To many, Dash Financial Technologies is best known as one of the industry’s leading options trading technology, agency execution and analytics providers. With good reason, too: after launching the firm in 2011 and steadily building the business, both organically and through acquisition – the latter including the acquisition of Convergex’s LiquidPoint business last year – Dash now executes approximately 14% of the entire OCC daily listed options volume, touches an additional 30% via trading workflow and compliance solutions and operates one of the Street’s leading regulatory reporting technology solutions.
But what is less known is the growing momentum in the firm’s buy side business, which started to increase several years ago and has gathered pace significantly this year. Since January, Dash has been on a hiring spree, adding a swath of boldface names from the institutional equities trading industry, including Glenn Lesko, Stino Milito, Jamie Bogen, James Doherty, Peter Mulieri, John King, Barbara Francis and Jennifer Hubbs. Several of those individuals are present in Miami this week at the Equities Leaders Summit, where Dash is a lead sponsor.
For CEO Peter Maragos, the moves are less about focusing on any one particular asset class and more about the firm continuing to execute on its plan to become the technology and analytics partner of choice to both the buy and sell side.
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