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John Paul DeVito - Unique Experiences and Powerful Stories From Nearly 50 Years on Wall Street
Chapters
00:00 Introduction and John Paul DeVito's Journey in Finance
03:44 Early Years on Wall Street
09:24 Experience with Jordan Belfort
15:37 Initial Lessons & Evolution of Electronic Trading
25:08 Unique Experience and Perspective on 9/11
36:52 Moving forward with Entrepreneurial Endeavors
49:36 Inteliclear - Post Trade Processing For The Modern Era
01:06:40 The Backstory and Opportunity with OpenHand
01:19:05 Some stories and Life Lessons
Summary (AI Generated Show Notes)
In this episode, Max Melmed interviews John Paul DeVito about his early years on Wall Street and his experiences during September 11th. They discuss DeVito's journey into finance, the challenges he faced as an Italian on Wall Street, and the evolution of capital markets and electronic trading. They also touch on DeVito's involvement with Stratton Oakmont and the downfall of Adler Coleman. The conversation highlights the importance of regulatory compliance and the need for innovation in the industry. The conversation in this part focuses on the personal experiences of John Paul DeVito during the events of September 11, 2001, and the subsequent founding of IntelliClear. John shares his perspective on the tragedy and the acts of heroism he witnessed. He emphasizes the importance of doing the right thing and helping others. The conversation then shifts to the founding of IntelliClear and the challenges of building a new business in the financial industry. John highlights the need for efficient back-office processing and the role IntelliClear plays in providing solutions for traditional and alternative assets. He also discusses the role of blockchain technology as a messaging layer and the future of capital markets. Openhand is a subscription-based trading platform that aims to provide benefits to its members. It offers credits back to members' accounts that are greater than their subscription fees, allowing them to donate to charitable causes. The platform also focuses on transparency and providing true costs to members, such as the true cost of margin debit balances and the highest interest rates on credit balances. Openhand aims to revolutionize capital markets and create a community of members who benefit from their trading activities.
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By Max MelmedChapters
00:00 Introduction and John Paul DeVito's Journey in Finance
03:44 Early Years on Wall Street
09:24 Experience with Jordan Belfort
15:37 Initial Lessons & Evolution of Electronic Trading
25:08 Unique Experience and Perspective on 9/11
36:52 Moving forward with Entrepreneurial Endeavors
49:36 Inteliclear - Post Trade Processing For The Modern Era
01:06:40 The Backstory and Opportunity with OpenHand
01:19:05 Some stories and Life Lessons
Summary (AI Generated Show Notes)
In this episode, Max Melmed interviews John Paul DeVito about his early years on Wall Street and his experiences during September 11th. They discuss DeVito's journey into finance, the challenges he faced as an Italian on Wall Street, and the evolution of capital markets and electronic trading. They also touch on DeVito's involvement with Stratton Oakmont and the downfall of Adler Coleman. The conversation highlights the importance of regulatory compliance and the need for innovation in the industry. The conversation in this part focuses on the personal experiences of John Paul DeVito during the events of September 11, 2001, and the subsequent founding of IntelliClear. John shares his perspective on the tragedy and the acts of heroism he witnessed. He emphasizes the importance of doing the right thing and helping others. The conversation then shifts to the founding of IntelliClear and the challenges of building a new business in the financial industry. John highlights the need for efficient back-office processing and the role IntelliClear plays in providing solutions for traditional and alternative assets. He also discusses the role of blockchain technology as a messaging layer and the future of capital markets. Openhand is a subscription-based trading platform that aims to provide benefits to its members. It offers credits back to members' accounts that are greater than their subscription fees, allowing them to donate to charitable causes. The platform also focuses on transparency and providing true costs to members, such as the true cost of margin debit balances and the highest interest rates on credit balances. Openhand aims to revolutionize capital markets and create a community of members who benefit from their trading activities.