BTIG, a broker dealer specialising in institutional trading and related brokerage services, has opened a 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,” says Scott Kovalik, co-founder of BTIG.
Phase one of BTIG’s New York renovation is now complete with the opening of its new trading floor on the 6th floor of 825 Third Avenue. The new trading floor has been expanded by more than 60 per cent from prior capacity.
Phase two, scheduled for completion in early 2011, is a 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,” adds 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.”
