CHICAGO, April 23, 2013 /PRNewswire/ -- Dash Financial, a member of The Dash Group of companies and the market leader returning unbending agency execution of US equities and derivatives, announced today the matriculation of options industry veteran Michael Khouw as Managing Director and Strategist for Business Development. "We could not be more proud to add Michael to our Senior Management team!" said Scott Goldfarb, CEO of Dash Financial. "Michael brings distinct and significant industry expertise, along with a nuanced understanding of market dynamics and microstructure. The Dash suite of algorithmic products are best-in-breed, elegant solutions to the complex, non-trivial optimization and trade execution challenges posed by today's fragmented marketplace. As a former client of Dash Financial, Michael understands the immense value our product and service offerings create and we are thrilled to have this further vote of confidence from one of the industry's most respected experts. Michael is a key, strategic addition to our team as we prepare to release our next generation of paradigm-shifting algorithmic products."
Michael Khouw was enthusiastic in discussing his new role. "I have long admired Dash's ethically capitalist approach to redefining algorithmic trading on Wall Street," said Mr Khouw. "The Dash team have built one of The Street's most talked-about brands ex nihilo in a remarkably short period. The team stirred-up dormant sentiment on Wall Street last summer with their 'open letter' ( http://www.dashfinancial.com/open_letter.pdf) and the corporate values declared therein permeate Dash culture in a refreshing and motivating manner. I am excited to be part of this dynamic group of passionate professionals and to exercise my deep experience in derivatives trading and business development to expand the Dash footprint. Together, we will continue to innovate and evolve algorithmic brokerage while leading the charge of democratizing high-frequency electronic technologies."
Michael will be a primary strategist in business development at Dash. He lends his significant industry knowledge, coupled with Dash's best-in-class, proprietary technology, to provide Dash clients and partners with the industry's leading trade execution and consulting services. Prior to joining The Dash Group, Michael was Managing Director and Head of Equity Derivatives at CRT Capital Group. Previously, he was a Director at Cantor Fitzgerald, LP where he led the Listed Equity Derivatives Desk as senior derivatives trader. Michael also worked as an analyst at Ivory Capital, LLC in Los Angeles. Michael is a former member of the New York Mercantile Exchange, The American Stock Exchange, and the Philadelphia Stock Exchange. He holds a BA from Tufts University.
Dash Financial, a member of The Dash Group of companies, is the premier, next-generation electronic brokerage firm. With offices in Chicago, New York, San Francisco and Kiev, Dash provides both buy- and sell-side clients with bespoke, low latency algorithmic, trade execution and DMA connectivity in US equity and options markets. Dash's value-for-value approach to algorithmic and electronic brokerage, along with their unwavering commitment to fully transparent, independent, non-conflicted, pure agency execution, has positioned the firm as one of the largest electronic brokerage houses by market share.SOURCE Dash Financial