McCabe Hurley is a derivatives market veteran, beginning her career while still in high school. She still actively trades, but the sweeping changes of derivatives reform meant her experience as an instructor could be put to good use. As a practitioner, her teaching style is transactional, with a focus on the bottom line. Learners leave her sessions with new skills to use the next day. Learners further away from the revenue source leave with a better understanding of where their skills fit into the derivatives value chain.
Practitioner-to-practitioner, Integrated Training allows the learner to up-tier their knowledge without reverting to textbooks and theoretical constructs. Rather, learners are immersed in the real market and all teaching is learner-centered.
As a trader for a prop trading shop, her firm was an early adopter of options market making, employing volatility-driven strategies such as gamma scalping and skew trading.
She served two stints as a trader on exchange floors: First as an equity options market maker on the AMEX floor for Chicago Research & Trading, Inc. (CRT). She returned to the NYMEX to trade natural gas options from the floor for her own partnership with Dr. Henry Jarecki.
She spent time as a Derivative Product Solutions provider for Credit Lyonnais in New York and Paris. Working with asset managers & hedge funds gave her early training in clearing OTC products and counterparty credit risk.
After that, McCabe joined Commerzbank’s Corporate Solutions desk covering the bank’s corporate clients with respect to their derivatives hedging needs.
After the Great Credit Crisis of 2009, she saw new consultant opportunities with Derivatives Reform. MH Derivative Solutions, LLC (2010) was formed. McCabe provides value-chain training to buy & sell-side institutions.
The result is a woman who doesn’t complain, she resolves. Her popularity as an instructor and respect for her ability to grasp the needs of senior managers with both learners and management.