Trillium’s core management team and senior traders began their careers in the mid-1990s at Datek Securities. Datek pioneered the electronic trading industry, starting with a handful of traders in a Staten Island basement and later growing into:
A retail on-line trading business that was sold to Ameritrade for $1.3 billion in 2002 and is now known as TD Ameritrade;
The first electronic order matching system, which later became Island ECN and is now the foundation of NASDAQ’s system architecture;
Hubb Solutions, a retail direct market access broker dealer catering to high frequency intra-day quantitative hedge funds, which was later merged into Lightspeed Financial;
Heartland Securities, a day trading firm which at its peak employed over 350 traders and customers.
Trillium acquired Heartland’s proprietary day trading operations in 2003. In the decade since, Trillium has used its extensive industry knowledge and experience to become a leading day trading firm, trading over 50 billion shares in all market environments, and to create a suite of unique trading and compliance technology products that are unrivaled in the industry.
Lee Maschler is Trillium’s founder, non-executive Chairman and principal owner. Over his 17 years in the electronic trading industry, Lee has also founded or co-founded:
Lion Cave Capital, a proprietary trading firm staffed by a world-class team of computer scientists;
Castle Financial Management, a multi-family office specializing in Portfolio Management, Estate Planning, Tax Optimization and Alternative Investments;
Castle Strategic Trading, a quantitative fund co-managed by a PhD in finance; and
Hubb Solutions, a retail direct market access broker dealer catering to high frequency intra-day quantitative hedge funds, which was later merged into Lightspeed Financial, on whose board Lee now sits.
Lee graduated from Cornell University and is currently a visiting lecturer for the Cornell Financial Engineering in Manhattan master’s program. In 2012 Lee and his wife Marjorie launched the Lee and Marjorie Maschler Charitable Fund, which supports education, arts and sciences. One of its first projects has been to co-found and support the SI Sandy Relief Fund, a charity to help families on Staten Island who were hit hard by Hurricane Sandy get their lives and their homes back together. Lee resides in Princeton, NJ with his wife and three children.
Chief Executive Officer
Barry Schwarz is Trillium’s Chief Executive Officer. Over his 19 year career on Wall Street, Barry has held executive positions at Heartland Securities and Datek Online, has served as a director of LightSpeed Financial and two other closely held trading entities, has been a registered principal at Trillium’s former broker-dealer affiliate, and has served as the liquidating trustee of Heartland. Barry began his career on Wall Street as a psychologyclinician in private practice providing consulting and counseling services to the trading community. He received BS and MS degrees in counseling from Queens College. Barry resides in Woodbury, Long Island with his wife and three children.
General Counsel & Chief Compliance Officer
Michael Friedman supervises Trillium’s regulatory compliance and designs Trillium’s compliance technology tools. Michael joined Trillium in 2012 after working for several years as Trillium’s outside regulatory counsel while a partner at the law firm of Winston & Strawn. Over his 13-year career at Winston, Michael represented a wide variety of securities firms, banks, issuers, and investors in securities litigation in state and federal courts and before regulators. Michael received a BA cum laude from Princeton University and a JD from Northwestern University. He currently serves on the boards of two film industry non-profit organizations, the National Board of Review and the Moving Picture Institute. His articles have been published in The New York Law Journal and The Deal Magazine, and in 2009 he was awarded the Burton Award for excellence in legal writing. Michael lives in lower Manhattan with his wife and two sons.
Chief Financial Officer & Chief Operating Officer
Diana Cucciniello is Trillium’s Chief Financial Officer and Chief Operating Officer. Diana has over 15 years of experience in financial operations and management, including as Chief Financial Officer of King Financial Services, Inc. a self-clearing broker dealer, which cleared approximately one billion shares a month at its peak. She received her Bachelor’s degree in Accounting and Finance from Caldwell College. In addition to her work at Trillium, Diana and her husband volunteer with and donate to Hurricane Sandy charities and victims, and are advocates and donors to children’s cancer related organizations. She resides in New Jersey with her husband and two sons.
Dan Balber has over 18 years of electronic trading experience and is currently Trillium’s Head Trader. Dan is responsible for allocating capital and managing risk for Trillium’s 100+ traders as well as running the day to day management of all equity trading operations. Dan has lectured on electronic trading at Columbia University’s Fu Foundation School of Engineering and Applied Science, and served as an expert witness in civil securities litigation. He has also served on the advisory board of Whole Brain Creativity, an online personal assessment technology start-up. He received a BA in economics from the University of Pennsylvania. Dan lives in Chappaqua, NY with his wife and two sons.
Chief Strategy Officer
With over 17 years of electronic trading experience, Howard Teitelman is Trillium’s Chief Strategy Officer, serving as a liaison between the traders and the technology team. He received a BS in Engineering Management Systems and an MS in Operations Research both from Columbia University, where he was selected as an early inductee into Tau Beta Pi, the National Engineering Honor Society and Omega Rho, the International Operations Research Honor Society, and has lectured on trading and technology in the financial markets at the School of Engineering and Applied Science. Prior to joining Trillium, Howard worked at General Electric’s Research and Development Center in Schenectady, NY and constructed a statistical model to determine default risk associated with sub-prime auto loans. Howard lives in Teaneck, NJ with his wife and five children.
Chief Technology Officer
Erik Gordon is Trillium’s Chief Technology Officer and oversees the development of Trillium’s robust suite of electronic trading systems and software. Over his 17-year career, Erik has lent his technical expertise to various start-ups, research laboratories, and financial services institutions. A published mathematician, Erik received his BS summa cum laude and MS degrees in Applied Mathematics from the New Jersey Institute of Technology. In 2010, Erik was appointed to the Advisory Board for the Department of Mathematical Sciences at NJIT. His widely varied body of work has led to publications, patents, and talks at major research centers. Erik lives in West Windsor, NJ with his wife and two children.
Director of Human Resources
Cary Grill has been active in the short-term US equities markets for over 20 years. He spent the first 12 years of his career as an active trader, trainer, manager, mentor, coach, and trading innovator, and holds the record for most consecutive positive trading days in the history of the firm. In 2005, Cary transitioned his career to Director of Human Resources and Head Recruiter, where he acts as a teacher and mentor to incoming traders while helping to manage current active traders in the firm. He earned a BA from the University of Maryland and a Human Resource Directors Certificate from the School of Industrial and Labor Relations at Cornell University. Cary lives in Livingston, NJ with his wife and two daughters.