Scott Sheridan | Source | CEO, tastytrade at tastylive

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Scott Sheridan

CEO, tastytrade at tastylive
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Scott Sheridan is the CEO of tastytrade, a brokerage firm launched by the founders of thinkorswim in 2017. tastytrade is built for retail traders at every level, with tools that are set up to help traders immediately succeed with outstanding customer support.
You can find Scott on the show, Live From the tastytrade Trade Desk, where he joins Tom Sosnoff and Tony Battista to talk about the daily market activity and to share the most heavily traded products of the day.
Scott has over 36 years of experience in the financial sector. Scott started as a Chicago Board Options Exchange market maker for nearly 20 years. Then spent 13 years as the co-founder of thinkorswim, a trading technology platform offering industry-leading trading tools, streaming real-time data, and powerful analytics. He was also the co-founder of Sosnoff Sheridan Corporation, a large advisory firm based in Chicago.
Outside of the trading world, Scott has served on the Foundation Board for the Ann and Robert H. Lurie Children’s Hospital of Chicago since 2012.

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  • "I'm not sure crypto can be considered a safe haven given its volatility. I think part of the appeal of crypto was related to equity valuations being high. You had a lot of money chasing alpha and the perceived risk/reward in chasing high valuation opportunities was too risky. Crypto, on the other hand, doesn't have the same valuation metrics. It's still in its infancy and so are its valuation models. That ambiguity, with respect to valuations, is what allowed for investors to justify chasing prices higher. If I'm right on that, then I would expect the volatility in crypto to outlast the volatility in equities, something you don't want if you're seeking a safe haven.

    I don't see crypto turning around until equities do and market volatility subsides, as measured by VIX. Once we get back to a VIX near its mean of 18, then I think you'll see equity prices stabilize and at that point, you might see crypto stabilize or begin moving higher. Until then, I think the combination of potential alpha in equity markets and the evolving state and subsequent turbulence in crypto are more geared toward speculation than they are sheltered from the storm."

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