First New York Securities Launches Expansion Plan Designed to Attract the Top Traders in the Industry

2009-11-10 17:26:03 -

First New York Securities, a diversified global proprietary trading firm, announced today the launch of an effort to attract the leading proprietary traders in the industry. First New York currently has more than 200 traders across various asset classes including domestic and international equities, macro rates, foreign exchange, energy, commodities, fixed income, derivatives and municipals. The firm’s compensation structure is

designed to recognize and generously reward superior individual performance. First New York intends to grow each of its business lines by strategically hiring proven and producing traders who have demonstrated considerable success.

Coordinating the recruiting effort is Danielle O’Hare who recently joined the firm from BNP Paribas. For the past seven years, Ms. O’Hare served on the Management Committee and as a Director in BNP Paribas’ Capital Markets Division where she implemented comprehensive recruiting and human resource services to significantly grow that platform. Prior to that, Ms. O’Hare worked in management roles at D.E. Shaw and BlackRock Financial.

“First New York has created a merit-based, technologically advanced platform that the top traders in the industry find extremely compelling,” said Donald Erenberg, Managing Member of First New York Securities. “We intend to attract and engage the best professionals to join our cadre of elite traders.”

Ms. O’Hare added, “First New York is a great home for the industry’s best traders. Our entrepreneurial culture and robust capital base is a perfect fit for innovative and successful traders.”


Founded in 1986, First New York Securities is a premier global proprietary trading firm. The firm’s diverse trading business spans multiple asset classes including equities, derivatives, fixed income, foreign exchange and commodities, and is backed by a state-of-the-art technology platform. First New York is one of the few remaining classic partnerships on Wall Street. Headquartered in New York City, with additional offices in London, Boca Raton and Sydney, the firm has more than 300 employees globally. To learn more about First New York Securities visit www.FirstNY.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .



First New York SecuritiesMarisol Beyk, 212-331-6516