Welcome to the latest episode of At the Forefront: Fintech Conversations!
To learn more and listen to our previous episodes, click here.
In this episode, SVP and Head of Media Relations Michael Kingsley sits down with Michael Milani, CEO of Mondeum Capital, a broker-dealer providing modern solutions to active traders.
The discussion opens with a recap of Milani’s career history, from his first corporate job as a wealth manager to his stint as a day trader to the eventual founding of Mondeum Capital. He explains that Mondeum was founded to cater specifically to the active trading community, with technology, pricing and routing options that create differentiation from other broker-dealers in the space.
The conversation then turns to meme stocks – and how this market trend has impacted both active investing strategies and the media’s perspective on the trading landscape. Milani stresses that while meme stock traders have their place in the market, Mondeum caters to seasoned traders with more market structure knowledge and consistent strategies, as opposed to traders who have a tendency to jump on the “stock du jour.”
Milani goes on to speak about Mondeum’s commitment to working with industry regulators such as FINRA and the SEC to remain compliant in its day-to-day operations. He emphasizes how Chief Compliance Officer Preston Haxo ensures that Mondeum goes about its business in a way that both protects clients and ensures regulatory cooperation.
Milani provides some key takeaways from his recent appearance at Bear Bull Traders’ San Diego Summit, where he spoke on how Mondeum enables traders to carry out both equity and ETF strategies. He also talks about the broker-dealer’s unique approach to payment for order flow (PFOF). Mondeum provides its traders with a designated PDOF route, which enables traders to collect a portion of the trade rebate themselves. Lastly, he provides insight on what is next for Mondeum, including plans to add options trading by the end of 2023, and to make additional trading platforms available for its user base, which currently utilizes DAS Trader Pro and Sterling Trader® Pro.
See below for a breakdown of what was discussed. Happy listening!
0:30 – How did you get your start in trading and what compelled you to found Mondeum?
2:10 – Can you define the difference between “active traders” and “investors”? What makes Mondeum different than other broker-dealers?
3:28 – How does Mondeum cater specifically to the active trading community?
4:20 – When users first engage with your platform, what kind of feedback do they give? How is Mondeum different than what they’ve used before?
5:25 – How have meme stocks become part of trading culture and impacted investors’ perspective on the markets?
9:48 – As the new kid on the block, how do you handle questions about how Mondeum interacts with regulators and assure prospects that you’ll be around for a long haul?
12:07 – Can you give us a recap of the recent Bear Bull Traders San Diego Summit?
15:34 – Can you talk about Mondeum’s unique philosophy surrounding PFOF?
18:48 – It’s early days for Mondeum, but can you give us a little insight into your future plans and roadmap?
19:45 – How can our listeners start trading on Mondeum?