Ticonderoga Securities Further Expands Equity Derivatives Group with Four New Hires

New team to help grow firm's set of offerings

Jan 11, 2010, 09:47 ET from Ticonderoga Securities

NEW YORK, Jan. 11 /PRNewswire/ -- Ticonderoga Securities, an institutional broker dealer, today announced the expansion of its Equity Derivatives Group with the addition of four new hires. John Martin, former Head of Listed Equity Derivatives at Newedge, will run the marketing effort for the firm's listed options and OTC products.

Joining Martin in this effort are Ernest Brooks, Matthew McNulty and Ryan Renicker, all also formerly of Newedge. This expansion is the first step in the firm's effort to fully build out its equity derivatives platform, launched in November by Vuk Bulajic, Head of Equity Derivatives for Ticonderoga.

"It is important to recognize and adjust to the ongoing changes in the market environment. With the addition of John and his team, Ticonderoga will be positioned to better serve clients' specific needs," said Bulajic.

With the expansion of the Equity Derivatives Group, 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. Martin and his team will further diversify Ticonderoga's product offerings by focusing on market intelligence and idea generation, incorporating strategies on both cash and derivatives to create a more comprehensive product for a diversified customer base.

Said Martin, "We are looking forward to the enormous opportunities the expanded group will present. We will be able to occupy a unique presence in the market by exploiting synergies and optimizing our expertise across all equity products at Ticonderoga."

Prior to Ticonderoga, Brooks served as a VP of Equity Derivatives at Newedge for four years. McNulty also served as a VP of Equity Derivatives at Newedge after six years on the American Stock Exchange, where he started his career. Renicker joins Ticonderoga after serving as the Derivatives Strategist at Newedge. Before that he was Head of US Equity Option Strategy at Lehman Brothers and has been with three top-ranked teams in Equity Derivatives research.

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 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.

SOURCE Ticonderoga Securities