BTIG Moves to New, Larger Space in San Francisco

SAN FRANCISCO, May 10, 2011 /PRNewswire/ -- BTIG, LLC announced that it has moved to a new premier location, upgraded its space and has opened a significantly larger trading floor in San Francisco.  BTIG's San Francisco office is now located in the landmark building known as the TransAmerica Pyramid.  This move is another step in the global expansion plan underway at BTIG.  The new San Francisco office is 2 1/2 times larger than the firm's previous location.  The new floor, which opened for trading on Monday, April 11, occupies 22,000 square feet and can accommodate 180 traders and staff.

"This upgrade and expansion on the west coast allows us to opportunistically hire and expand across all of our businesses," said Scott Kovalik, Co-Founder of BTIG. "We are positioned for tremendous growth over the next few years and this is an incredible opportunity to work in one of the best known buildings in the world on a floor that has been upgraded with state-of-the-art technology and infrastructure.  This is also a homecoming of sorts for BTIG's San Francisco team, many of whom spent a significant part of their careers working for both Montgomery Securities and Banc of America Securities in this building."  

This is another milestone in an unusual growth story for the financial industry in the last decade.  BTIG's history began in San Francisco in May 2002 when 5 people left this same trading floor in the Transamerica Pyramid to start a new brokerage firm. In the last nine years, BTIG has grown to over 400 people worldwide with offices located in five countries and 10 U.S. cities.  With 11 divisions, BTIG has emerged as a leader in many areas related to trading equity products, prime brokerage and other brokerage services.  BTIG's San Francisco office takes over a trading floor that at the time it was originally built was the largest trading floor in the U.S. outside of New York.

"Our move to the Pyramid is one of many exciting advancements taking place at BTIG right now," said Kevin Chessen, Co-Founder of BTIG.  "The competitive fundraising landscape combined with the present and future regulatory environment is forcing managers to find service providers like BTIG who can support them at their launch and help them reach critical mass. This expansion, along with some major enterprise upgrades that are soon to be announced, is a sign of the continued commitment to serve our clients across our key platforms, including Institutional Trading, Prime Brokerage, and Outsource Trading."  

About BTIG 

BTIG, LLC is a premier institutional brokerage and fund services company. BTIG continues to build its global franchise around a broad and experienced group of professionals who are leaders and experts in their respective fields. Founded in 2002, BTIG, including through its affiliates, employs more than 400 professionals in five different countries. BTIG serves customers from all over the world and offers services in 11 areas: Equity Trading, Fixed Income, Futures Trading, Convertible Securities, Equity Derivatives, Prime Brokerage, Outsource Trading, Direct Market Access, Capital Markets, Equity Research and Corporate Access. BTIG has ten U.S. offices: New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Norwalk and Orinda, and four international affiliates: London, Hong Kong, Singapore and Sydney.

BTIG LLC is a member of FINRA and SIPC
BTIG Australia Limited ACN 128 554 601 is a member of ASIC and ASX
BTIG Hong Kong Limited, Exchange Participant of SEHK, licensed and regulated by the SFC
BTIG Ltd is a member of the LSE and is authorized and regulated by the FSA
BTIG Singapore Pte. Ltd is registered and licensed with MAS

SOURCE BTIG LLC