TradeStation Snags Citigroup Exec. To Focus On Small, Mid-Sized Hedge Funds

Aug 22 2013 | 1:58pm ET

Online brokerage firm and trading platform TradeStation has tapped Michael Collins to head prime brokerage sales.

Collins joins TradeStation from Citigroup, where he was most recently a director of prime finance sales within Citi Global Markets.

In his new role at TradeStation, Collins will be responsible for continuing to build TradeStation's Prime Services offering, with a focus on emerging managers and small to mid-sized established hedge funds.

"I'm excited to join such a great franchise, which is focused on serving the hedge fund community with a unique combination of execution and prime," Collins said. "With the structural changes that big banks are undergoing, our senior team of prime-brokerage veterans can serve small to mid-sized managers with an electronic execution platform that leads the market in its technology and speed."

Rob Sackett, head of TradeStation Prime Services, said, "Mike's expertise will benefit both new and existing customers. Small to mid-sized hedge funds are often seen to be at a disadvantage to larger funds when comparing prime services. Our goal is to level that playing field. With our self-clearing capabilities and the hiring of bulge bracket personnel such as Mike, we're poised to make a large impact in the small to mid-sized hedge fund space."

Collins spent 10 years at Citi within prime finance and previously worked on the Institutional Equity Sales desk at Morgan Stanley. 


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