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Merriman Curhan Ford has hired Joe Minton as managing director and head of derivatives to launch an agency options trading desk for institutional investors.
Merriman’s new agency options platform complements its equity trading desks in San Francisco and New York to help institutional investors incorporate options into their funds and portfolios.
Options trading can help institutions manage risk and volatility, especially when trading small-cap equities.
"I’m pleased to welcome Joe to the firm. He has quickly established a quality options trading platform which enhances our equity trading experience for institutional investors," says Jon Merriman, chief executive officer of Merriman Holdings.
Otkritie, one of the largest financial groups in Russia, has bolstered its research team with the appointment of two senior Russian equity market specialists.
Vladimir Tikhomirov, who joins from Uralsib Financial, becomes senior economist at the firm, while Marat Ibragimov, who moves from Citi Investment Research, joins as senior consumer analyst.
They both start at Otkritie on 30 August. They will be based in Moscow and will report to Vladimir Savov, head of research at Otkritie.
Tikhomirov has over 25 years’ international experience and is one of Russia’s leading economists. He joins Otkritie from Uralsib Financial where he has
Fidessa group, a provider of trading, connectivity and market data solutions for the buy-side and sell-side, is providing connectivity to Chi-X Japan through its global FIX network.
This will allow users of Fidessa’s trading products, as well as clients connected to Fidessa’s global network, to access the liquidity and market data available from this new venue.
Chi-X Japan, a subsidiary of Chi-X Global, is the first Chi-X venue to launch in Asia and the latest proprietary trading system in the Japanese equity market.
Chi-X Japan’s matching engine serves as the foundation for the alternative trading venue for broker-dealers and
LCH.Clearnet has appointed Michael Davie as chief executive of SwapClear, its interest rate swap clearing service.
In this new role, Davie will lead the next phase of the development of SwapClear which will focus on ensuring the best possible products and services are delivered to the buy-side.
He will report to Roger Liddell, chief executive, LCH.Clearnet.
Liddell says: “Clients represent a large proportion of the global interest rate swap market. Michael’s appointment reflects our commitment to delivering OTC derivative clearing services to the buy side and of ensuring that SwapClear’s market leading offering evolves in line with their needs.”
Davie