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Trading Education Posted by Team Topstep December 12, 2019

The Man Who Took on MF Global with James Koutoulas of Typhon Capital Management

Episode Summary:

James Koutoulas founded Typhon Capital Management in 2008. But it wasn’t until MF Global’s devastating bankruptcy that he found his true calling. On this week’s episode of Limit Up! James talks to Jeff about founding the customer advocacy group Commodity Customer Coalition and discusses the positive changes that have come about from this advocacy work. Tune in and get inspired!

Full Show Notes:

In 2011, MF Global went bankrupt, destroying the livelihoods of thousands of people. James Koutoulas, CEO of Typhon Capital Management, co-founded the Commodity Customer Coalition and set to work helping customers of MF Global get their money back. James joined Jeff for this week’s episode of Limit Up!

Tune in to learn how Typhon Capital Management operates, why James believes traders need to be process-oriented, and how he was able to lead a large customer suit with virtually no experience. 


  • [00:41] – This week: James Koutoulas
  • [01:35] – Listener survey
  • [02:27] – Market reaction
  • [07:31] – Jeff Carter interview with James Koutoulas
    • [08:35] – Futures over equities
    • [09:10] – Screening process
    • [11:59] – Becoming a candidate
    • [13:12] – Qualified eligible participants
    • [15:10] – Getting money out
    • [16:25] – Due diligence
    • [18:04] – Crypto diligence
    • [20:49] – Smarter than the algorithms
    • [22:07] – Commodity Customer Coalition & Corzine
    • [36:21] – Getting CCC off the ground
    • [52:36] – The media angle
    • [54:19] – Non-partisan prosecution


James L. Koutoulas, Esq. is the CEO of Typhon Capital Management, which he founded in 2008. Typhon is a deconstructed multi-strategy trading firm, where managers can focus only on trading under an umbrella of unified operations, compliance, and risk management. He co-founded the Commodity Customer Coalition, a non-profit customer advocacy organization, in response to the MF Global bankruptcy. James is the President and lead attorney for the CCC.

This episode of Limit Up! is hosted by Jeff Carter. Jeff is a general partner at West Loop Ventures. In April of 2007, he co-founded Hyde Park Angels and spearheaded the growth and development of one of the most active angel groups in the United States. He has consulted on the startup of several other angel groups. He is a former independent trader and member of the CME Board of Directors and was part of a small group that transformed CME from an open outcry exchange to the largest electronic exchange in the world. In 1998, CME was worth $182,134,000 in membership enterprise value. Today it’s worth $55 Billion.

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Podcast episode production by Dante32.