EFX Prime Services, a division of trading firm First New York Securities, has recently announced the creation of its new hedge fund team. According to the company, the team is made up of First New York Securities’ operations and trading experts along with several new hires. “Our operations team supports global trading strategies across all asset classes,” commented Mario Maugeri, Managing Director of Operations. “We look forward to offering our expertise to the benefit of our hedge fund clients.” The team is led by Mr. Maugeri who has been with First New York since 1995.
Other members of the EFX Prime Services team include Glen Mauriello, Manager Domestic Operations, who worked most recently at LaBranche Financial Services as Director of Clearing Operations and brings 22 years of experience to the team; Peter Lombardo, Operations Specialist, who “oversees managed accounts and all external allocations via EFX Capital;” and Nick Mancuso, Operations Specialist, who has 16 years of operations and trade support experience.
Brandt Mandia and Sal Martorano head the Electronic Trading/Direct Market Access team as Managing Directors. Both men joined the firm in 2008 when First New York acquired Spartan Technologies. They now oversee EFX Prime’s proprietary DMA platform EFXtrade. The team also includes Joe Aquino in Trade Support, who first joined First New York in 1993.
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