#USA #Chicago #Old Mission Capital #Eugene Davidovich #single-dealer platform

Old Mission Capital Expands with New Trading Platform

Old Mission Capital, a prominent player in the global market-making sector for exchange-traded funds (ETFs), has recently confirmed the appointment of Eugene Davidovich to lead the development of its inaugural single-dealer trading platform. With a launch anticipated by late 2025, this strategic move is set to revolutionize how institutional clients interact with the firm's unique liquidity offerings.

Experienced Leadership

Davidovich joins Old Mission as the Head of Sales for Electronic Execution, bringing over two decades of extensive experience in multi-asset electronic trading. His impressive career includes senior roles at notable financial institutions such as MEMX, Bats Global Markets, Citigroup, and CBOE Global Markets, where he last served as the head of sales and account coverage for U.S. equities. His hiring demonstrates Old Mission's commitment to evolving market structures and enhancing client interactions.

Patrick Nichols, Managing Partner and Head of Old Mission's New York Office, emphasized the need for more accessible, transparent, and efficient liquidity as market conditions continue to shift. Davidovich's expertise is expected to play a pivotal role in actualizing this vision through the new trading platform.

Enhancing Client Interactions

The introduction of the single-dealer platform is intended to complement Old Mission's established market-making capabilities, which already rank among the most active in the ETF space. Currently, the firm engages in trading across thousands of products on various exchanges and off-exchange venues, maintaining solid bilateral relationships in asset classes that span ETFs, bonds, and options.

Davidovich pointed out that the new platform will not only streamline the process for existing clients but also enhance control and transparency. By creating a direct channel for accessing Old Mission's unique liquidity, institutional clients will benefit from a more seamless trading experience without the complications of external venues.

Customizable Liquidity Solutions

Old Mission aims to provide tailored trading solutions via the single-dealer platform, allowing for both disclosed and undisclosed interactions based on individual client preferences. The platform's capabilities will empower the firm to manage quote distribution and visibility more effectively, resulting in improved market depth, narrower spreads, and superior execution quality for those granted access.

Davidovich stated that this innovation will allow the company to control critical aspects of their liquidity interactions, providing clients with access to deeper market resources and minimizing common risks associated with more exposed trading environments.

Building on a Legacy of Success

Over the past decade, Old Mission Capital has worked diligently to establish itself as a premier market maker in the ETF sector. The forthcoming launch of the single-dealer platform marks a significant milestone in the firm's journey, enhancing client relationships and solidifying its standing as a trusted counterparty in increasingly electronic markets.

Nichols further explained that the meticulous groundwork laid in their existing operations has prepared the firm to extend its precision and performance into this new initiative. The addition of Eugene Davidovich to the team underlines Old Mission's strategic commitment to innovation while ensuring that the new platform development aligns with both the firm’s vision and execution standards.

Conclusion

Old Mission Capital's strategic hiring of Eugene Davidovich is a clear indication of its ambition to lead in the evolving landscape of market making. The new single-dealer platform promises more streamlined, transparent, and efficient access to unique liquidity for institutional clients, enhancing their trading experiences. As the firm prepares for this launch, it is set to redefine the standards of trading within the ETF market and strengthen its role as an exceptional market maker.

For more information about Old Mission Capital and its offerings, visit www.oldmissioncapital.com.