Rosenblatt Securities, a US agency-only boutique broker, has opened a trading desk in St Louis, Missouri and added Latin America securities to its list of international trading capabilities.
The firm has hired Wes Walker and John Streett, who both previously worked at rival brokers Instinet and Bridge Trading, to the new St Louis desk, joining Jay Indovino, Rosenblatt’s managing director and head of sales. Walker and Streett will be responsible for expanding the broker’s presence in the Midwest and throughout the US, with a focus on trading and commission management services such as commission sharing agreements.
“We continue to expand our footprint in equity sales trading, and Wes and John’s skills significantly boost this effort and complement our highly-regarded NYSE floor brokerage team and New York-based upstairs trading desk,” said Indovino in a statement. “Additionally, the expertise they gained during their years at Instinet and Bridge, two of the pioneers in third-party research, will help us meet growing institutional demand for those services.”
Rosenblatt has also appointed Chris Barresi from Brazilian bank Itaú Unibanco to spearhead its Latin American execution and sales trading presence. Barresi’s appointment builds on the international trading capabilities Rosenblatt launched in 2008, which to date has been focused on European-hours coverage. Barresi has spent most of his career at Bear Stearns, where he was most recently managing director of Latin American equities from 2004 to 2008.
“[Barresi’s] experience and knowledge of Latin America and reputation for scouring for local colour will help us expand our platform into a region that we consider a long-term growth opportunity,” said Joe Gawronski, Rosenblatt’s president and chief operating officer.