BTIG Launches Interest Rate Trading Desk
NEW YORK--(BUSINESS WIRE)-- BTIG LLC, a global financial services firm specializing in institutional trading and related brokerage services, is expanding its Fixed Income product offering with the addition of an Interest Rate trading desk. The desk will initially focus on U.S. Interest Rate products in both the Cash and Futures markets.
BTIG has hired four senior sales traders to spearhead this new product: Gregg Schreiber, Howard Finkel, Martin Schepsman and Christopher Parra. All four will be joining the firm's New York office.
BTIG's addition of Interest Rate trading is another tenet of its broader growth plan that includes the recent establishment of its FX business, the opening of an office in Atlanta and the continued expansion of its equities trading division. The firm expects to add 100 people to its global team in 2013.
Gregg Schreiber joins BTIG's Interest Rate Group as Managing Director and sales trader. A 14-year veteran of Bear Stearns, Gregg also worked at the Newedge Group, where he covered hedge funds and bank proprietary desks. Gregg has experience trading a variety of interest rate products including futures and cash government securities.
Howard Finkel joins BTIG's Interest Rate Group as a Managing Director and sales trader. Prior to BTIG, Howard worked at Millennium Partners, where he served for eight years as a portfolio manager, focusing on relative value trading in U.S. Treasuries. A 25-year buy side veteran, Howard also worked at TD Securities, where he was a proprietary relative value Treasury trader, Bank of Montreal, BNP Paribas and CIBC Oppenheimer.
Martin Schepsman joins BTIG's Interest Rate Group as a Managing Director and sales trader. Martin worked for 13 years at Newedge Group and its predecessor firm, Fimat USA, where he was the derivatives products group director. Prior to that, he worked 10 years in the fixed income department of Donaldson, Lufkin & Jenrette.
Christopher Parra joins BTIG's Interest Rate Group as a Director. He is a 9-year Newedge and Fimat USA veteran, where he focused on taxable fixed income, financial futures and options. Chris has also worked at the Fixed Income Clearing Corp. and in banking at the Federal Home Loan Bank of New York.
"The addition of our Interest Rate trading group is part of our long-term growth strategy for our Fixed Income platform," says Anton LeRoy, Head of Fixed Income, Currencies and Commodities at BTIG. "The Rates group allows us to meet the demands and needs of our ever-growing client base and gives us another high touch point of contact with our clients."
BTIG LLC is a global financial services company offering products and services across Equity Trading, Derivatives, Fixed Income, Futures & Commodities, Foreign Exchange, Convertible/Preferred Securities, Corporate Access, Equity Research, Capital Markets, Prime Brokerage, Electronic Trading and Outsource Trading. With U.S. offices located in New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Atlanta and Orinda, and overseas affiliates located in London, Hong Kong, Singapore and Sydney, BTIG, including through its affiliates, employs more than 400 professionals worldwide.
For BTIG LLC
Caroline Harris-Gibson, 212-279-3115 ext. 222
Mary Sullivan, 212-279-3115 ext. 114
Jennifer Mermel, 212-593-7972
KEYWORDS: United States North America New York
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