Tourmaline Partners has appointed David Toy and Chris Arkin as senior traders, further enhancing its capabilities in the Australia-Pacific (APAC) region and in the derivatives trading space.
Operating under an outsourced trading solutions model, the firm has seen growing demand for its trading, operations, and commission management expertise.
David Toy has nearly two decades in senior trading roles with Tier 1 hedge funds and asset managers specifically focused on trading Asian securities. He will be based in Australia.
Toy joins Tourmaline Partners from TIAA Investments, where he was most recently Director of Trading, Asian Equities for four years. Prior to that, he spent ten years at Moore Capital with the majority of that time as Head of Asian Trading. A prior senior role at Moore Capital had David Toy trading European and US equities for Amaranth Advisors.
Chris Arkin will join Tourmaline’s headquarters in Stamford, Connecticut. The derivatives trading specialist comes to Tourmaline with more than 20 years of experience, most recently as the head trader at Antipodean Advisors. He has co-founded an outsourced trading boutique Clearview Global Trading.
He began his career as a trader in the S&P 500 (SPX) index options pit at the Chicago Board Options Exchange (CBOE) and has, since then, made a number of moves including senior equities derivatives trading positions at Susquehanna International Group and long-short fund North Sound Capital.
Henry Higdon, Tourmaline’s Head of Global Equity Trading, said: “David and Chris come to Tourmaline with the deep buy-side trading experience that unequivocally sets our team apart from our competition.
“David’s knowledge of Asian markets, program and electronic trading as well as blocks/ECM, is exceptional, and Chris’s experience in derivatives trading makes him an invaluable asset to one of the fastest growing parts of our business. We couldn’t be more excited to have David and Chris onboard and helping our clients in a challenging region and a complex asset class.”
“The role of the trader becomes more complex and challenging each year, and the Asian region is no exception. But the Tourmaline platform and our people’s experience are making a real difference for asset managers. I’m excited to be a part of a team that provides trading expertise and significant liquidity to help investors of all sizes navigate an incredibly challenging landscape”. said David Toy.
“The buy side is embracing outsourced trading expertise, both in equities and derivatives. With both equities and options, Tourmaline’s unique infrastructure, scale and reach provide the ideal platform for experienced traders to excel at their jobs, all to the benefit of our clients and their managed accounts”, said Chris Arkin.
Tourmaline has recently hired Yuki Shimada, previously Head of Asian Trading for CBRE Clarion, and Joe Hodgkins, formerly Head of Trading at Janus in the Asian region, both of them for APAC roles.
Tournaline is catering its tailor-made, outsourced trading solutions and best-execution expertise to over 350 institutional investment clients ranging from emerging hedge funds to trillion-dollar asset managers.