BTIG Expands Futures and Commodities Desk, Hires Two New Traders

BTIG LLC, a global financial services firm specializing in institutional trading, investment banking and related brokerage services, announced today it is expanding its Futures and Commodities desk with the hires of Eric Silverman and Jordan Lichtenstein.

Eric and Jordan are based in BTIG’s New York office and will report to Robert Gagnon, Head of Commodity Futures. “These hires complement the expertise of the Futures and Commodities desk and will broaden our reach into the energy segment of the futures and OTC market,” said Gagnon. “Between Eric’s buy-side experience and Jordan’s sell-side experience, we can offer our clients balanced insight from both the institutional and commercial client base.”

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BTIG launched its Futures and Commodities trading desk in 2010 and now has sales traders based in New York, Chicago and London. This expansion of the desk and its commodities futures offering provides increased capability, particularly in the energy space. The firm has explained that these new hires are part of a strategic move by BTIG to provide services to clients who have energy commodities as part of their portfolios.

Eric Silverman has over 14 years of buy-side experience, most recently trading energy futures and supporting crude oil desk trading activities at Noble Americas. Prior to that, he worked at Glencore Ltd. as an oil derivatives trader and risk manager.

Jordan Lichtenstein has 12 years of experience in sales trading in the energy sector. Most recently, he was a sales trader with UBS for seven years, where his primary responsibilities included executing crude oil derivatives and managing client relationships. Prior to UBS, he spent five years in global energy futures at ABN AMRO, first on the NYMEX floor and then on the sales trading desk.

“What started four years ago as a desk to service a niche within the base metals market has expanded to provide execution and market insight across a wide spectrum of futures products,” said Anton LeRoy, BTIG’s Head of Fixed Income Currency and Commodities. “The hiring of Eric and Jordan highlights our ongoing commitment to enrich that offering for our clients. We will continue to seek additional professionals to meet our clients’ trading needs.”