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MCAP LLC Expands ADR & Foreign Ordinary Market Making Operation

NEW YORK, June 20, 2017 /PRNewswire/ -- MCAP LLC ("MCAP"), a technology focused market maker and liquidity provider, today announced Jim Smyth has joined as a Partner.  He will play a key development role as MCAP continues to position itself as a leading technology, execution & service driven market maker. Jim will be responsible for expanding the sales effort that will service agency broker dealer desks.  MCAP is one of the largest market makers in OTC ADR's & Foreign Ordinaries, making markets in thousands of securities.

Jim was previously Head of Retail Equity Broker Dealer business at Cantor Fitzgerald where he built the desk from scratch and managed both exchange and OTC sales trading. Prior to that Jim held senior level positions at KCG and Merrill Lynch.

 

David Menn, CEO at MCAP, commented, "Jim is one of the best known relationship managers in the space. We are excited to have Jim on board to expand the customer facing side of our ADR and Foreign Ordinary equity market making business." 

 

"Jim has earned a reputation as one of the most trusted relationship managers in our space," said Will Dennis, President & Head of Equity Trading at MCAP. "Jim is a perfect fit at MCAP and we look forward to working with him to deliver innovative trading solutions and services to US agency broker dealer desks."

"I am thrilled to be working with such an experienced group of traders.  Each member of MCAP's equity team has been making markets in international ADR's and Foreign equities for over 20 years and they have worked as a team for over 15 years.  MCAP's dedication to building trading technology that offers BD's a comprehensive trading solution, in the often complicated and challenging international trading space, is what attracted me to MCAP," added Jim Smyth.

 

Jim is one of the latest senior additions at MCAP. He follows Michael Lennon, a former Partner at GX Clarke, who joined MCAP earlier this year as Head of MBS Agency Trading.

 

About MCAP LLC

Founded in 2007, MCAP LLC is a technology focused market maker of American Depository Receipts (ADRs), foreign ordinary shares, US Treasuries, Agencies, MBS and Municipal securities. MCAP focuses on some of the more challenging sectors in the global markets, where MCAP can provide customized trading solutions and unique market access.