Fulcrum’s desk, under Mr. Esposito, will provide “a comprehensive electronic trading, smart order routing, and order management system that will integrate real-time trading with powerful analytics, offering a high degree of customization,” said Fulcrum’s chief operating officer, Harry Needleman, in a statement. “Proprietary trading models will permit order flow management of each stock within a portfolio in response to real-time conditions.”
Mr. Esposito, most recently manager of the program trading desk at SWS Securities Inc., began his career in the securities industry at J.P. Morgan. Later, he helped establish the institutional trading effort at Olde Discount Corp., before moving to SWS Securities. He is on the board of directors of the Dallas Securities Traders Association.