|DECEMBER 1, 2009|
|Knight Appoints Daniel G. Braun As Managing Director, Head Of Carbon Trading|
Mr. Braun has more than ten years of experience covering energy trading, structuring and portfolio management, plus an additional seven years of experience in equity derivatives market making. Prior to joining Knight, Dan served as an advisor on carbon credit development and trading issues. Previously, he spent close to four years as a Portfolio Manager and Director of Global Environmental Finance at Stark Investments.
"Carbon is fast emerging as a tradable commodity. The global carbon markets, however, are still maturing," said
Knight is the leading source of off-exchange liquidity in U.S. equities and largest electronic market maker. The firm engages in market-making and trading in more than 19,000 U.S. equities on behalf of buy- and sell-side clients. Knight also provides execution services in global equities and fixed income, foreign exchange, futures and options.
"Applying Knight's specialized trading capabilities to the global carbon markets, I believe, will lead to better price discovery, reduced spreads and improved overall efficiency for all participants," said Mr. Braun.
Mr. Braun is based in the
Managing Director, Head of Carbon Trading
Knight Quantitative Trading
Prior to joining Knight, Mr. Braun served as an advisor on carbon credit development and trading issues. Previously, Dan spent close to four years as a Portfolio Manager and Director of Global Environmental Finance at Stark Investments. He worked as a Senior Energy Trader at
Dan received a bachelor of science in economics from the
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