For eight years, Mr. Mintz taught mathematics and computer science at the undergraduate and graduate levels. Following this, he shifted careers and traded for twenty-five years, primarily on the American Stock Exchange (Amex) and the Chicago Board Options Exchange (CBOE), where his firm carved out a large share of the burgeoning options market.
When Mr. Mintz graduated MIT, the listed options market had not yet begun. While at MIT, he absorbed a strong background and useful skills for what would later develop on the trading floors. He also crossed paths with seminal figures in the field of finance, and after he became a practitioner, Mr. Mintz was the beneficiary of insights and advice from personal communications with several of them, including Robert Merton, Myron Scholes, and Fischer Black.
On the floor in the early days, Daniel had to develop for himself many of the techniques that later became standard in the industry. He was a very early user of computers in options trading and wrote the software himself for what were slow, primitive machines that required facility with operating systems and compilers.
When tax spreads became viable, Mr. Mintz was on the leading edge. When puts came along, he was among the first to see the potential of conversions, reversals, and collars. When ETFs began, he was in there, making markets in them with his own money. When interest rate options began trading, he commuted to the CBOE to put on positions himself, having already traded government and corporate fixed-income instruments on the floor of the Amex.
Along the way, Mr. Mintz formed a couple of noteworthy alliances. With Spear Leeds and Kellogg, he joined in the purchase of several media properties. Along with Sanford C. Bernstein he helped launch their options brokerage and positioning arm. From these ventures Mr. Mintz picked up some good contacts and some valuable background in financial analysis.
At the American Stock Exchange, Mr. Mintz rose through the ranks to become chairman of the Option Market Makers Association, representing the interests of more than five hundred Exchange members. He also became a Floor Official and an Exchange Official, serving on the Allocations Committee and as part of many Disciplinary Panels. In addition, Mr. Mintz assisted on the Facilities Committee, overseeing expansion, and for many years on the New Products Development Committee.
After a brief retirement, Daniel was happy to join forces with Gary Herman and Mike Riley. Coastal Management Group has the right attitude, the right skills, and good prospects.
Mr. Mintz holds degrees from MIT and from the Courant Institute of Mathematical Sciences. He is married with two sons.