Agency broker BTIG has selected the former head of execution strategy at Millennium to take up the same role.
Effective from December 2023, Stephen Ponzio has joined BTIG as its head of execution strategy. In his new role, he will also co-head electronic trading and be responsible for the development of BTIG’s new generation algorithms.
Ponzio will be based in New York, responsible for managing the firm’s program trading and ETF market making businesses.
He joins BTIG after most recently heading up execution strategy at Millennium – a role he held for nearly 12 years. Previously in his career, he also spent eight years at Citi, building out its US trading algorithms and systematised risk pricing on its cash trading desk.
“His expertise in algorithmic trading and strategic management will strengthen our global portfolio and electronic trading team and will enable us to enhance processes and provide optimal solutions for our clients,” said Thomas Smykowski, head of systematic trading at BTIG.