Doug Aronstein Hired to Enhance Program Trading Capabilities at Piper Jaffray
June 18 2008 - 9:30AM
Business Wire
Piper Jaffray has hired Doug Aronstein as head of program trading
to enhance the firm�s trading capabilities on the electronic
trading team. He will be based in the New York office and lead the
team in continuing to provide sophisticated algorithmic trading and
order routing to secure the best price and market representation
for clients. With nearly 15 years of experience, Aronstein joins
Piper Jaffray from Bank of America where he was previously a
principal in electronic trading services and focused on growing the
program trading business with North American and European clients.
Prior to Bank of America, he was head of international program
trading sales at Deutsche Bank where he was responsible for
developing and leading a group that achieved the #1 Overall
International Portfolio Trading Quality rating in the Greenwich
Associates Survey in 2003 and 2004. �Doug�s strong experience with
generating new domestic and international electronic trading
relationships across electronic trading platforms will complement
the already successful algorithmic business we have at the firm,�
said Jim Fehrenbach, head of equity sales and trading at Piper
Jaffray. Aronstein earned a bachelor�s degree from the University
of Virginia and a Master of Business Administration degree from the
University of Michigan. About Piper Jaffray Piper Jaffray Companies
is a leading, international middle-market investment bank and
institutional securities firm, serving the needs of middle-market
corporations, private equity groups, public entities, nonprofit
clients and institutional investors. Founded in 1895, Piper Jaffray
provides a comprehensive set of products and services, including
equity and debt capital markets products; public finance services;
mergers and acquisitions advisory services; high-yield and
structured products; institutional equity and fixed-income sales
and trading; and equity and high-yield research. With headquarters
in Minneapolis, Piper Jaffray has 25 offices across the United
States and international locations in London, Hong Kong, and
Shanghai. Piper Jaffray & Co. is the firm's principal operating
subsidiary. (NYSE: PJC) (http://www.piperjaffray.com) Since 1895.
Member SIPC and FINRA. � 2008 Piper Jaffray & Co., 800 Nicollet
Mall, Suite 800, Minneapolis, Minnesota 55402-7020
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