NEW YORK, Dec. 19, 2014 /PRNewswire/ -- Macro Risk Advisors (MRA), a leading provider of global equity derivatives strategy and trade execution for institutional investors, today announced the expansion of its team with the hiring of Jason Fay and Scott Draper as Institutional Salestraders. The addition of Mr. Fay and Mr. Draper demonstrates MRA's commitment to providing its client base with exceptional and timely analysis around risk and the market environment.
"Both Jason and Scott bring valuable experience in delivering daily market insights and execution capabilities to institutional clients," said Brian Bier, the Head of Equity Derivative Sales and Trading at MRA. "Their extensive knowledge and depth of experience in facilitating complex option transactions further enhances the value proposition MRA offers to institutional clients," said Mr. Bier.
Jason Fay brings fifteen years of event driven and cash trading experience to MRA, and he will continue to focus on event driven names, as well as provide strategy and execution services across single stock and index options. "I am excited to join the team at MRA, where the risk focused strategy product combined with expertise in execution provides a real advantage to clients," said Mr. Fay. Prior to joining MRA, Mr. Fay worked on the derivatives desk at Nomura Securities and was previously the co-head of the event driven desk at Bank of America, focusing on LBO's and risk arbitrage deals.
Scott Draper brings to the MRA team a strong background in both derivatives trading and risk management and has worked closely with clients to design and implement options-based investment strategies. "The collaborative environment at Macro Risk Advisors is unique. I am looking forward to working with team members to help our clients better manage risk." Prior to joining MRA, Mr. Draper spent ten years working at Susquehanna as a salestrader executing innovative hedging and trading strategies for customers. He also held a senior position as an equity derivatives trader at Banc of America Securities and served previously as the head of the listed option trading desks at both Salomon Brothers and Citibank.
About Macro Risk Advisors
Macro Risk Advisors is an independent derivatives strategy and execution firm headquartered in New York and specializing in translating proprietary market intelligence into specific trading ideas for institutional investors. Utilizing proven techniques for trade execution, MRA enables clients to consistently achieve efficient pricing in the equity and option markets. MRA's strategy notes are read by more than 500 unique institutional firms. The company is a FINRA-registered broker-dealer. For more information, visit www.macroriskadvisors.com or MRAD <GO> on Bloomberg.
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SOURCE Macro Risk Advisors
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