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Trading Education Posted by Team Topstep November 21, 2019

The Untapped Potential for Structured Note Trading with Biju Kulathakal

Episode Summary:

The skills learned as a trader are directly applicable to working at a startup. Biju Kulathakal knows all about this transition and stopped by Limit Up! to talk to Jeff about his new startup, Halo Investing. Biju discusses why structured note trading is a virtually untapped market on the rise. Tune in to learn more about the platform and how you can get involved.

Full Show Notes:

In the past, structured note trading was something that was only available to high powered firms or wealthy individuals. A new startup, Halo Investing, is turning that on its head and democratizing structured note trading so that individuals can get a piece of what has become a $3 trillion market. Our guest this week on Limit Up!, Biju Kulathakal, discusses the future of structured note trading and why traders should get in on that now.Biju also talks about his time as a trader and how that helped him on his current path as the CEO of a startup. Stay tuned for this week’s MARKet Reaction.

  • [00:37] – This week: Biju Kulathakal
  • [01:37] – Market reaction
  • [02:39] – Jeff Carter interview with Biju Kulathakal
    • [02:47] – Name A Hotel Room So We Never Forget 
    • [03:28] – Biju’s variety of experiences
    • [04:13] – Embedded optionality
    • [06:16] – Catching the wave
    • [08:53] – A platform for structured notes
    • [13:34] – How Halo is different
    • [17:06] – Protection on the downside
    • [26:48] – Inspiration for an elegant solution
    • [33:38] – Private markets
    • [38:12] – Attracting human capital
    • [43:58] – Being a venture capitalist
    • [48:38] – Diversity of pedigree
    • [55:14] – What’s next for Halo
    • [56:37] – Getting on the platform


Biju Kulathakal is the co-founder and CEO of Halo Investing where he leads the organizational strategy and team. He was one of the early co-founders of Redbox. Additionally, he was a founder and the past Chairman and CEO of Trading Block Holdings, an online brokerage firm specializing in option traders. Biju received a BS in Aerospace Engineering from Illinois Institute of Technology.
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.