TraderTools has hired Andreas Putz as director of sales and Rich Pisarra as liquidity manager in New York, following new investment into the firm.
“We are building out our ULN (EM network) and scaling up what has been a very successful initiative for us. We plan on going very aggressively after the software white label market and the connectivity markets for regional banks and brokers. We will be aggressively pricing the commoditised components for vanilla G10 flow,” Mark Mayerfield, chief revenue officer at TraderTools, tells Profit & Loss in emailed comments.
Mayerfield also confirms that these hires follow new investment in TraderTools, and although he declines to provide details regarding the size and scale of the investment, sources indicate that Drew Niv, formerly the CEO of FXCM, and John Dittami, the CEO of Effex Capital, are amongst the new investor group. However, Profit & Loss understands that Edison Ventures remains the largest shareholder in the firm despite this new investment.
Putz joins TraderTools from HC Technologies, where he had been a sales manager since 2015. Prior to that, he spent 10 years as a managing director at FXCM. The first 15 years of his financial services career were spent as an FX, derivatives and emerging markets trader and sales person at various banks in Singapore, Frankfurt, London and New York.
Pisarra had been working for TraderTools as a consultant since June 2018, but now has now taken on a permanent role with the firm. Prior to this, he was a director at RJ O’Brien for four years. He has also worked in a variety of roles for Cantor Fitzgerald, Floyd Capital, Solaris Capital, Deutsche Bank and Credit Suisse, in a career that dates back to 1995.