped found online brokerage SureTrade, a subsidiary of Quick & Reilly which was acquired by Fleet Financial Group, now FleetBoston Financial.

TradeKing pioneered the concept of social networking for investors and traders.[1] Montanaro was one of the first financial services CEOs in the United States to write a public blog to investors.

Montanaro is a co-inventor of Fixed Return Options, also known as FROs or binary options, a new investment product launched in May 2008 by the American Stock Exchange. [2] The product was invented by a consortium of financial services executives, led by Montanaro and executives at the Amex.[3][4]

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[edit] Notes

  1. ^ “MySpace for Traders”, Business Week, September 10, 2007."Cyber Traders Turn to Blogging", August 21, 2007, Reuters video.“Investors share tips, track records online, July 12, 2007, USA Today.
  2. ^ SECURITIES AND EXCHANGE COMMISSION Release No. 34-56471; File No. SR-OCC-2007-08, September 19, 2007. “Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of a Proposed Rule Change Relating to Binary Options”. PDF download
  3. ^ “SYSTEM AND METHODS FOR TRADING BINARY OPTIONS ON AN EXCHANGE”, World Intellectual Property Organization filing
  4. ^ Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options.