First New York Securities, Leading Proprietary Trading Firm, Opens Boca Raton Location

NEW YORK, Feb. 10 /PRNewswire/ -- First New York Securities, a diversified global proprietary trading firm, announced today the opening of its Boca Raton location.  In addition to attracting premier traders in the area, the new location will also allow the firm to recruit top talent from across the United States.

First New York, with over 200 traders in various asset classes, is in the process of growing each of its business lines by strategically hiring proven and producing traders who have demonstrated considerable success. A significant factor in the firm's ability to continue to build a preeminent business is due to its compensation structure which is designed to recognize and generously reward superior individual performance.

Commenting on the new office, Donald Motschwiller, First New York Co-President, said, "We have created a merit-based, technologically robust trading platform that caters to the most talented professionals in the industry. This new effort in South Florida, we believe, will prove to be very appealing to top professional traders."

To lead the new effort in South Florida, Michael Macleod joins as a Managing Director and head of the new office.  A former New York City resident, Macleod moved to South Florida in 2002.  He was the co-founder of BUYandHOLD, Inc., a leading online brokerage for investors, which was voted Best of the Web by Forbes and received five stars from Barron's.  

Mr. Macleod added, "Our Boca Raton location offers traders with proven track records the same environment and high standards of our New York City headquarters, with all the benefits that living in Palm Beach County has to offer.  It's an enticing proposition."

About First New York Securities, LLC:

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 and its compensation structure is designed to recognize and generously reward superior individual performance. Headquartered in New York City, with additional offices in London and Boca Raton, the firm has more than 300 employees globally. To learn more about First New York Securities visit www.FirstNY.com.  

SOURCE First New York Securities

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