Business Model

  • Agency trading of US equities for institutions

  • Market structure analysis and commentary

  • Client focused best execution through a multitude of Exchanges, ATS and ECNs

  • No market making or proprietary trading and the related client conflicts

  • Total execution anonymity

  • Senior trader relationship management

  • Conservative capital structure significantly exceeding regulatory capital requirements

 

Partner Experience

  • Joe Saluzzi - Agency trader and trading desk manager since 1993

  • Scott Wilson - Position and program trader since 1986

  • Paul Zajac - Trading firm management, investment banking and commercial banking since 1990

 

Clearing, Connectivity, And Other Capabilities

  • Introducing broker clearing through RBC Capital Markets, LLC on a fully-disclosed basis

  • Clearing through the DTCC CTM clearing system with access to the DTCC ALERT database platform

  • Manual and batched program allocations and clearing

  • Order receipt connectivity across all FIX networks

  • Soft Dollars / CSA's through Westminster, ITG, Instinet, Liquidnet, and State Street or directly through Themis

  • Step-outs to other brokers