Agency broker BTIG is expanding and opening an interest rate trading desk. The desk will initially focus on U.S interest rate products in both the cash and futures markets. To head the effort, BTIG hired four senior sales traders: Gregg Schreiber, Howard Finkel, Martin Schepsman and Christopher Parra. Three are managing directors and one a director. All work in the firm’s New York office.
Gregg Schreiber, a 14-year veteran, has traded at Bear Stearns and the Newedge Group, where he covered hedge funds and bank proprietary desks.
Howard Finkel, a 25 year buyside pro, worked at Millennium Partners, where he served for eight years as a portfolio manager, focusing on relative value trading in U.S. Treasuries. He has also traded at TD Securities, where he was a proprietary relative value Treasury trader, and at Bank of Montreal, BNP Paribas and CIBC Oppenheimer.
Martin Schepsman came onboard after spending 13 years at Newedge Group and its predecessor firm, Fimat USA, where he was the derivatives products group director. Prior to that, he worked 10 years in the fixed income department of Donaldson, Lufkin & Jenrette.
Lastly, Christopher Parra was hired as a director. Parra, a 9-year professional, worked at Newedge and Fimat USA, where he focused on financial futures and options. He also did stints at Fixed Income Clearing Corp. and at the Federal Home Loan Bank of New York.
Sungard’s Fox River Executions has promoted Mike Schutt to the head of its Execution Solutions business. Schutt was formerly the head of execution. Also, Paul Daley is now the head of execution and account management. Daley has run Execution Solutions’ trading desk and is responsible for managing all existing account relationships.
Neil Azous joined Mischler Financial, veteran-owned brokerage, to develop the firm’s macro strategy advisory group and court hedge funds. Azous, a 15-year professional, was formerly at Navigate Advisors, a Stamford, CT broker-dealer formed by former senior UBS executives in 2008 that served hedge funds. Navigate closed in May when the firm’s two senior partners decided to retire from the industry. Prior to Navigate, Azous was a Director in equities derivatives at UBS from 2004-2008. Before that, he worked at DLJ and in Goldman Sachs’ credit derivatives group. He reports to chief executive Dean Chamberlain.
John Curley started on Deutsche Bank’s program trading desk as a director in NYC. Curley came from J.P.Morgan, which acquired Bear Stearns during the financial crisis, where he was also employed. He also worked at Instinet for four years from 2000 to 2004. He reports to Chad Lore, managing director and head of program sales trading, North America.
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