NY-Based Broker Dinosaur Launches FX Trading Service

The newly formed foreign exchange team at Dinosaur will provide anonymous, fast, and accurate execution for its customers, with the option of electronic or voice trading.

Dinosaur Financial Group (Dinosaur), a New York-based challenger broker-dealer and a subsidiary of Dinosaur Group Holdings, has launched a new Global Foreign Exchange (FX) Trading Service.

The new FX retail broker, which comprises a team of industry veterans with over 30 years of international experience, will offer trading services spot, forwards, swaps, NDFs, options and deliverables. “We give you the option of using our advanced electronic trading systems, or voice trading, if you prefer. Both come with complete anonymity, extensive back office and settlement services and full compliance”, the FX broker states.

Glenn Grossman, Founder and Chairman of Dinosaur, commented:

“We are pleased to announce our new FX service. With tier-1 banks increasingly ‘de-risking’, we find ourselves at an evolutionary point for Dinosaur and our clients are looking to us to provide a wider range of services. In launching the combination of voice and screen FX trading our experienced FX team will provide ease of access and liquidity using its wide-ranging knowledge and expertise internationally. At Dinosaur we pride ourselves on the quality of our service and communication between traders and clients.”

Grossman, who is a former Director and Chief Financial Officer of Tullett & Riley, has over 30 years experience in Wall Street, including nearly two decades at Tullett and its successors, as well as Cantor Fitzgerald in 1991 as a Senior Managing Director and an Executive Vice President. Grossman formed Dinosaur Securities in 2001.

Dinosaur will include its FX trading offering to its wide range of financial services which include asset management, investment banking and sales. The company employs 150 people in four countries.

Thomas Soumbeniotis, Managing Director of FX at Dinosaur, added:

“It’s great to be able to offer a new, competitive service to our clients. As with everything we do, looking after our clients is absolutely critical, and I’m looking forward to working with both new and existing clients and delivering the Dinosaur difference.”

Dinosaur has offices in the United States, United Kingdom, Italy, Spain, Latin America and Africa. Specialized in emerging markets, with an emphasis on Latin American Currencies, the broker’s international team offers a competitive, efficient and tailored execution service.