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Penserra Continues Expansion Of Equity Trading Services

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SOURCE Penserra Securities LLC

NEW YORK, June 12, 2014 /PRNewswire/ -- Penserra Securities LLC, a U.S. based financial services firm that specializes in global institutional trading and related brokerage services, today announced that it is bolstering its domestic equities presence and capabilities with the addition of Hal Smolanoff, Ethan Vickery, Rob Carr and Andrew Fishkind.  The group of industry veterans will operate out of the New York City office.

"Penserra continues to seek innovative ways to improve execution performance for our clients across the global equity markets and, as such, we continue to recruit forward-thinking and client-focused professionals," said George Madrigal, Chief Executive Officer of Penserra Securities.

Since 2008, the firm has focused on enhancing anti-gaming execution strategies which includes a deep understanding of the complex attributes of the many equity execution venues.  Messrs. Smolanoff and Vickery will work to expand on Penserra's existing trading capabilities in single-stock execution for the U.S. equity markets. Smolanoff and Vickery both worked at Pulse Trading, which grew into a nationally regarded broker known for high-touch quality execution.  Pulse was acquired by State Street Global Markets in 2011. 

"The various proprietary trading strategies we have developed to benefit and protect our customers are a direct complement to Penserra's trading philosophy," added Smolanoff. "Our collective view is to look out for the best interest of our customers as we navigate the increasingly complex equity markets in the U.S. and abroad."  

Messrs. Carr (previously with Fidelity, Weeden, and Fox River) and Fishkind (one of the founders of Aqua ATS) both have extensive backgrounds in equity trading, electronic platforms and algorithms.  They will work to expand the firm's presence in the institutional client community by providing sales and marketing across equity execution services.

About Penserra Securities LLC
Penserra Securities provides institutional investors with global equity and fixed income execution services as well as specialized equity research focused on consumer sector U.S. companies and event driven activities. Founded in early 2007, Penserra is committed to designing custom solutions for its customers execution needs across equity and debt capital markets. Penserra also offers corporate banking, ETF sub-advising, and transition management services.  Advisory and fiduciary services are offered through Penserra Capital Management LLC, a registered investment advisor and affiliate of Penserra Securities LLC. For more information about Penserra and its services please visit www.penserra.com.

Contact:
Anthony Castelli
Penserra Securities LLC
800.456.8850

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