Mischler Financial, a brokerage owned by U.S. military veterans, is expanding its institutional equities desk with the addition of two industry professionals. In the process, it will begin providing customers with direct access to stock markets on other continents.
The Newport Beach, California-based Disabled Veteran Business Enterprise and Service Disabled Veteran Owned Business has hired Rob Livio and Neil Currie to join its institutional equities trading group. Their charge is bring in more domestic and international block trading business.
Both Livio and Currie come onboard as managing directors and are based in the firm’s Stamford, Conn office. They report chief executive Dean Chamberlain.
Robert Livio, a 15-year international equities trading veteran, is charged with overseeing the firm’s global equities execution platform and block business. Livio’s mandate is to make the desk run 24 hours a day and provide direct access to the international equity markets.
Livio has traded the international equities and ADR markets with a focus on Pan European, Asian, LatAm and Canadian markets. He comes from UK-based Numis Securities where he spent the last five years as head of international equities trading. Prior to that, he was on the buyside working as a senior global equities trader at Brandes Investment Partners in San Diego, California.
Neil Currie, a 22-year professional and researcher, has been named to Institutional Investor magazine’s All-America Research Team and becomes the firm’s consumer market strategist. Currie has worked globally as a senior analyst in the equities securities market.
While approximately 65 percent of the firm’s revenue is currently derived from its role as a co-manager of new issues within the primary debt capital markets, the latest expansion of its equities platform is intended to better balance the firm’s business model.
By offering a 24-hour desk and direct access to the international markets, Mischler also looks to extend its book of business to public plan sponsors and fund managers.
The addition of Livio brings Mischler’s equity sales and trading group to a total of nine. The group is composed of six sales traders and 3 traders administering institutional orders from desks on both the East and West Coast.
The firm offers clients smart order routing and FIX-messaging to all major market centers and electronic communications networks. Mischler also offers clients algorithms, program trading services and transaction cost analysis reporting.
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