Being able to deftly price risk has differentiated Chicago-based market maker Old Mission, according to Bryan Christian, Managing Director, Head of Business Development and Strategy, describing his firm which has traditionally specialised in trading the hardest to price and most illiquid ETFs. News came at Inside ETFs, that the firm is to open up a direct-to-buyside offering to the institutional community.
Market maker Old Mission has gained approval for institutional services business, hiring Bryan Christian and Harry Whitton to drive growth. US-based market maker has Old Mission has gained regulatory approval to launch a range of new institutional services, and has made two senior hires from Cboe Global Markets and Virtu Financial to drive growth of the new business.
Market maker Old Mission has obtained a brokerage license modification for its Old Mission Markets’ subsidiary from Financial Industry Regulatory Authority, which will enable Old Mission Markets to begin offering trading services directly to buy-side institutions and ETF issuers later this year, complementing the firm’s existing market making business conducted through the Old Mission Capital broker-dealer.
Old Mission Holdings (“Old Mission”), a global, multi-asset class market-making firm, today announced that the Financial Industry Regulatory Authority, Inc. (FINRA) has approved a brokerage license modification for its Old Mission Markets subsidiary. The change will enable Old Mission Markets to begin offering trading services directly to buy-side institutions and ETF issuers later this year, complementing the firm’s existing market-making business conducted through the Old Mission Capital broker-dealer.