Option & ETF Broker WallachBeth Capital LLC Announces Further Expansion; Former Tullett Prebon Equity Derivatives Exec Joins Boutique Execution Firm
New York, NY, June 24, 2009 --(PR.com)-- WallachBeth Capital LLC (“WBC”), the institutional brokerage specializing in exchange-listed options and ETF’s, announced today that options industry veteran Stephen Markowitz, most recently Senior Vice President, Equity Derivative Sales for global inter-dealer broker Tullett Prebon, has joined WallachBeth Capital as a Managing Director of the firm.
According to Michael Wallach, WBC’s co-founder and CEO, “Having known and worked with Stephen for the better part of twenty-five years, and as the options markets have evolved, his decision to now play a senior role within our firm is a real coup. His breadth of product knowledge, broking talents, and his deep, trusted relationships with institutional portfolio managers and hedge funds that are active in the option and ETF space will prove to be a great complement to the audience that we serve, and the services that we provide.”
Stephen Markowitz stated, “After spending the first half of my career helping to build a major derivatives broking division within a global enterprise, I’m thrilled to be joining a boutique environment and to work with a team of trading industry professionals that I’ve known and respected for many years. This is a rare opportunity for me to focus on what I do best and enjoy the most; executing orders for institutional managers that depend on objectivity and personal service in the course of their navigating the options markets and managing risk-oriented portfolios.”
About WallachBeth Capital LLC
WallachBeth Capital LLC operates on a fully-disclosed, agency-only basis while serving the needs of institutional managers, premiere hedge funds, sell-side trading desks, and sophisticated professionals trading in the wide-spectrum of exchange-listed equity options, listed and OTC equities, ETF’s, and non-US equities. Member FINRA, SIPC, CBSX, ISE, ARCA, and New York Amex options.
For Additional Information:
Michael Wallach, CEO
Tel. 646-237-8585
www.WallachBeth.com
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According to Michael Wallach, WBC’s co-founder and CEO, “Having known and worked with Stephen for the better part of twenty-five years, and as the options markets have evolved, his decision to now play a senior role within our firm is a real coup. His breadth of product knowledge, broking talents, and his deep, trusted relationships with institutional portfolio managers and hedge funds that are active in the option and ETF space will prove to be a great complement to the audience that we serve, and the services that we provide.”
Stephen Markowitz stated, “After spending the first half of my career helping to build a major derivatives broking division within a global enterprise, I’m thrilled to be joining a boutique environment and to work with a team of trading industry professionals that I’ve known and respected for many years. This is a rare opportunity for me to focus on what I do best and enjoy the most; executing orders for institutional managers that depend on objectivity and personal service in the course of their navigating the options markets and managing risk-oriented portfolios.”
About WallachBeth Capital LLC
WallachBeth Capital LLC operates on a fully-disclosed, agency-only basis while serving the needs of institutional managers, premiere hedge funds, sell-side trading desks, and sophisticated professionals trading in the wide-spectrum of exchange-listed equity options, listed and OTC equities, ETF’s, and non-US equities. Member FINRA, SIPC, CBSX, ISE, ARCA, and New York Amex options.
For Additional Information:
Michael Wallach, CEO
Tel. 646-237-8585
www.WallachBeth.com
###
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