NEW YORK, March 15, 2010 (GLOBE NEWSWIRE) -- Ticonderoga Securities, an institutional broker dealer, today announced the launch of its Exchange-Traded Funds (ETF) Desk, which will be led by William Bauer. Bauer joins Ticonderoga with more than 18 years of institutional equity and derivative sales and trading experience, with five years focused on ETFs.
The new group will specialize in market making capabilities for institutional investors moving in and out of ETFs. The team will also advise clients on portfolio-trading issues, provide analysis and strategy, and assist in order execution through strong collaboration with the firm's Sales & Trading Desk. As head of the ETF Desk, Bauer will focus on building out the ETF platform over the next several months, adding support staff, assistant traders and sales traders focused on ETF sales.
"Bill, who has an unparalleled level of expertise in ETFs, is a significant addition to our growing team," said Shawn McLoughlin, CEO and Co-Founder of Ticonderoga Securities. "We are confident that Bill will make a strong and immediate contribution to our client offering."
Bauer comes to Ticonderoga from Knight Capital, where he was a Director in ETF sales and trading. Before that, he was Vice President in sales and trading on the ETF market-making desk at Newedge Financial LLC, and also served as Vice President in sales and trading at RBC Capital Markets. Bauer attended University of Hartford with a focus on economics and finance.
"Hedge funds and money managers are increasingly embracing ETF's as a superior product with greater transparency and liquidity," said Bauer. "As this continues, Ticonderoga will be positioned well for growth."
With the addition of the ETF Desk, Ticonderoga continues to position itself as a leading broker dealer, concentrating on domestic and international equities with a focus on high-quality order execution alongside its differentiated research. The new group will further diversify Ticonderoga's product offering, which was recently expanded to include a Risk Arbitrage Desk, as well as coverage of the Brokerage, Asset Management, Exchanges and Homebuilding and Building Products sectors.
About Ticonderoga Securities
In May 2009, Ticonderoga Securities LLC acquired Reynders, Gray & Co. Inc. a respected firm with more than 30 years' experience and an enviable track record. Ticonderoga Securities operates a dual capability with a New York Stock Exchange floor based team providing direct access as well as the desk based models. The firm is led by Joel Plasco and Shawn McLoughlin, the former Group CEO and the former North American CEO, respectively, of Collins Stewart Plc (CLST.LN), and concentrates on domestic and international equities and focuses on high quality, conflict free order execution, as well as a differentiated research offering to support its first class execution capabilities. For more information, please visit www.ticonsec.com.