Swaps Trading Platform Javelin Taps Two Executives

By Katy Burne


NEW YORK (Dow Jones)--Javelin Capital Markets, an electronic fixed-income derivatives trading platform, has hired a pair of senior executives as it prepares to expand and take advantage of new regulations being crafted for the over-the-counter swaps market in the U.S.

Mike Hisler, most recently a managing director and founder at investment banking boutique Hexagon Securities and former managing director of institutional credit sales at UBS, joined several weeks ago; while Chris Koppenheffer, who most recently covered U.S. dollar interest-rate derivatives sales and trading at Mizuho Capital Markets, joined Tuesday.

Hisler was separately a co-founder of swaps trade body, the Swaps and Derivatives Market Association, as is Javelin's CEO, James Cawley.

"As the derivatives markets embrace change, having these product specialists...is a great advantage," said Cawley of the hires, in an e-mailed statement.

Javelin, which was formed last year, is a trading platform for credit derivatives and interest-rate swaps--one that expects to register as a swap execution facility as defined by the Dodd-Frank financial overhaul law passed last summer.