Proprietary trading firm Bull Moose Derivatives has opened its new City-based headquarters and appointed a head of trading and trader development as part of its expansion strategy.
Formerly Southegg Capital Management, the London-based firm says it launched in 2011 with three full-time traders, but has since grown this number to more than 30 through a mix of recruitment and its in-house graduate training scheme.
It offers a variety of discretionary and quantitative investing strategies, enabling direct market access to exchange-traded futures, options and FX with an emphasis on the emerging markets.
“As global economic indicators continue to improve, there has never been a better time to trade derivatives markets, and we see increasing demand from traders who value the fastest access, top level strategies and the best facilities, without having to worry about desk fees,” says Matthew Glassman, managing director.
Didier Voinchet has also joined the firm as head of trading and trader development, prior to which he ran the proprietary derivatives group at Odin Capital.
He also ran trading divisions at Schneider and CFT in London, and was a former floor trader with Liffe and National Westminster Bank in Paris.
“Didier brings a wealth of knowledge and experience to the Bull Moose team, and is going to play a key role in mentoring the new and experienced traders in our London office,” adds Glassman. “We’re excited about the next stage of Bull Moose’s growth, and our new facility will give us the opportunity to compete with some of the key players in proprietary trading. Our biggest focus is our people.
“As long as they’re developing as traders and enjoy coming to work, the business will continue to grow, and our new trading floor will be the ideal environment for that to happen.”