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Stephen Markowitz joins WallachBeth Capital

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WallachBeth Capital, an institutional brokerage specializing in exchange-listed options and ETFs, has appointed options industry veteran Stephen Markowitz as a managing director.

WallachBeth Capital, an institutional brokerage specializing in exchange-listed options and ETFs, has appointed options industry veteran Stephen Markowitz as a managing director.

Markowitz was most recently senior vice president, equity derivative sales for global inter-dealer broker Tullett Prebon.

Michael Wallach, WBC’s co-founder and chief executive, says: ‘Having known and worked with Stephen for the better part of 25 years, and as the options markets have evolved, his decision to now play a senior role within our firm is a real coup. His breadth of product knowledge, broking talents, and his deep, trusted relationships with institutional managers and hedge funds will prove to be a great complement to the audience that we serve, and the services that we provide.’

Markowitz says: ‘After spending the first half of my career helping to build a major derivatives broking division within a global enterprise, I’m thrilled to be joining a boutique environment and to work with a team of industry professionals that I’ve known and respected for many years. This is a rare opportunity for me to focus on what I do best and enjoy the most; executing orders for institutional managers that depend on objectivity and personal service in the course of their navigating the options markets and managing risk-oriented portfolios.’

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