JonesTrading Eyes Asia

Sep 15 2010 | 11:46am ET

Agency brokerage JonesTrading Institutional Services is expanding into Asia.

The Los Angeles-based firm will open an office in Honolulu to spearhead its Asia-Pacific operations, which will begin with Japanese equities trading for U.S. institutional investors. The new office, and new effort, will be headed by Kevin Horgan, recently hired from BTIG.

Horgan is no stranger to the Japanese market, having served as a sales trader in Japanese equities at BTIG and as a managing partner at NAMINORI. He also worked on the Japan sales team at Merrill Lynch.

“The expansion into Japan, with plans for greater initiatives to come, will enable both Japanese and U.S. institutions to source equity liquidity in size at advantageous prices,” JonesTrading CEO Packy Jones said. “Kevin Horgan’s expertise and experience, combined with our approach to trading is the right combination for this important initiative.”

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