Ladenburg Expands
Traders Magazine Online News, April 19, 2012
Miles told Traders Magazine the desk has grown in size from around 15 to 25 and has room to grow further. Virtually all trades are done high-touch on the desk, though the firm does offer clients algorithms from third-party providers.
"With the addition of Jack and the others we were able to add bandwidth to our current team," Rosenberg said. "These guys have great relationships on the Street and that's what we were looking to leverage with our research offering."
And the firm is also listening to client requests for international equities, Rosenburg said. He added that clients have asked to trade in several European countries and in Australia.
And Ladenburg isn't done yet, either. Looking ahead, Miles said that while the firm doesn't plan any large-scale changes in its strategy, it is still looking for sales traders and staff.
Looking ahead, Miles said the firm doesn't plan any large-scale changes in its strategy, but it is still looking for sales traders and staff.
"We're always looking opportunistically to add good quality people," he said.
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