Thursday, 21 August 2014
Last updated 5 min ago
Nov 19 2008 | 8:49am ET
Agency brokerage JonesTrading Institutional Services has recruited industry veteran Tom Steen to head its global derivatives business. Steen will also head up an expansion of JonesTrading's Canadian Equity platform.
The firm’s newest managing director will report to Will Geyer, JonesTrading president and chief executive officer, and to Steve Tullar, national sales manager.
Most recently, Steen was head of risk management and business development at DDX Capital Partners.
“During these difficult times in the financial markets, traders are increasingly relying on relationship-based trading,” said Packy Jones, chairman of JonesTrading. “We have been committed, over the course of the last two years, to offering our institutional and hedge fund clients a greater suite of securities instruments. This latest expansion into global derivatives and an increased focus on Canadian equities is in anticipation of client demand for our model in these securities.”
According to the firm, the JonesTrading global derivatives platform will bring hedging, risk control and return enhancement capabilities to the firm's clients through the use of listed derivatives. It is estimated that there are 3,000-listed options on single stocks, ETFs and indices, and they will now be available for trading through the platform.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
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