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ITG and Instinet Emigres Reunite

Traders Magazine, June 2004

Staff Reports

A group of former ITG and Instinet sales pros and strategists has resurfaced at a new agency trading firm. Miletus Trading, a quantitative broker dealer, which officially hung up its shingle in January, has 13 fulltime staffers, five part timers and has eight sales and trading pros. "We have realtime analytics and strategies that can be adapted for each customer," said Miletus managing director Mike Capelli, an ex-ITG sales trader. "The key for us is technology and our proprietary software." Other Miletus pros include David Fellah, formerly of ITG, who writes strategies. Another key ITG emigre, Richard Johnson, is a product specialist.

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