Saturday, 22 October 2016
Last updated 1 day ago
Sep 30 2006 | 9:11am ET
Broker-dealer Merlin Securities has launched an outsourced trading desk to provide buy-side trading to its hedge fund prime brokerage clients. The service, which launched last week, is aimed primarily at smaller hedge funds.
“We are always looking for new ways to support our client’s needs and aspirations,” said Managing Director John Quartararo. “The addition of our buy-side desk to our larger trading platform was a clear step in that direction.”
About a half-dozen clients are already using the desk, which is manned by new hires Dean Brierly, Christopher Martin and Gordon Lee, all of whom formerly worked at Banc of America’s prime trading group.