NEW YORK â February 24, 2006 â Vyapar Capital Market Partners, LLC, a client-focused inter-dealer brokerage firm that strives for excellence in a range of OTC wholesale derivative products, begins operations in New York with the intention of not only servicing existing and mainstream products but moving forward into the newer exotic and structured products demanded by clients. Vyapar plans to offer specific derivative product coverage in areas that include: Interest Rate, Credit, Energy, Foreign Exchange and Property Derivatives.
Formed by financial industry veterans Vinayek Singh, founder and CEO, Ashok Mittal, co-founder and CIO, and Gurdeep Malik, CFO and co-founder combined bring with them 55 years of industry experience. Prior to Vyapar, each co-founder served last under the following title at Tullett Liberty Inc., Vinayek Singh, senior managing director of Capital Markets; Ashok Mittal, senior technology officer; Gurdeep Malik, senior vice president.
Vinayek Singh, CEO and founder, Vyapar Capital Market Partners states: âIn todayâs market of consolidation amongst the large inter-dealer brokerage firms, there is too much focus on and competition in commoditized product areas. This has resulted in a unique opportunity for a nimble, client-focused firm like Vyapar to direct exceptional resources towards complex and developing derivative product areas that clients require. We also see this as a tremendous opportunity to deliver a higher level of quality in trade execution, market information and proprietary technology that clients donât see consistently in these product areas."
Mr. Singh continues: âVyaparâs strong partnership culture is built on a âOne Firmâ philosophy that promotes excellence and collaboration across Vyaparâs diverse OTC derivatives businesses. We feel high standards of excellence, client-focus, and our partnership culture will drive long-term growth and allow us to maintain consistent business relationships expected by our clients.â
Vyapar Capital Market Partners additional senior management and partnership team are comprised of well-known and seasoned brokers, industry veterans and support staff with successful backgrounds in the brokering, trading and operations of OTC Derivatives. Vyaparâs experienced team of brokers creates a unique value proposition as they bring together product knowledge coupled with strong relationships built over the years with derivative traders globally to assist in the continued growth of the OTC wholesale derivative products.