CRT Capital Group LLC Joins Tradeweb Platform, Expands Securitized Products, U.S. Treasuries and Credit Teams

STAMFORD, Conn.--(BUSINESS WIRE)-- CRT Capital Group LLC. (“CRT”), an institutional broker-dealer for more than 20 years, today announced that it has expanded its client offerings by joining Tradeweb’s platform as a liquidity provider for its Mortgage Pass-Thru securities (“TBA-MBS”) marketplace. CRT also announced additions to its growing team of experienced professionals.

The Tradeweb platform provides CRT’s clients with the ability to electronically process TBA-MBS trades in addition to placing telephonic orders, resulting in more timely and accurate trade execution. The addition of Tradeweb is just one example of CRT’s commitment to expanding its electronic trading capabilities. CRT’s U.S. Treasury team has also made significant strides in building the necessary back office infrastructure to support enhanced electronic trading and is now focused on the development of client-facing electronic trading capabilities, which the firm will deploy in the near future.

“By adding the Tradeweb platform and additional back office infrastructure, we are demonstrating CRT’s ability to adapt to an increasingly digital trading world. We are confident that these new facilities will bring additional depth and scale to our electronic trading offering,” said Ron Kripalani, Chief Executive Officer of CRT. “We are also excited to welcome a number of important new team members who demonstrate the high caliber of expertise that allows CRT to provide its clients with best in class execution,” he added.

In addition to broadening its electronic trading capability, CRT has continued adding to its senior team of professionals in the Securitized Products, U.S. Treasuries, and Credit Products groups. CRT currently has nine traders covering the Agency, Non-Agency, ABS, CDO/CLO, and CMBS market sectors. Most recently, CRT hired Tim Coyne, formerly with BNP, as Co-Head of the Pass-Thru trading desk. To further build out its Securitized Products group, CRT also hired Jim Stehli, formerly Head of the CDO/CLO products for UBS, to run the firm’s CDO/CLO desk, and Don Chaney, formerly of RBS, who will trade in the Non-Agency and the ABS space.

The U.S. Treasury platform at CRT has been expanded with the addition of Sean Farrell, a senior salesperson formerly with BNP who brings over 20 years of prior experience to the firm. Additionally, CRT’s Credit Product offerings have also been built out through key hires. Marc Nuccitelli joins as Head of Loan Trading, which will provide CRT with the ability to settle loan trades by acting as Principal. To further this effort, CRT has also hired Sue Austin, who previously worked at Bank of America and Chapdelaine Credit Partners as a loan closer.

Finally, three senior credit salespeople join Rob Heffes, head of Credit Products, and his team: Pat Downey, formerly at Bank of America; Sandy Volpert, formerly of Seaport Securities; and Ted Hines, who previously held similar positions at Chapdelaine Credit Partners and Merrill Lynch.

CRT continues to build a world class organization that delivers unsurpassed research and trade execution services to its clients, and seek best-in-class talent for its sales, trading, technology and support functions.

About CRT Capital Group LLC

CRT provides security brokerage and research services to nearly 1,000 institutional accounts with established counterparty relationships around the world. The firm caters to asset managers, insurance companies, pension funds, hedge funds and investment firms. CRT, formerly known as Credit Research and Trading LLC, was founded in 1989 and is headquartered in Stamford, Connecticut. For more information, please visit www.crtllc.com or contact John Pidlipchak at (203) 569-4570 or [email protected].