Tuesday, August 16, 2011

BTIG Adds Outsource Trading in Asia


HONG KONG & NEW YORK -- BTIG Hong Kong Limited, an affiliate of BTIG, LLC, a global financial services firm specialising in institutional trading and related brokerage services, today announced that it has launched its Outsource Trading Desk and related services to clients in Asia, expanding BTIG’s Global Outsource Trading team. BTIG’s Outsource Trading Desk allows hedge fund managers to outsource their internal trading functions using BTIG’s buyside trading desk, which enables investment managers, regardless of size, to leverage the firm’s experienced 16-person global team.


About BTIGThe new Asia desk, which is being spearheaded by BTIG Executive Director Trevor Harrison, follows the launch of BTIG’s Outsource Trading Desk in Sydney, Australia, 18 months ago. The Outsource Trading Desk in the United States has been operating for nine years. Globally, BTIG’s Outsource Trading Desk handles more than 140 clients.BTIG LLC is a member of FINRA and SIPCBTIG Ltd is a member of the LSE and is authorized and regulated by the FSAAbout BondDeskThere are a large variety of computer desks out there. From traditional to contemporary, serene to gaudy, you can choose almost any style you want. And with computer equipment becoming lighter and more compact, size is no longer an issue. Build unique computer desks that mount directly into the corner of any room. Computer Desks for the Merido Collection features a clear glass top and dark espresso wood legs finished with satin silver metal trim for an extraordinary modern look for your home or small office.BTIG Australia Limited ACN 128 554 601 is a member of ASIC and ASXPrior to joining Bloomberg, Mr. Bang was President of Futech Capital Management, a hedge fund managing quantitative derivative trading strategies for institutional clients. Before founding Futech in 1993, he developed a European foreign exchange cross trading business for American International Group Trading Corp. From 1988-90, he traded fixed income derivatives for Commerzbank in Luxembourg. His prior sales trading experience includes positions at BankAmerica Futures and Drexel Burnham Lambert.If style and computer desks functionality are essential to you, then the Martin Tribeca Collection executive computer desks is just what you need. Center pencil drawer converts to pull-out keyboard tray. 2 box drawers provide easy access to office essentials. Letter file drawer slides easily on ball-bearing glide and locks for security. Right pedestal opens to reveal CPU storage area with adjustable shelf and surge protector behind door. Grommet in center top of surface for wire management.During his tenure with Bloomberg, Bang led a multitude of initiatives to bring new technologies and advancements to market. Among them were the development of the first institutional consolidated limit order book and outbound smart order sweeping technology in 1998; the launch of Powermatch, Bloomberg’s electronic energy brokerage system, in 2000; the introduction in 2002 of a Commission Management Service featuring third-party Independent Research commission sharing agreements; and the establishment of the first centralized FX ECN for execution, clearing and settlement in 2007. Bang also drove the expansion of Bloomberg Tradebook to international markets and negotiated a number of partnerships to establish clearing relationships, introducing broker arrangements, and distribution of third-party technologies such as execution management systems and anonymous block trading execution venues.BTIG Hong Kong Limited, Exchange Participant of SEHK, licensed and regulated by the SFCLarger established managers and small emerging hedge funds are both gravitating towards this outsource trading model as their underlying investors demand that they operate with lower and more flexible cost structures. BTIG’s Outsource Trading Desk allows managers to avoid the fixed cost of maintaining and managing employees and technology in other countries while still getting dedicated attention to execute their trading orders.

BTIG Singapore Pte. Ltd is registered and licensed with MAS




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