David Martin

David Martin is MFM’s Chief Investment Officer and is responsible for all trading decisions and portfolio management. David founded New York-based MFM in 2013 after a multi-decade derivatives trading career as a proprietary trader and market maker at the New York Board of Trade and the New York Mercantile Exchange.

David has traded across futures markets, with a focus on macro-directional options strategies based on probabilistic, statistical, and fundamental inputs, which are expressed through proprietary trade structures designed to limit tail-risk. David’s central investment thesis is that the price behavior of commodity markets is distorted by two factors: the cognitive biases of humans, and trading algorithms that emulate human thought.

Because of this, price behavior may not function as fundamentals would normally suggest. David believes that increasing open interest, big data, and more participants all equate to greater future opportunities. From this perspective, David believes that MFM has a significant edge in a “post-fundamental paradigm” using option structures to create unique and asymmetric risk-reward profiles.

David holds a B.S. in Economics from The Wharton School of the University of Pennsylvania where he majored in Decision Sciences and Information Technology.