Tourmaline Partners Adds Industry Veterans Seth Hoenig and Aidan Toomey to Trading Team

STAMFORD, CT – August 9, 2018 (GLOBE NEWSWIRE) – Tourmaline Partners, LLC, one of the world’s leading outsourced trading solutions firms, today announced that industry veterans Seth Hoenig and Aidan Toomey have joined as Managing Directors. These new hires represent a significant addition to a robust team of senior trading professionals who are addressing a growing demand for Tourmaline’s trading and commission management services.

CEO CHAT: Aaron Hantman, Tourmaline Partners — Markets Media

Technology and innovation continue to disrupt industries and businesses around the world, and the investment management industry is no exception. Regulation – in the form of MiFID II – now adds a new challenge to an industry already wrestling with technological change in both equity trading and research. In a conversation with Traders Magazine, Tourmaline Partners CEO Aaron Hantman and Managing Partner Tim O’Halloran discuss how these trends are impacting their business.

MiFID II Research Update: Whiskey Bottles and Brand New Cars…

As implementation of The Markets in Financial Instrument Directive II (MiFID II) draws near, conventional wisdom is that few industry players – both broker-dealers and investment managers – are fully prepared to meet its requirements. In our second of two articles, we look at the more concerning fact that there now seems to be near universal agreement that the regulation will mean there will be less money spent on investment research and less investment research produced—an outcome that is not good for anyone. 

Tourmaline Hires Sarkis to Expand Institutional Equities

(Bloomberg) -- Christopher Sarkis has joined Tourmaline Partners LLC as a managing director in the firm’s institutional equities group. Sarkis was most recently the head of institutional equity sales at Rafferty Capital Markets for five years. Prior to that, he worked in the institutional equity group of Cantor Fitzgerald for 10 years. He joins Tourmaline after a period of “significant global growth” for the firm over the past year, according to Chief Executive Officer Aaron Hantman.

MiFID II: CSAs, RPAs and Specialization

Those who have been in the financial services industry since a time before acronyms like MiFID were in vogue likely recall a time when building a ‘financial supermarket’ was the new strategic plan. In the 1990s, combining brokerage, banking and insurance companies under a single umbrella to provide one-stop shopping for all things financial was heralded as the future of our business. Introduce a repeal of Glass-Steagall and it was off to the races.

Tourmaline Partners, LLC Announces Key Hires, Tim O'Halloran and Sean Riley

STAMFORD, Conn., Oct. 18, 2016 -- Tourmaline Partners, LLC, a global institutional equity and derivatives trading firm, is pleased to announce a significant senior-level management expansion to address a growing demand for its outsourced trading services.   Tourmaline has hired two senior industry executives, Tim O'Halloran and Sean Riley, to join their team in their Stamford, CT headquarters.