Roman Vishnevsky is one of the successful traders, owner of a hedge fund, co-founder and managing partner of a brokerage investment company United Traders. What is he known for, and how will his experience be useful to practicing traders?
Photo by Vishnevsky.
Roman is a native of Cheboksary, but he spent his childhood in Germany, where his parents went to work. As a teenager, he returned to Russia with his family, but moved to live in Moscow, where the future speculator went to study at a physics and mathematics school, after which he entered the Higher School of Economics in the capital. It was there that he learned what stock and currency exchanges are, what assets are, and what trading is in general.
For reference! Vishnevsky from a young age dreamed of becoming a banker, and in his third year at the Higher School of Economics, he thought about who he should be: go to work in a bank or become a trader.
The desire to learn to trade on the stock exchange won, as a result, at the age of 19, Roman began to master the basics of speculative business. The first attempt of the trader was successful, he managed to get as much as 30% of the profit from the money invested, which his parents gave him, on Gazprom shares. Before the first impressions had cooled down and the euphoria had passed, the value of the assets collapsed, and Vishnevsky lost everything at once.
But the money had to be returned, so he decided not to quit trading, but to continue working on the stock exchange, but start with training. Moreover, the future owner of the hedge fund went to get knowledge not just anywhere, but to a Canadian company (which one, Roman keeps secret). But it is known that this is a prop-trading organization where Vishnevsky also worked. For a very short term, starting his education from scratch, he went from a beginner to a successful trader, achieved high results in scalping on American stocks.
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At the same time, Vishnevsky received the specialty of an economist in stock and financial markets and successfully defends a thesis, in which the question was revealed: who trades better, a robot or a person? In the final part, Roman argues that the best option is to intelligently combine both methods.
In 2009, Wisniewski makes his first million dollars based on the fallout from the American financial crisis. While working and studying in a Canadian company, he met his future business partners:
This risky trinity agrees and decides to create their own prop trading company, United Traders.
Naturally, this required large investments, but each of the partners could afford it.
For reference! Prop-trading activity involves trading a variety of assets with your own capital, and not with client funds attracted for trust management.
As in any prop trading company, in United Traders, managers increase income only thanks to their own earnings, without using other market sources of profit.
Each of the partners in the company has its own scope and responsibilities, but decisions are made collectively. So, for example, Roman is responsible for interaction with international business partners and government bodies different countries.
Official website of the fund.
In July 2013, a hedge fund was created on the basis of United Traders, whose strategy in terms of its profitability is much higher than other banking instruments, and both individuals and legal entities can invest in Kvadrat SPC.
Nuance! Vishnevsky's hedge fund does not pay dividends. The profit is accumulated, and only after a year the investor has the right to sell all or part of his shares.
You can sell assets directly in the company, and the price is offered on the last day of evaluation. The maximum drawdown that was observed in Kvadrat SPC is only 10%, and the risks are 3%. The company offers work with thirty highly profitable strategies: from 10 to 50%. Thus, an investor can increase his capital by an average of 30% per year.
To start activities and join Kvadrat SPC, a number of conditions must be met:
Unfortunately, there is practically no information on the official resource of the company, therefore, to clarify the details, you will have to contact one of the three managers whose contacts are provided.
It is interesting that this organization does not have specific regulators, but its reliability is guaranteed by the most authoritative structures in the world, for example, Deutsche Bank and Wedbush securities. The fund is not audited.
Vishnevsky does not blog or publish analytical videos on YouTube, unlike many experts. But these specialists do not own their own brokerage company and a hedge fund, and Roman owns it, so he has a busy schedule. On the Internet, you can only find his page on the social networks Instagram, Vkontakte and Facebook, as well as interviews and articles published in world-famous publications, such as Forbes.
There is an analytical site by Roman Vishnevsky, but it is difficult to say whether it belongs to this particular person. The main publications on the resource are about the US economy, Donald Trump and his impact on the financial life of America. If you register on the site and subscribe to the news, you can get access to closed articles.
Main page romanvishnevsky.ru.
But a prop trading company may be of interest to traders, although it is not so easy to become its client, as the owners prefer to work with serious and purposeful people. For example, a beginner needs to replenish a deposit of $300, while investors and clients who prefer pair trading need $5,000, although there are no special restrictions for those who wish. But the company provides a trading platform of its own design, plus access to the most popular and functional sites.
To become a member of the organization, you must do the following:
The winner of such a competition becomes a full member of the team and receives an amount of several million rubles for his development, having the opportunity to increase profitability up to 60%.
Interesting! United Traders has recorded cases (and managers claim there is evidence of this) when a trader became a millionaire in a short period of time.
Both to work in a prop trading center and to manage the assets of a hedge fund, it is proposed to undergo training:
The best students have the opportunity to get into the staff of the company and become one of the managers of the Kvadrat SPC hedge fund.
What is the secret of Roman Vishnevsky's success is hard to say. In any case, he declares that he owes this to himself, to his ability to maintain composure in the most unpredictable situations. Among traders, they even said at one time that he was the most unemotional speculator of all known. The basic principle of Roman's activity is that if you can lose, then you need to be able to gain, there are no other options.
"Are you making money? - I'm making money. The first conversation of the three future founders of United Traders Roman Vishnevsky, Dmitry Belousov and Anatoly Radchenko in the Terrace restaurant in St. Petersburg overlooking St. Isaac's Cathedral was short. In the trading environment, it is not customary to discuss strategies in detail. A mutual friend introduced them to each other as " the best traders”, which all three were surprised a lot: each of them considered himself the best in the profession. Vishnevsky and Belousov, going to St. Petersburg in May 2008 for this meeting, rented an S-class Mercedes. The pathos turned out to be inappropriate: a St. Petersburg colleague met them in a tracksuit.
Less than a year later, all three quit their companies one by one to start their own. The partners were barely over 20, and they quickly found a common language. All three were not satisfied with hired work for a small commission of 20% of the profits and the inability to use more promising, from their point of view, strategies. So in March 2009, the United Traders company appeared, its main activity is prop trading (from the English proprietary trading - own trading). Prop traders trade with the funds of the company and on its behalf. Typically, a trader makes a security deposit to an account with a company, which increases it several times. Thus, he gets the opportunity to trade with leverage, for example, 1:50, which is impossible when working through a regular broker. The losses of the prop trader are limited: as soon as the negative result exceeds the amount deposited, the account is blocked. In case of success, the trader is paid from 10% (beginner rate) to 90% of the profit he has earned.
Vishnevsky and Belousov had experience in such a company - before the creation of United Traders, they worked in the Canadian Swift Trade and were part of a global network of 4,500 traders built by Hungarian-born businessman Peter Beck. An extensive network allowed Back to take the company to the top ten brokers in terms of turnover on the Nasdaq stock exchange. Young students were hired as low-wage traders in Russia, Romania, Nicaragua, China and other countries. After a short introductory course, they received a trading account with a leverage on the company's funds.
For a couple of years, in 2007-2008, Vishnevsky and Belousov earned about $2 million for Swift Trade, of which they received a fifth. Their main strategy is scalping, making hundreds of speculative trades within a trading day, each of which can bring a small profit. They made the biggest money in the midst of the crisis: they shorted the securities of the financial sector and made money on volatility.
Radchenko at that time worked in the St. Petersburg company Title Trading, he was closer to the intraday trading strategy, which implies the conclusion of a smaller number of transactions than with scalping.
The partners invested $80,000 in their own company, then over the course of three years they reinvested most of the profits into development. United Traders rents a dealing room for 100 workplaces with an area of 500 sq. m in the business center near the Aviamotornaya metro station. The company acts as a service provider for approximately 200 professional traders and more than 1000 beginners. There are 70 people in the staff, half of them are key traders for the company, their income can reach 80% of the profits.
United Traders has access to $200M intraday Money from foreign partners. To trade them, the prop company's own funds must be at least $5 million.
Partners of United Traders name Swift Trade and Hold Brothers among their direct competitors. Both companies are known for their use of the layering strategy. It is based on the exposure a large number buy or sell orders that give the impression of a large supply or demand. As a result, ordinary investors make deals at prices they would not otherwise enter into, and manipulators make money on price differences and volatility. For this, Swift Trade and other companies of Peter Beck paid the price with fines imposed by British, American and Canadian regulators.
The US Securities and Exchange Commission (SEC) fined these companies $500,000, and the Canadian regulator OSC $400,000. The OSC also banned Back from holding management positions for two years. The largest American self-regulatory organization FINRA forbade Beck to have relations with all its members. But the biggest fine - a record for manipulation - was imposed on Swift Trade by the British regulator FSA for £8 million. As a result, the company officially ceased operations two years ago. Hold Brothers received similar claims for $4 million for manipulations in 2009-2010 last year from the SEC.
What does this have to do with United Traders? Vishnevsky says that when he collaborated with Swift Trade, he developed his own trading strategy, which became widespread all over the world, but it was modified by Chinese traders, after which it became known as layering. “All United Traders trading strategies are legal and profitable,” says Wisniewski.
At the beginning of the year, the company launches the Kvadrat Black hedge fund: the estimated amount of funds under management is $100 million, the yield target is from 30% per annum and the risk of losses is up to 10%. Stock indices are growing at a more modest pace. But for traders who, like Vishnevsky and his partners, earn on arbitrage strategies, such profitability does not look exorbitant. Before entering the retail market, United Traders won the "Best Private Investor" award twice. The trading robot of the company showed the best result in terms of profitability both in 2011 (7833% for 2.5 months) and in 2012 (5288%). Profitability of this level can be shown on a small volume, the starting amounts of the contestants were 50,000-150,000 rubles. The higher the volume, the lower the yield: testing strategies for the Kvadrat fund over the past year on an unaudited account with $5 million shows 40% per annum.
Investors with a minimum amount of $300,000 and an investment horizon of one year can join the Kvadrat Black fund. The fund is registered in the Cayman Islands under English law. There are three main trading strategies: statistical arbitrage in Russian futures, “volatility smile” arbitrage in US stock options, and trend algorithmic trading in US stocks. Strategies allow you to profit from the difference in prices for related financial instruments. And rise or fall valuable papers. Eight traders and programmers are involved in the work of the fund.
“Investing in algorithmic funds is possible provided that the investor understands the manager’s strategy well and feels comfortable with the level of risk inherent in the algorithm,” says Anatoly Tsoir, managing partner of the Granat Equity Fund algorithmic fund. Perhaps, for someone, understanding the financial "black square" will be more productive than the work of the same name by the world-famous suprematist.
Photo: George Kardava Have you met the man of your dreams yet? Then you are here! PEOPLETALK continues to acquaint his beloved readers with eligible suitors. So, the name of the hero of this week is (29). He is a trader and managing partner of an investment company United Traders . Despite the fact that the work takes almost his entire life, he finds time for expensive cars, sports and travel. Today, Roman told us about his career, strengths and weaknesses, as well as which girls attract him the most. Read the interview to the end - it will be interesting! And then you can act!ABOUT MYSELF I was born in Cheboksary Then my family and I moved to Germany. All my childhood was spent there: I learned to write, read and speak German. We then returned to Moscow, and I, accordingly, forgot everything. I studied at a physics and mathematics school, then at an economic school and ended up in Higher School of Economics. Mathematics is my favorite subject. AT Higher School of Economics I found out what it is stock Exchange, stock "Gazprom" and so on. And from the age of 19 he already began to trade on the stock exchange. As a child, I always wanted to be a banker. When I was looking for a job in my third year, I chose between banking and trading. Eventually, he became a trader. ABOUT WORK I am a co-owner of the investment company United Traders, which I founded in 2009 with two partners. My job is to grow the business. Our job is that we, relatively speaking, buy and sell shares Apple, for example, on the American stock exchange. I am satisfied with my work. By nature, I am such a person that I do not have breakdowns, I am emotionally stable. And it helps me a lot in trading. The psychology is important. If you are constantly nervous, then emotions begin to influence the decision-making process, and you make rash transactions, buy stocks when they fall, and vice versa.
HOBBIES Now I am actively involved in a variety of sports. I go to the pool, run, do some physical exercises and play football. Snowboarding in winter and basketball in summer. In my free time I do household chores. I also go to exhibitions, theater, cinema or meet friends. DAY OF ROMANCE I wake up at 11 am. Then I go to the shower, then I have breakfast. For breakfast, I like salmon and eggs the most. Somewhere around one o'clock in the afternoon I arrive at the office, work, go to meetings and finish at 10-11 o'clock in the evening. After work, I usually go to the pool. I go to bed at two or three in the morning. FAVORITE MOVIE The Pursuit of Happyness with Will Smith. 
FAVORITE MUSIC I am a music lover, so I listen to absolutely different music. For example, a group Leningrad, Ivan Dorn, Adele, Shakira, Pharrell Williams. ADVANTAGES As already mentioned above, I am an emotionally stable person. In addition, I am easy-going, I can take it and go somewhere if I want. I'm also a risky guy, I think whoever doesn't take risks doesn't drink champagne. (Laughs.) This also applies to business. Everything that is connected with my work, one way or another, is a risk. When you buy shares or invest, you don't know if they will rise or fall, you take a risk, and many people are not psychologically ready to take risks, they prefer to put money under their pillow or open an account in "Sberbank". This is the difference between an entrepreneur, because you are constantly looking for some promising areas where to invest money. LIMITATIONS I am very harmful.(Laughs) I'm just an aesthete by nature. I need everything to be beautiful, and if something is wrong, it starts to annoy me a little and I can do damage. I am also lazy, but not to such an extent that from laziness I am overgrown with mud. (Laughs.) I have normal laziness, which is common to everyone. Well, for example, for a month now I can’t force myself to get up at nine in the morning and run, I can run at night, but in the morning I can’t. 
WHAT CAN TOUCH EVERYTHING. Sometimes I can even cry on a cartoon a la "Ice Age". (Laughs.) WHAT I DO NOT REGRET All failures I perceive as an experience that needs to be accepted, drawn conclusions, and I try not to get into such situations in the future. WHAT IS AFRAID Losing loved ones is a matter of course. I am not afraid of my own death. WHAT DREAMS OF I have goals for the development of the company, which I plan to achieve within the next three to five years. After that, I want to actively travel, develop and choose some new field of activity. 
WHO INSPIRES People who make big successful projects. For example, an inventor Tesla Elon Musk. This is the first person who was able to launch the production of electric vehicles, because no one really believed in them before him, and now they are popular everywhere, including here. WHAT I NEVER SPENT MONEY AND TIME For sex, I never feel sorry for time. (Laughs.) But money is absolutely not a pity for many things: a gift to someone, a gift to yourself, relatives, trips. Saving is not about me. I have a problem with self-discipline. I even recently installed an application for myself, where I started recording my expenses. However, this does not help me spend less. I do not like to save, but at the same time I do not like unreasonable spending either. VALUES IN PEOPLE In people, I most of all appreciate following my principles, no matter if they are good or bad. Most of all, I do not like slippery and cunning people, so I try to avoid communicating with them. I myself am a good-natured and open person, so I want to be surrounded by such people. I also really dislike tactless people. A PLACE WHERE YOU ARE READY TO RETURN TO YOUR HOME. 
FRIENDSHIP BETWEEN A MAN AND A WOMAN I believe in such friendship. I have a friend with whom we have been communicating since school and in some difficult situations often helped each other out. PERSONAL LIFE I am not married. In fact, I did not have a serious relationship. It so happened that I never lived with a girl. I probably didn't want it myself. DREAM GIRL I prefer modest girls. Everything in it should be harmonious and beautiful. She must have a good sense of style, always look good, no matter where we go - to the country house or a social event. She must also be wise and be able to motivate. Outwardly, I like brunettes. Hair is for me important element, my fetish. (Laughs.) 
WHAT IS ANNOYING IN GIRLS Artificial lips are not my option at all. I really don't like girls who swear or smoke a lot. And most importantly, the girl should not be hysterical. That's horrible! LOVE IS… The ability to be interesting to each other every day. IDEAL RELATIONSHIPS The ideal relationship I can think of as a partnership. When you have an understanding wife who is doing some kind of business, no matter if it brings income or not, the main thing is that she is interested in it, and my role as a man is to provide the family with everything necessary. 
I don't know the Internet. (laughs) I have Instagram
, you can subscribe to me there or send me an SMS in direct. WHERE YOU CAN MEET IT I would not like to name all the places where I most often visit. However, you can meet me at the cinema "Cinema City Formula" and in the summer at the club "Gypsy". Of the places that I don’t go to are bakeries, I’m not a fan of bread. ADVICE FROM THE NOVEL It seems to me that in order to charm a man, a girl needs to be light, cheerful, cheerful, and then give out some of her shortcomings in a dosed manner. (Laughs.) And when you already live together, it is very important that the house is clean and tidy. You have to be able to take care of yourself, always look good, so do not relax in this regard. And a woman must definitely support and morally help her beloved man, and not nag him.
Ilya Shershnev
30 years
Gallway Capital
Assets under management: $100 million
After working as a student at the Higher School of Economics at Penny Lane Realty, Shershnev founded the Swiss Realty Group in 2001, an intermediary company in the commercial real estate rental market. In the mid-2000s, its turnover exceeded $10 million a year, but after the crisis and stagnation of 2008-2009, Shershnev closed Swiss Realty and is now managing the funds of the shareholders of three private equity funds (the value of assets rose to $100 million in two years) and valuation activities . He didn't change his specialization. commercial real estate. Among the main interests are distressed assets and short-term transactions.
Dmitry Salikhov
28 years
Revenue: 280 million rubles
Novosibirsk Dmitry Salikhov changed seven jobs, was both a manager and a taxi driver. Having fallen under staff reduction in the spring of 2009, he conceived his own business - transfer transportation. He hired several motorists who met passengers at the airport, and then, after accumulating the necessary amount, he rented an office and began to cooperate with professional drivers and taxi services. The firm has got corporate clients. i "way opened offices in Moscow and St. Petersburg. Now the company accepts orders in more than 200 cities in 65 countries of the world and creates its own fleet. "I could not even imagine that we would reach such a level. I just saw opportunities for development," Salikhov says.
Andrey Guzairov
27 years
Federal Finance Group
Capitalization: $20 million
He took up the Internet business in 2010, having created the company CreditCardsOnline with the money accumulated over three years (selection and sale credit cards Russian banks). I spotted the idea in an American company where I had previously worked: “I understood how it works, but then they fired me, and three weeks later I opened my own business.” In 2011, Finam Global bought a 25% stake in CreditCardsOnline. The following year, Guzairov launched the microfinance business Platiza.ru and Russia's first online identification service, ff.ru. This service, for example, is used by Philip Morris Corporation, which needs to know the exact age of site visitors.
Vsevolod Fear
25 years
Sotmarket
Revenue: RUB 4.15 billion
“I always believed that this would turn into a global story,” says Vsevolod Strakh about his business. In 2005, as an 11th grade student, he bought a thousand USB cables with the money he saved and started selling them through his own website. Later, accessories for mobile phones, and then the phones themselves, electronics and small household appliances. In 2012 venture fund IQ One Holdings bought a 51% stake in Sotmarket. After the transaction, the company was valued at $100 million. Now Sotmarket takes more than 5,000 orders a day, and Vsevolod still personally monitors customer feedback.
Roman Vishnevsky
26 years
United Traders
Revenue: 200 million rubles.
United Traders Vishnevsky created in 2009 together with Dmitry Belousov and Anatoly Radchenko. The initial investment is $80,000. While working at Swift Trade, Vishnevsky developed his own trading strategy, which was called layering on the market. Now the services of United Traders (prop-trading - algorithmic trading) are used by about 200 professional and more than 1000 novice traders. Vishnevsky and his partners also earn money by training traders, and this year launched the Kvadrat Black hedge fund with an estimated $100 million under management.
Dmitry Kibkalo
32 years
"Mosigra"
Revenue: 450 million rubles.
In 2008, the director of the production center, Dmitry Kibkalo, decided to give his father a board game about pirates "Jackal" invented by students of Moscow State University in the 1970s. As it turned out, he took the first step towards his own business: the minimum lot that manufacturers took on was 100 copies. To sell the excess, Dmitry opened an online store, purchasing other board games for the assortment. In a month, he paid back all the costs, in 2009 he quit and opened the first Mosigra. Now the network unites 17 own and 71 franchise stores in Russia and Ukraine. Kibkalo also develops and publishes its own games. "Jackal" is still among the leaders of its sales.
Gevorg Sargsyan
30 years
Revenue: RUB 1.5 billion
An economist by education, Sargsyan worked at the Ministry of Taxes and Duties and the Ministry of Finance. In 2006, when he founded Innova with a team of like-minded people, "pirates" were mainly involved in adapting foreign online games. In order to agree on the first licensed publication of the game with its developer, according to Gevork, I had to "exaggerate my capabilities." But now the company has more than 10 gaming projects (including Lineage II, Planet Side II, Aion) and an online cinema "Aiyo". Games are free for users, but game items in them are received for money - this is the main source of income for Innova.
Andrey Medvedev
33 years
"Industrial Power Machines"
Revenue: RUB 1.6 billion
Andrei Medvedev and his partner Alexander Salnikov are former marketers at the Yaroslavl Motor Plant (Avtodiesel). AT free swimming they left in 2005 after finding that many customers needed custom diesel generators. The partners rented premises, purchased components, hired workers and completed several orders for the modernization of Avtodizel's installations. Business has gone. Medvedev set up the assembly of his own models of generators, power and pumping units based on Russian and imported engines. The company employs about 300 people. Among the clients are subsidiaries of Gazprom, Transneft and Lukoil.
Trader Roman Vishnevsky made his first million dollars during the US financial crisis.
Roman studied in a physics and mathematics class, then at a school with an in-depth study of economics. The dream of becoming an entrepreneur led him to the Higher School of Economics. In the third year, I took the first steps of a trader and in a short period increased the initial capital by 30%.
Feeling success, he increased his investments and ... lost everything. Thinking about his actions, Roman decided to continue his studies and reach a professional level. He got a job at the Moscow office of the Canadian Trading Company and quickly made progress in trading US stocks.
After the crisis, having accumulated capital, he opened a trading company United Traders with partners. More than 200 experienced and 1,000 start-up entrepreneurs use the services of this project. He has copyright trading strategy"layering" (layering), which is used by experts around the world.
The biography of Roman Vishnevsky is filled with ups and downs, he had a tremendous success and lost everything at once. Only the ability to constantly maintain composure and control one's own emotions has led to the fact that Forbes magazine is now writing about him. Roman is constantly progressing, is engaged in brokerage business and trading, successfully invests.
Roman Vishnevsky conducts consulting trainings and seminars, prepared several training programs on trading, which are a great success with the audience.
Roman's knowledge is brought to life by novice businessmen and increases the profitability of projects. By studying his trading methods, everyone can find something new for themselves, learn the secrets of big business and become a true professional.
