ECHOtrade Adds Lions Path Capital To Its Trading Firm Network

NEW YORK, April 16 /PRNewswire/ -- ECHOtrade LLC, a registered broker dealer that provides network infrastructure and capital for professional traders, announced that Lions Path Capital has joined ECHOtrade's network of trading groups.

ECHOtrade offers a broker dealer alternative for large trading groups and former fund traders to use the firm's infrastructure.  The firm provides back-end technology, accounting, risk management and compliance, and it has a long-standing joint back office (JBO) partnership with Bank of America Merrill Lynch.  ECHOtrade provides a viable and attractive option for established trading groups to house their trading operations within the ECHOtrade framework.  

"We are extremely pleased to be working with Lions Path Capital and to welcome them as part of ECHOtrade," said Brian Ferdinand, ECHOtrade Partner and Managing Director.  "We are dedicated to providing our traders with the most cutting-edge tools, capital and competitive cost structure to access the markets."

The six managing members of Lions Path Capital all have extensive experience in trading, portfolio management and research, having served as executives at firms including Goldman Sachs, Morgan Stanley, SAC Capital Advisors and S.G. Cowan.  Michael Curtis, Managing Member and CEO, had a 20-year career at Morgan Stanley, where he spent ten years in equity trading and ten years in equity capital markets, and supervised the U.S. equity syndicate desk.

"As part of our due diligence, we met with just about every proprietary trading firm on the Street.  We chose ECHOtrade because of its solid capital base, advanced technology and turnkey solutions," Curtis said.  

ECHOtrade accommodates professional traders including established trading groups coming from other proprietary trading firms; former hedge fund traders and portfolio managers; former floor traders, market-makers, exchange seat-holders and specialists; and brokers and financial analysts looking to focus on their own trading.

The firm offers a variety of tools for the professional trader including a number of trading platforms designed for professionals who require instant access to financial market data.  ECHOtrade also provides a comprehensive product for off-floor options trading and accommodates automated trading.  

About ECHOtrade LLC

Founded in 1999, ECHOtrade is a registered broker dealer with offices across the United States, including New York, Chicago, Phoenix, and Boca Raton.  ECHOtrade also offers industry-leading remote trading capabilities. ECHOtrade provides the network infrastructure and capital for established trading groups and former hedge fund traders to house their trading operations within ECHO's framework.  ECHOtrade's longstanding joint back office (JBO) relationship with Bank of America Merrill Lynch, the need for a viable cost structure, and built-in risk management tools make ECHOtrade an attractive option for serious trading groups.  The firm's Web site is www.echotradeonline.com.

SOURCE ECHOtrade LLC