Fri, Jun 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Direct Access Partners acquires listed equity derivative team from I.A. Englander & Co.

Wednesday, September 12, 2012
Opalesque Industry Update – Direct Access Partners, LLC (Direct Access), a diversified institutional financial services enterprise, today announced that it has acquired the listed equity derivative trading team from I.A. Englander & Co. The acquisition marks the significant expansion of the firm’s capabilities in a wide range of equity derivative products.

The Direct Access options team will focus on dynamic hedging, yield enhancement, stock replacement and volatility strategies for client portfolios. The team will implement its strategies through listed equity derivatives, including single stock, ETF and index options. They will be fully integrated into the firm’s equity and fixed income trading teams.

The team joining Direct Access from I.A. Englander includes Harry Silver, Mark Neuberger, Martin Field and Steven Goldfarb. Each team member has over 20+ years of option trading experience at major investment banks, hedge funds and boutique firms.

Ben Chinea, CEO and Founder of Direct Access Partner added, “The I.A. Englander transaction is another step in the execution of our business strategy to expand into relevant and complimentary business lines. The team is an excellent fit as we continue to evaluate and actively pursue new business opportunities in asset management and global institutional trading across all asset classes.”

Donald Motschwiller, Managing Partner of Direct Access Partners added, “We could not be more excited about the I.A. Englander team joining Direct Access as we continue to execute on our growth and diversification strategy. There are few teams that possess the track record, industry recognition, and decades of experience of this group. The team will incorporate sophisticated option analytics, fundamental, technical, and volatility analysis utilizing our intellectual capital and our uncompromising commitment to client service while providing insightful ideas that enhance our clients’ real returns.”

“We are impressed with the depth and diversification of Direct Access’ businesses, robust infrastructure and passion for serving their clients,” said Stephen Tobias, President of I.A. Englander & Co. “The derivatives team is highly talented, leveraging our firm’s deep experience sourcing liquidity. The equity derivative markets continue to expand and this team offers significant expertise and strategic counsel to Direct Access’ larger customer base.”

Harry Silver has 23 years Wall Street experience, the majority of which was at Morgan Stanley, becoming a Managing Director at 34 and co-headed their Equity Index derivative desk. He was also previously with Jefferies & Co. and a multi-billion dollar hedge fund.

Mark Neuberger began his career in 1981 at Morgan Stanley and spent 23 years there ultimately heading the U.S. Single Stock Options desk as Managing Director. Mark has employed his volatility strategies for both the buy side and the sell side including JP Morgan where he was a Managing Director in charge of U.S. Single Stock Options.

Martin (Marty) Field brings 27 years of options experience to Direct Access, including managing American Stock Exchange floor operations for JAS Securities and also a market maker during that time. Subsequent to that he was a Vice President with the Single Stock Options desk at J.P. Morgan.

Steven Goldfarb has been in the industry since 1991 including roles at Susquehanna Investment Group, EntreMed Inc. and Pali Capital.

(press release)

Founded in 2002, Direct Access Partners, LLC is a diversified, institutional financial services enterprise. www.daptrading.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is