Oppenheimer & Co. announce that its institutional equity derivatives group has added three experienced senior professionals to expand the capabilities of its options desk.
Ralph Ercole, Randall (Randy) Hughes and Scott Fullman will report to Jay Huber, managing director – institutional trading in equity capital markets and work out of Oppenheimer’s new global headquarters in New York.
Ercole has 30 years experience and joins Oppenheimer from Vicis Capital Management, where he played a central role in formulating that firm’s global volatility strategies. Prior to his time on the buy-side, he spent many years as a senior derivatives specialist at companies including O’Connor & Associates, Bear Stearns, Lehman Brothers and Knight Financial.
Hughes, who has 28 years of experience, joins Oppenheimer after helping to build the derivatives business at WJB Capital Group. Previously, he worked for Jeffries where, as producing manager, he was responsible for recruiting a derivatives sales team. He has also worked at UBS and Salomon Smith Barney.
Fullman is both an options trader with 33 years of experience. He will be providing valuable insight, ideas and commentary on the options market to institutional client universe. He is a well-regarded commentator who has appeared on CNBC and Bloomberg TV, written for influential publications such as The Wall Street Journal, and Barron’s and published two books on options strategies. He began his trading career at Shearson American Express and subsequently worked at Cowen and Company, Swiss American Securities and Hapoalim Securities. -PR Newswire