Delta One has outlined plans for the release of a new analytics suite in the coming months and the appointment of Alex Dannenberg to its advisory board.
Dannenberg will serve as the equity finance options brokerage technology company’s head of derivative research and financial engineering.
Harvard graduate Dannenberg has a PhD in particle physics and after a brief postdoctoral stint, he left science for Wall Street where throughout the 1990s he held a variety of interest rate derivative research and trading roles, including head of fixed income derivative research at Lehman Brothers and head of US dollar interest rate derivative trading at Paribas, now BNP Paribas.
In 2000, Dannenberg left the banking world to found Pine Mountain Capital Management and for the next 13 years managed capital for a number of large, well-known hedge funds using quantitative equity strategies of his own design and implementation.
Dynamex Trading CEO and Delta One co-founder Harris Bock says: “We are thrilled to have somebody of Alex's caliber on board. It is not common to find somebody with such high-level knowledge of mathematical finance, technology, derivative products, and practical application in our industry.”
On the launch of Delta One’s new analytics suit, managing partner and founder of Delta One Brandon Neer says: “Replacing outright long or short stock positions with option-based synthetic longs and shorts can be a powerful tool for increasing lending revenue and reducing equity finance costs, but the right to exercise early is an added complication that can cause the synthetics to differ from the outright positions in some cases.
“Our goal is to give users tools to identify those situations, evaluate their risks, and understand their upsides, downsides and the likelihoods of each.”
Delta One co-founder Jason Lefkowitz says: “A new and improved Delta One Analytics Suite will be rolled out to all users in the coming months. Noteworthy features include new data fields and real time graphics showing early exercise price thresholds and exercise probability over time and improved implied financing rates."
Delta One, founded in 2016 by Neer, Bock, and Lefkowitz, was one of the first equity options brokerage platforms to focus exclusively on the securities lending marketplace.
