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