Dr. Julie Schoening served as the Chief Risk Officer of LedgerX, a CFTC regulated derivatives exchange and clearing house, where she led the development of the initial margin model, risk management policy, and procedures for the CFTC application using direct clearing and real time de-risking methodologies. Prior to joining LedgerX, Julie worked at Alphadyne Asset Management, a global macro hedge fund based in NYC, where she was responsible for market surveillance, regulatory examinations, and quantitative research. Before her hedge fund career, Julie served as a Senior Economist at the U.S. Commodity Futures Trading Commission (CFTC), where she was recognized as the foremost expert on message data analysis and market structure issues such as algorithmic trading on electronic limit order books, analysis of extreme market events such as “Flash Crash”, market manipulation, and disruptive trading. Julie personally designed and developed a comprehensive software toolkit to reconstruct the limit order book and analyze confidential exchange level message data across futures exchanges at the sub-millisecond level. Julie began her career in financial markets as a Doctoral Researcher at the Economic and Statistical Research Group at Nasdaq, where she conducted quantitative research on modern market structure and microstructure issues such as high-frequency trading, dark pools and alternative trading systems, transaction costs, order routing, tick size, sub-penny pricing, FIFO/Pro-rata priority matching algorithms, and exchange fee structures. Julie earned her PhD in physics from Georgetown University.