Jack E. Earnest, Jr., Founder & CEO
"From building trading floors and systems from scratch to developing custom software and risk solutions for use in new markets, Jack brings robust utility to complex trading operations. Especially in new and complex markets it is functionality that makes traders comfortable and potentially more profitable."
Jack E. Earnest, Jr. is the founder Velocity Futures LP., a Futures Commission Merchant registered with the CFTC and the NFA to address the needs of active commodity traders.
Prior to founding Velocity Futures, LLC. , in 1995 Mr. Earnest founded Momentum Securities, Inc., an NASD and SEC registered broker/dealer and CSI.NET, a software development company which developed several diverse products for high frequency trading in the equity markets. Momentum went on to become one of the largest professional equity trading organizations in North America, second only to Charles Schwab in terms of daily transaction volume. In 1999, Momentum and CSI.NET were acquired and are now owned and operated by E-Trade under the name E-Trade Professional. Prior to founding Momentum Securities and CSI.NET, Mr. Earnest worked as an accountant with KPMG Peat Marwick.
In October 2007, together with Mark Schwausch, Mr. Earnest formed Velocity Merchant Energy LP, a private investment manager dedicated to providing investment management globally to institutions and sophisticated investors specifically in the areas of North American power and natural gas. In March of 2006, Mr. Earnest became a founding partner of Velocity Energy Trading, a private energy trading firm, and is the architect responsible for developing the trading floor, proprietary software, technology and risk management used by Velocity Energy Trading today.
Jack holds a BBA from the University of Texas at Austin in Finance with a second major in Accounting.