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Buck Haworth, Chief Executive Officer
Buck Haworth is the founder and Chief Executive Officer of Born Capital, LLC, a Chicago-based company dedicated to providing the highest quality electronic trading platforms for institutions, hedge funds and professional traders. With 28 years of trading, audit and leadership experience in the futures industry, he established the company in 2003 by assembling a team of experienced professionals skilled in technology, trader support, sales and clearing operations.
Mr. Haworth was elected Treasurer of the Chicago Mercantile Exchange Board of Directors for four terms, working with other members of the Exchange leadership to become the first publicly traded financial exchange in the United States. As an officer of the Board of Directors Mr. Haworth was involved in all aspects of the Exchange's business. He served as Chairman of the Exchange's Audit and Clearing House Risk committees He collaborated with the Chief Financial Officer to overhaul the long-standing, complex pricing structure, improving profits while recognize high value users. Mr. Haworth also implemented an enterprise-wide risk management structure to assess and monitor risks in all departments. He was a member of the Exchange for 23 years, beginning in 1979. He was both a floor broker and a "local" floor trader, with extensive experience in interest rate and foreign exchange futures.
In 1991, Mr. Haworth established a proprietary trading group, an off-floor trading operation trading futures and options. By 1997, the business covered 30 futures and options markets on seven exchanges.
Mr. Haworth established a clearing membership and floor operation on the CME for Chicago Corporation, a member of the New York Stock Exchange. He managed foreign exchange arbitrage operations on the CME floor, trading between the inter bank market and the CME foreign currency futures markets.
As Vice President, Audit for CME, Mr. Haworth conceived and implemented the transition to a professional staff of certified public accountants, using the latest audit techniques for the Exchange as the Designated Self Regulatory Organization responsible for the member firms' financial integrity. He served as Controller of Ralph N. Peters & Co. managing the firm's back office for both futures and securities operations, including government and regulatory reporting.
He served on the consulting and audit staff of Deloitte Touche LLC (then Touche Ross & Company) working with firms in the Insurance, Healthcare, and State and Local government areas.
A CPA and a member of the American Institute of Certified Public Accountants as well as the Illinois CPA Society. He earned a bachelor of science degree in actuarial science and an MBA in Accounting from Drake University in Iowa.
Derek Haworth, Operating Officer
Derek previously worked as the Chief Technology Officer for GNI, Inc. - a boutique Chicago FCM acquired by Man Financial in the fall of 2002. At GNI Inc., Derek managed the first U.S. installation of Patsystems. GNI, Inc. quickly became a forerunner in the U.S. electronic futures trading arena. Derek grew and evolved along with the very first employees of the various futures trading system companies - including Patsystems and Trading Technologies. Derek has been involved with the futures markets for over 15 years, working on the trading floor at the CME and trading for his own account. He has been involved in the technology industry for over 20 years and has significant experience in both systems development and network architecting.
Derek has been able to parlay these experiences into creating a custom, innovative electronic trading infrastructure for BCM - and insfrastructure that's second to none in the industry.
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