US agency brokerage JonesTrading has hired Marcus Martin as head of international and GEM-ex trading as it seeks to expand its business globally.
Martin will lead JonesTrading’s expansion into Latin America, EMEA, Asia and other developed and emerging markets, offering execution services for US-based asset managers that want to access overseas markets. The broker also plans to assist US institutions in receiving order flow from non-US asset managers.
Martin joins from UniCredit Corporate and Investment Bank, where he was head of US institutional execution and risk for pan-European global markets. He has also been head of US execution at Troika Dialog, head of cash and derivatives sales trading for CEEMEA at Lehman Brothers and head of EMEA hedge fund sales trading at Merrill Lynch. He will report to JonesTrading chairman and CEO Packy Jones, as well as to the firm’s executive committee.
JonesTrading offers institutional investors and hedge funds the opportunity to access and execute block liquidity. The firm said its global expansion was planned in response to current market conditions, where larger banks have fragmented cross-border liquidity and charge a premium for trading against capital in global equities.
"During these difficult times in the financial markets, traders are increasingly relying on relationship-based trading," said Jones. "As traders continue to seek opportunities, it is clear that access to global markets is increasingly demanded. Marcus Martin brings relationships, management skills, and trading expertise in global markets to our clients."
"Through our extensive network of international local relationships, we aim to provide JonesTrading clients with unique market and trade applications that follow the daily 24 hour international storyline," added Martin. "This capability is critical in global (and especially emerging markets) where timing, relationships, and credible information flow are factors that greatly influence trading outcomes. We look forward to bringing clients the benefits of trading globally through such a reputable and successful firm as JonesTrading."