Before joining the ADMIS Research Team in November 2022, Mark spent 30+ years as a commodities broker specializing in agricultural markets. After graduating from the University of Wisconsin Whitewater, Mark began his career in agricultural commodities at Merrill Lynch in 1991. In 1997 Mark earned a Master of Science in Financial Markets and Trading from the Illinois Institute of Technology. His brokerage team moved to PruBache Commodities in 2000, before settling at Archer Financial Services in 2009. Along the way Mark and his team have serviced a wide array of agribusinesses including farmers, grain elevators, poultry and cattle operations, seed companies, and food manufacturers. Utilizing both fundamental and technical analysis, his team assisted clients in developing strategies to manage their commodity price risk. His core focus has been on market fundamentals in order to develop demand trends, while utilizing crop conditions to develop yield forecasts.
In 1980, Eddie Tofpik started from school in the City of London as a Warrants Clerk for LME Metals. He developed his career through Bullion trading, Energy, Agricultural, Softs, Metals Futures and Options then Foreign Exchange, Equity and Fixed Income. By 1990 he had traded or brokered with international clients all of these products and he had expertise enough to have managed trading desks in all of them plus having a temporary secondment to Chicago. In 1991 he joined Esprit Brokers Limited (the precursor to ADMISI) to help develop the FX and LME metals business. He started the 24 Hours Foreign Exchange Desk which he ran for 27 years as Head of FX at ADMISI. In 2018 he was asked to set up and run the Technical Analysis unit of ADMISI and currently serves as Head of Technical Analysis & Senior Markets Analyst.
In 1984 he was introduced by colleagues and friends to Technical Analysis and has been an avid practitioner of the Art ever since. Eddie has been a Member of The Society of Technical Analysts in the UK for about 35 years. He is also a Member of ACI-UK (the FX dealers association) and the Chartered Institute for Securities & Investment. He continues to publish Eddie’s Crayon’s, a series of weekly, daily and special event Technical Analysis Reviews on FX, Stock, Stock Index Futures and Commodity Futures. He is a regular commentator on ADMISI’s YouTube Channel plus others such as the Investing Channel and at online events such as Commodity Trading Week Online, Energy Trading Week Online and Sugaronline’s Sugar Rush. He has also spoken at many international conferences and seminars. In 2018 he was asked to serve as a Director of the Society of Technical Analysts, the oldest and largest Society promoting Technical Analysis in the world. The Society promotes, provides education and exam accreditation in Technical Analysis.
As our Chief Economist & Global Strategist, Marc spends his time analysing and forecasting the impact of macro / microeconomic trends and examining (and where necessary challenging) market psychology. The processes of globalization, the ensuing credit crisis, rising protectionism and the Covid19 pandemic have and are changing the dynamics of global growth, and accelerate the process of researching and investigating new and developing markets and economies.
Global interconnectivity and dependencies of the financial and non-financial economies has dictated and facilitated the expansion of his analytical coverage from a G7 perspective to encompass most of the developed and developing economies across the globe, adopting at all times a lateral and critical thinking perspective on financial market and real economy trends.
Beyond the more traditional analyses of currency and interest rate markets across the globe, Marc also spends much time focussing on the fluid and often fickle nature of financial market views of economic developments (having originally studied Psychology), whilst also being a keen student of the distortions afforded to markets by positional risk, “de nouveau” capital adequacy and regulatory requirements, central bank policies, reserve manager asset allocations and pension fund regulations.
Having spent much of his childhood in Libya and Iran, Marc also has a particular interest in Middle Eastern culture, current affairs and history. Marc is a regular conference speaker and university guest lecturer, also appearing on CNBC, Bloomberg TV/Radio, BBC, BNN and widely quoted on newswires, newspapers and digital media. (Previously, Marc set up and managed the Frankfurt office of pioneering online market analysis provider MMS, before moving to MMS London to work in product development and training).