Makor Group Expands Derivatives Desk in Europe 

Makor Group, an international agency brokerage group trading cash equities, fixed income, FX and derivative products, announced today the expansion of its European derivatives trading desk with the addition of two new senior hires to the team.

Pierre-Olivier Burte and Gregory Salon will be joining Makor's offices in Paris as co-global heads of exotic products focused on developing the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term desk and establishing an advisory and research platform, solidifying the firm's ongoing growth in these times of global crisis.

"Despite the present crisis and challenging market outlook, Makor is excited to continue our growth as we tackle new opportunities with the expansion of our Equity Derivatives desk," said Makor Group founder Michael Halimi. "I am very pleased to welcome Pierre-Olivier [Burte] and Gregory [Salon] to the Makor family and I am certain they will make a positive addition to our team."

Burte joins from Camelia Tech, a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term company he co-founded specialized in the qualitative and quantitative evaluation of SMEs. Prior to pursuing this venture in 2015, Burte built a track record in exotics trading at Credit Agricole Corporate and Investment Bank.

Burte’s career began at Calyon's Global Equity Derivatives desk, where he focused on exotics trading. He then continued to grow his expertise in exotics product trading, rising to a senior management role within CA-CIB's Global Equity Derivatives, where his responsibilities included the development and management of the trading desk, as well as the training of junior traders.

Salon brings with him substantial expertise in exotics trading with a stellar record from Société Générale. He began his career as a corporate equity derivatives trader in Calyon in 2001 after which he specialized as an exotic index trader in 2005.

Salon subsequently joined Société Générale as deputy head of exotic trading in New York in 2006. After returning to Paris as head of exotic trading indices in Europe for the firm, Salon continued to grow until becoming the co-head of equity derivatives trading for Europe at SocGen in 2015. He worked in trading/quant activities since mid-2017 prior to joining Makor, servicing clients including Naxitis CIB and BNP Paribas.

Makor said in its statement that the extensive expertise brought forth by Burte and Salon as they now join the firm has cemented Makor’s forward-looking enthusiasm for its and its team's growth during this ongoing crisis, as the company continues to evolve, to invest, and to grow.

Makor Group

Makor Group is an FCA-regulated international brokerage firm established in March 2011 by Michael Halimi and Avi Bouhadana. Its core business consists of providing institutional investors bespoke financial securities research and execution across a spectrum of products including cash equities, fixed income securities, derivatives and FX.