Edward Arthur Seykota is a commodities trader

Trader (finance)

A trader is someone in finance who buys and sells financial instruments such as stocks, bonds, commodities and derivatives. A broker who simply fills buy or sell orders is not a trader, as they are merely executing instructions given to them. According to the Wall Street Journal in 2004, a managing...

, who earned S.B. degrees in Electrical Engineering

Electrical engineering

Electrical engineering is a field of engineering that generally deals with the study and application of electricity, electronics and electromagnetism. The field first became an identifiable occupation in the late nineteenth century after commercialization of the electric telegraph and electrical...

 from MIT

Massachusetts Institute of Technology

The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...

 and Management from the MIT Sloan School of Management

MIT Sloan School of Management

The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....

, both in 1969. In 1970 he pioneered Systems trading by using early punched card computers to test ideas on trading the markets. Seykota resides in Incline Village-Crystal Bay, Nevada

Incline Village-Crystal Bay, Nevada

-Education:Incline Village is served by three main school systems, Sierra Nevada College , Incline Elementary, Middle, and High School , and The . Incline High School "We The People" team was recently awarded the "Western Region Award" at the annual 'We the People: The Citizen and the...

, on the north shore of Lake Tahoe

Lake Tahoe

Lake Tahoe is a large freshwater lake in the Sierra Nevada of the United States. At a surface elevation of , it is located along the border between California and Nevada, west of Carson City. Lake Tahoe is the largest alpine lake in North America. Its depth is , making it the USA's second-deepest...

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As a young man he attended high school near The Hague

The Hague

The Hague is the capital city of the province of South Holland in the Netherlands. With a population of 500,000 inhabitants , it is the third largest city of the Netherlands, after Amsterdam and Rotterdam...

, Netherlands

Netherlands

The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...

 and also lived in Voorburg

Voorburg

Voorburg is a Dutch town and former municipality in the western part of the province of South Holland, the Netherlands. As also Leidschendam and Stompwijk, it is part of the municipality Leidschendam-Voorburg. It has approximately 39,000 inhabitants....

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Seykota is a trader who in 1970 pioneered a computerized trading system (now known as System trading) for the futures market for the brokerage house he and Michael Marcus were working for.