BTIG Continues Adding to Fixed Income Unit, Securing Two Directors

BTIG, a global financial services firm specializing in Institutional Trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term, investment banking, research, and related brokerage services, has once again added to its growing Fixed Income unit in New York, this time securing Michael Stewart and Michael Di Felice, per a BTIG statement.

Last month, BTIG added a trifecta of specialists to its Fixed Income Credit Group, including John Agnew, Drew Hall, and Evan Jones. Its latest hiring round includes Michael Stewart and Michael Di Felice, who have joined the firm within the Fixed Income Credit Group as well.

Continued Expansion

In his new role at BTIG, Mr. Stewart will serve as a Managing Director within the Fixed Income Credit Group, where he will focus on trading convertibles and selling. He joins the unit with over two decades of experience in the institutional fixed income sales and trading space, including a similar role at Seaport Global Securities, Jefferies, and Barclays.

By extension, Mr. Di Felice lands at BTIG as a Director within the Fixed Income Credit Group – his mandate will see him focus on distressed debt, high Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term and convertible bond sales. Previous stops include positions as the Senior Vice President of Fixed Income Sales at GMP Securities.

Both individuals will be based out of New York, reporting to Darren Haines and Drew Doscher, Co-Heads of the Fixed Income Credit Group at BTIG respectively. According to Mr. Doscher, in a statement on the hires: "Michael Stewart and Michael Di Felice are welcome additions to our team as we continue to aggressively invest in our platform. Given the rapidly-changing market conditions, it is imperative that we are appropriately staffed to create solutions for decision-makers across our institutional investor client base.”