Investment Technology Group is hiring Jamie Selway, a well-known market structure commentator, who co-founded institutional agency broker White Cap Trading. Selway is joining ITG as managing director in its New York office on Aug. 2nd.
Selway is closing White Cap Trading, which he co founded in 2003, and joining ITG along with his three partners from White Cap Trading, William D’ Arbanville, Jamie Petraglia and Tim Love, according to ITG’s release. D’Arbanville and Petraglia will join ITG’s New York trading desk while Love will join the Boston trading desk.
In a letter to clients, released publically by ITG, Selway and his partners cited the “challenging economic climate,” but expressed pride in nearly seven years of operating a small firm. “We had good run as the saying goes. We created something from nothing, served our clients, contributed to our industry’s progress, and learned continually along the way,” stated the letter, signed by the four partners.
Over the past nine months, the partners explored a handful of opportunities that would allow the current business to continue to operate in a larger, entrepreneurial organization with diversified operations and opportunity to expand in this environment. “ITG clearly meets those standards. ITG operates its institutional brokerage business without conflict, and its trust-based relationships are amongst the strongest in our industry,” stated the letter.
Selway previously served as chief economist at Archipelago and worked in equity derivatives research at Goldman Sachs.
Selway will contribute to ITG’s business strategy and provide ITG clients with analysis of market structure and potential developments in the regulatory environment.
Commenting on the hires, ITG’s CEO and President Bob Gasser, stated: “Jamie is universally recognized as a key player in the evolution of US market structure. Over the past several years he has become a valued advisor to the buy side trading community and a respected industry voice on regulatory issues that directly affect our business.” Gasser, added, “The addition of Jamie and his White Cap colleagues to our team affirms ITG’s commitment to developing a differentiated portfolio of content offerings to complement our world class trading analytics and execution capabilities.”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