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Higgins Moves to Pulse Trading

Institutional broker Pulse Trading hired Pete Higgins as head of trading in its Boston headquarters.

Advanced Trading Spring 2005Institutional broker Pulse Trading hired Pete Higgins as head of trading in its Boston headquarters.

Higgins, who has 10 years of buy- and sell-side trading experience, joins Pulse from Schwab Soundview Capital Markets, which was acquired by UBS Financial Services. Prior to that, Higgins was a trader at the hedge fund Moore Capital Management for about two years. He also worked at Thomas Weisel Partners in Boston. Higgins started his career at Bear, Stearns & Co. in New York.

But it was Higgins' Boston roots that appealed to Pulse. "Pete is a well thought of guy in Boston," says Michael McCauley, president of Pulse Trading. "He is also very tactically and technically competent as to what he does."

The direct-market-access trading firm has four regional offices, located in Boston, Chicago, New York and San Francisco, and is set to open a fifth office in Dallas in early March. For each location, McCauley relates that he prefers to hire traders who know the quirks of the local buy- and sell-side trading communities.

McCauley says Higgins' job is to help grow the business and mentor some of the younger staff. "Pete's experience is well-rounded. He has an understanding obviously of the buy-side mind-set because he sat in the seat for two years. Coupling that with his trading experience and use of technology to access different pools of liquidity ... [that] is why we think he is such a great hire for us."

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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