Business Model

  • Agency trading of US equities for institutions
  • Market structure analysis and commentary
  • Client focused best execution through a multitude of Exchanges, ATS and ECNs
  • No market making or proprietary trading and the related client conflicts
  • Total execution anonymity
  • Senior trader relationship management
  • Conservative capital structure significantly exceeding regulatory capital requirements


Partner Experience

  • Sal Arnuk - Agency trader and trading desk manager since 1991
  • Joe Saluzzi - Agency trader and trading desk manager since 1993
  • Paul Zajac - Trading firm management, investment banking and commercial banking since 1990



  • Introducing broker clearing through Bank of America Merrill Lynch on a fully disclosed basis
  • OASYS and ALERT compatible



  • FIX through all provider networks


Other Capabilities

  • Soft Dollars / CSAs – Commission management through Bloomberg, Instinet, ITG and Westminster or directly through Themis
  • Step Outs