02/22/11 - PR Newswire - By Javelin Capital Markets, LLC

Javelin Swap Execution Facility Names Hisler and Koppenheffer as CDS and IRS Heads

NEW YORK, Feb. 22, 2011 /PRNewswire/ -- Javelin Capital Markets, an electronic trading venue that plans to register as a swap execution facility ("SEF") for credit derivatives and interest rate swaps, today announced Mike Hisler and Chris Koppenheffer as its CDS and IRS Heads respectively.

Mr. Hisler, most recently launched Hexagon, a boutique investment bank. Previously, he worked at UBS for 10 years, where he was a Managing Director of Institutional Credit Sales. Mr. Hisler focused on management and sales of corporate credit and structured products to hedge funds & insurance companies. Prior to that, he worked in fixed income sales at Chase (JP Morgan).  Mr. Hisler began his career at Salomon Brothers.

Mr. Hisler is co founder of the Swaps & Derivatives Market Association (www.thesdma.org), an industry trade group with multiple derivative dealer and clearing firm members that support open access to the OTC derivatives markets.

Mr. Koppenheffer most recently worked at Mizuho Capital Markets where he was responsible for all U.S. dollar interest rate derivatives sales and trading.  Prior to Mizuho, Mr. Koppenheffer was a Senior Managing Director at Bear Stearns where he traded interest rate swaps for several years.

Mr. Koppenheffer, a graduate of Cornell University, began his career in interest rate derivatives at Chemical Bank and later joined NatWest where he spent over ten years building its interest rate derivatives trading effort.  NatWest later integrated with Greenwich Capital Markets, which is now Royal Bank of Scotland.

"Chris and Mike are key hires for Javelin.  They both bring a wealth of product knowledge and execution experience from the OTC derivative markets.  As the derivative's markets embrace change, having these product specialists lead Javelin's CDS and IRS vertical deployments is a great advantage. We are excited to work with them," said James Cawley, CEO of Javelin Capital Markets.

Formed in 2010, Javelin Capital Markets, LLC is an electronic institutional trading venue that is committed to open, transparent and liquid execution of cleared interest rate and credit default swaps. Javelin executed its first fully cleared IRS trade through IDCG on a pilot basis in 2010. Javelin expects to register as a SEF or Swap Execution Facility as recently defined by the Dodd-Frank Act of 2010.

For more information please contact Rebecca Weiner at (646) 588-2018 or [email protected].