BTIG Expands Futures and Commodities Desk, Hires Two New Traders
- Global financial firm BTIG LLC, has expanded its New York office with the hires of executives Eric Silverman and Jordan Lichtenstein
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 Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term experience and Jordan’s sell-side experience, we can offer our clients balanced insight from both the institutional and commercial client base.”
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.”
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 Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term experience and Jordan’s sell-side experience, we can offer our clients balanced insight from both the institutional and commercial client base.”
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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.”