[4] He wrote the original source code to test and run his complicated, high-frequency, automatic-trading strategy in over 50 financial and commodity markets in developed countries.
[5] He is of the view that movements in stock, currency, and commodity prices lead to patterns of short-term investor responses that can be anticipated.
"[22][27][28] In October 2015, Niederhoffer was presented with the Johanna and Leslie Garfield Award for Arts Philanthropy at the New York Youth Symphony's 53rd Annual Benefit Gala.
[39][43] His mother, Elaine (née Eisenberg) Niederhoffer (1925–2006), was an English teacher, author, and editor who had descended from a long line of rabbis.
[34][42][44][45] He has a brother, Victor Niederhoffer, a hedge fund manager and former five-time United States squash singles champion.
[51] At age 13, when he was a high school sophomore, Niederhoffer (as president) and classmate Evan Grossman founded a company called Software Innovations, which sold computer games such as Alien Invasion that operated on the Radio Shack TRS-80 microcomputer.
[33][52][53][54][55] They created a mailing list of over 3,000 computer owners, sold shares in the company to their teachers and friends, borrowed money from their families, and printed a six-page mail order catalog listing their programs for sale, along with programs created by friends and other companies.
[33] They struck a deal in which they agreed to supply the record company with computer games, in return for an initial fee and a per-game commission.
[33] They hired lawyers, and that year while Niederhoffer was 16 they changed the company's name to Microvations, Inc.[33] It soon thereafter employed over 30 people, mostly his classmates and friends whom they subcontracted to program games and keep books, and produced over 450 individual titles by 1983, which were sold at stores such as Sears, K-Mart, and Woolworth's.
[33] He graduated magna cum laude in 1987, with a BA in computational neuroscience, the study of how the brain processes information and makes decisions.
[5] RGNCM mainly provides services to pooled investment vehicles, as well as corporations, and manages separate client-focused portfolios.
[4] This led Niederhoffer to adopt dozens of new trading rules, and to diversify by balancing his positions with various momentum plays.
[4] He wrote the original source code to test and run his complicated, high-frequency, automatic-trading strategy in over 50 financial and commodity markets in developed countries.
[4][29] He is of the view that movements in stock, currency, and commodity prices lead to patterns of short-term investor responses that can be anticipated.
[4][61] Niederhoffer's computer models analyze the real-time data as it comes in, such as volume and price of every major market and most of the largest stocks.
[30] In addition, Niederhoffer was the Executive Producer of The Flying Karamazov Brothers, which played Off-Broadway in 2010 and in London's West End in 2011.
[39][69] After a protracted legal battle, in January 2016 Niederhoffer and Capasso's effort was approved by the creditors of NYCO as well as the NY State Attorney General to reorganize and revive the company.
[15][16][17][21][68] Niederhoffer resigned from the NYCO Board in February 2019 for personal reasons, to focus on his growing business and young family.
"[22][34] Beginning the week of the storm, he organized hundreds of volunteers and corporate donors including Fairway, Inc., and Exxel Outdoor Products, who distributed tons of food, supplies, generators, and sleeping bags to residents of Rockaway, Queens and elsewhere.
[28][34][71] For his efforts, in 2013 Niederhoffer received the Lehman-LaGuardia Award from the NY Grand Lodge Order of the Sons of Italy in America and the Metro North region of B'nai B'rith.
[72] In October 2015, Niederhoffer was presented with the Johanna and Leslie Garfield Award for Arts Philanthropy at the New York Youth Symphony's 53rd Annual Benefit Gala.