Direct Access Partners, a diversified institutional financial services enterprise, has acquired the listed equity derivative trading team from IA Englander.
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 IA 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 (pictured), chief executive and founder of Direct Access Partners, says: “The IA 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.”
“We are impressed with the depth and diversification of Direct Access’ businesses, robust infrastructure and passion for serving their clients,” says Stephen Tobias, president of IA Englander. “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.”