Institutional agency-only brokerage firm Direct Access Partners has acquired the institutional trading team of Kellogg Partners.
The U.S. equity trading team, led by Kevin Butler, averages over 17 years’ experience and will join Direct Access Partners’ New York office immediately.
“We are pleased to add Kevin Butler and his team to Direct Access Partners. They are accomplished professionals with a proven track record of adding value to their clients. The team is an excellent fit with our customer-focused culture and will play an important role in the next stage of Direct Access Partners’ growth,” said Ben Chinea, CEO and a founder of Direct Access Partners.
“We reviewed a number of opportunities and only Direct Access Partners offers the breadth of trading expertise, technology platforms and value-added services including capital introduction, capital raising, global prime and corporate access that will serve our customers well," said Butler, who has been named managing director of the firm.
Prior to Kellogg Institutional Services, Butler led the trading desk at Fleet Trading and was a managing director at Spear, Leeds & Kellogg.
Direct Access Partners is an independent agency-only brokerage firm offering clients complete anonymity and non-conflicting multi-asset execution in more than 100 markets over an open architecture trading platform. The firm has offices in New York, Boston and Miami.