Doug Aronstein Hired to Enhance Program Trading Capabilities at Piper Jaffray

  
    
  
  
    
      Piper Jaffray has hired Doug Aronstein as head of program trading to 
      enhance the firm’s trading capabilities on the 
      electronic trading team. He will be based in the New York office and 
      lead the team in continuing to provide sophisticated algorithmic trading 
      and order routing to secure the best price and market representation for 
      clients.
    
    
      With nearly 15 years of experience, Aronstein joins Piper Jaffray from 
      Bank of America where he was previously a principal in electronic 
      trading services and focused on growing the program trading business 
      with North American and European clients. Prior to Bank of America, he 
      was head of international program trading sales at Deutsche Bank where 
      he was responsible for developing and leading a group that achieved the 
      #1 Overall International Portfolio Trading Quality rating in the 
      Greenwich Associates Survey in 2003 and 2004.
    
    
      “Doug’s strong 
      experience with generating new domestic and international electronic 
      trading relationships across electronic trading platforms will 
      complement the already successful algorithmic business we have at the 
      firm,” said Jim Fehrenbach, head of equity 
      sales and trading at Piper Jaffray.
    
    
      Aronstein earned a bachelor’s degree from the 
      University of Virginia and a Master of Business Administration degree 
      from the University of Michigan.
    
    
      About Piper Jaffray
    
    
      Piper Jaffray Companies is a leading, international middle-market 
      investment bank and institutional securities firm, serving the needs of 
      middle-market corporations, private equity groups, public entities, 
      nonprofit clients and institutional investors. Founded in 1895, Piper 
      Jaffray provides a comprehensive set of products and services, including 
      equity and debt capital markets products; public finance services; 
      mergers and acquisitions advisory services; high-yield and structured 
      products; institutional equity and fixed-income sales and trading; and 
      equity and high-yield research. With headquarters in Minneapolis, Piper 
      Jaffray has 25 offices across the United States and international 
      locations in London, Hong Kong, and Shanghai. Piper Jaffray & Co. is the 
      firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com)
    
    
      Since 1895. Member SIPC and FINRA.
    
    
      © 2008 Piper Jaffray & Co., 800 Nicollet Mall, 
      Suite 800, Minneapolis, Minnesota 55402-7020