Sunday, 3 May 2015
Last updated 2 days 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…