Michael Passaro was promoted to lead the company’s ECM department.
BTIG continues to expand its equity market team with recent hires and internal promotions.
New
York-based financial services and institutional trading firm BTIG has announced
the promotion of Michael Passaro to the role of Head of Equity Capital Markets
(ECM). In his new role, Passaro will lead the equity capital markets team and work
with BTIG's industry bankers to provide strategic advice to clients on equity
solutions for capital raising needs.
BTIG Announces Promotion
of Michael Passaro to Head of Equity Capital Markets
The
promotion of Passaro comes as part of BTIG's broader push to expand its
capabilities in equity capital markets and related investment banking services.
Michael Passaro, BTIG
Anton LeRoy,
the CEO of BTIG, expressed confidence that Passaro can “drive growth and
expansion of our equity capital markets division, providing clients with
innovative transactional solutions that leverage our vast distribution network.”
Since
joining BTIG in 2020, Passaro has played a key role in expanding the
firm's equity capital markets group. He previously spent time at Deutsche Bank
and Raymond James where he focused on equities transactions for venture capital
and private equity funds.
BTIG’s Hiring Spree
The
promotion is part of an BTIG's ongoing effort to build out its
equity capital markets team. BTIG recently brought on Anthony Faria as a
Director of ECM where he will focus on ECM origination and
execution. Previously, Faria held ECM positions at RBC, UBS and Wells Fargo.
LeRoy, the
current CEO, is a personnel change from a few months ago, who replaced
Scott Kovalik. Steven Starker, the other Co-Founder, has assumed the position of Co-Chairman of the Group along with Kovalik.
BTIG
provides services in areas like institutional trading, investment banking,
research and brokerage to over 700 employees globally across 20 cities in the
U.S., Europe, Asia and Australia. The firm's investment banking division
advises clients on IPOs, SPAC deals, private placements, buybacks and other
transactions.
$200 Million Suit against
StoneX
In
November, the company filed a legal action against its competitor, StoneX Group,
alleging the theft of its proprietary software code and confidential business
information related to its stock trading technology. The lawsuit, lodged in a
California court, seeks compensation of at least $200 million.
The
accusation by BTIG revolves around StoneX purportedly poaching a group of
BTIG's traders and software engineers. According to BTIG, the aim was to acquire confidential information for developing rival trading platforms
and business ventures.
The lawsuit
claims that at least one ex-BTIG staff member secured the company's software
code by encrypting it and sending it to himself, a tactic intended to evade
detection. BTIG's legal representatives pointed to text exchanges between two
ex-employees, one of whom had moved to StoneX, discussing the appropriation of
BTIG's software code.
New
York-based financial services and institutional trading firm BTIG has announced
the promotion of Michael Passaro to the role of Head of Equity Capital Markets
(ECM). In his new role, Passaro will lead the equity capital markets team and work
with BTIG's industry bankers to provide strategic advice to clients on equity
solutions for capital raising needs.
BTIG Announces Promotion
of Michael Passaro to Head of Equity Capital Markets
The
promotion of Passaro comes as part of BTIG's broader push to expand its
capabilities in equity capital markets and related investment banking services.
Michael Passaro, BTIG
Anton LeRoy,
the CEO of BTIG, expressed confidence that Passaro can “drive growth and
expansion of our equity capital markets division, providing clients with
innovative transactional solutions that leverage our vast distribution network.”
Since
joining BTIG in 2020, Passaro has played a key role in expanding the
firm's equity capital markets group. He previously spent time at Deutsche Bank
and Raymond James where he focused on equities transactions for venture capital
and private equity funds.
BTIG’s Hiring Spree
The
promotion is part of an BTIG's ongoing effort to build out its
equity capital markets team. BTIG recently brought on Anthony Faria as a
Director of ECM where he will focus on ECM origination and
execution. Previously, Faria held ECM positions at RBC, UBS and Wells Fargo.
LeRoy, the
current CEO, is a personnel change from a few months ago, who replaced
Scott Kovalik. Steven Starker, the other Co-Founder, has assumed the position of Co-Chairman of the Group along with Kovalik.
BTIG
provides services in areas like institutional trading, investment banking,
research and brokerage to over 700 employees globally across 20 cities in the
U.S., Europe, Asia and Australia. The firm's investment banking division
advises clients on IPOs, SPAC deals, private placements, buybacks and other
transactions.
$200 Million Suit against
StoneX
In
November, the company filed a legal action against its competitor, StoneX Group,
alleging the theft of its proprietary software code and confidential business
information related to its stock trading technology. The lawsuit, lodged in a
California court, seeks compensation of at least $200 million.
The
accusation by BTIG revolves around StoneX purportedly poaching a group of
BTIG's traders and software engineers. According to BTIG, the aim was to acquire confidential information for developing rival trading platforms
and business ventures.
The lawsuit
claims that at least one ex-BTIG staff member secured the company's software
code by encrypting it and sending it to himself, a tactic intended to evade
detection. BTIG's legal representatives pointed to text exchanges between two
ex-employees, one of whom had moved to StoneX, discussing the appropriation of
BTIG's software code.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
After 20 Years at Saxo Bank, Casper Andreas Solbakken Steps Down Amid Ownership Change
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
