BTIG Opens Its Next Generation Trading Floor in New York – 200 Traders and Specialty Desks on One Floor
New York – December 8, 2010 – BTIG, LLC, a global broker dealer specializing in institutional trading and related brokerage services, today announced the opening of its new trading desk at 825 Third Avenue.
“BTIG continues to invest in people, technology and services. The newly completed New York trading floor is BTIG’s largest trading desk and works in unison with our regional trading desks around the country and our international affiliates around the world,” said Scott Kovalik, Co-founder of BTIG.
“We engage our clients in ongoing discussions to determine what they need from BTIG to help them succeed. As the markets have shifted and evolved, institutional clients want to trade and access information across the capital structure,” said Steven Starker, Co-Founder of BTIG. “With our new floor and configuration of business units, a client of BTIG can access our high touch expertise in all products in one place. The integration of these businesses on one open floor in New York benefits every regional office and ultimately every client.”
Phase one of BTIG’s New York renovation is now complete with the opening of its new, state of the art trading floor on the 6th floor of 825 Third Avenue. The new trading floor has been expanded by more than 60% from prior capacity. Phase two, scheduled for completion in early 2011, is an extensive project to fully renovate and reconfigure the 7th floor at 825 Third Avenue for continued growth in the firm’s Prime Brokerage, Corporate Access, Capital Introduction and Business Development divisions. In total, BTIG’s New York office has capacity for 300 employees post-renovation.
“To be a leader in trading, we have located all of our execution-based businesses on a single trading floor, allowing for better communication and efficiency,” added James Aniello, Head of Trading. “The power of leveraging market intelligence and the utility of having equities, converts, fixed income, options and international trading sitting together on one floor is tremendous. Our new configuration is a great resource for the clients we are servicing.”
BTIG’s new trading desk is the latest step in the firm’s global expansion. With trading desks in five countries, and sales coverage in 14 cities, BTIG’s clients have both global access and local high touch coverage in the markets and regions in which they base their operations.
About BTIG
BTIG LLC is a premier institutional brokerage and fund services company. BTIG continues to build its global franchise around a broad and experienced group of professionals who are leaders and experts in their respective fields. Founded in 2002, BTIG, including through its affiliates, employs more than 400 professionals in five different countries. BTIG serves customers from all over the world and offers services in 11 areas: Equity Trading, Fixed Income, Futures Trading, Convertible Securities, Equity Derivatives, Prime Brokerage, Outsource Trading, Direct Market Access, Capital Markets, Equity Research and Corporate Access. BTIG has ten domestic offices: New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Norwalk and Orinda. The firm also has four overseas affiliates: London, Hong Kong, Singapore and Sydney.
BTIG LLC is a member of FINRA and SIPC
BTIG Australia Limited ACN 128 554 601 is a member of ASIC and ASX
BTIG Hong Kong Limited, Exchange Participant of SEHK, licensed and regulated by the SFC
BTIG Ltd is a member of the LSE and is authorized and regulated by the FSA
BTIG Singapore Pte. Ltd is registered and licensed with MAS
MEDIA CONTACTS:
Kelsea Michael at 212.279.3115, ext. 231, [email protected]
Peter Tarrant at 212.593.7560, [email protected]