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The Provider of ALIGNED Buy-Side Trading Desks

ALIGNED | Former Heads of Trading | Highly Experienced | Multiple Trading Desks | Focus on Best Execution

Well beyond "outsourced" -- We are ALIGNED with YOUR strategy and best interests. We focus on Best Execution, with no typical sell-side conflicts of interest.

Dalzell Trading knows that every basis point of performance matters. Whether augmenting your current trading desk, or fully outsourcing the desk, our aim is to improve your performance & reduce your expenses.

We are former Heads of Trading from BlackRock, Janney, Goldman, Wells, Wainright, Schneider Capital, Oppenheimer, & Bear Stearns.

We have experienced virtually all trading environments including Black Monday, the dot-com crash, financial crisis, protecting from HFT, & the present environment.

YOUR Dalzell Trading team will have no junior traders.


All three of our trading desks (Boston, Philadelphia, & State College, PA) have remained 100% operational throughout COVID-19 with the capacity to on-board new managers immediately.

Acting as your buy-side desk, we customize our relationship to suit YOUR investment process. Take advantage of our flexible approach to expand your reach, gain access to our team of traders, a larger broker network, proprietary trading strategies, TCA, & CSA all provided at our expense.

ALIGNED Buy-Side Trading Desks

for Hedge Funds and Asset Managers

Our founder, Dave Dalzell, is a former Head of Trading at BlackRock where each trader's focus was on best execution and the needs of the portfolio managers. Dalzell Trading's desk has been built with that same ethos, where the fundamental focus is on best execution and satisfying the unique needs of each manager. We created Dalzell Trading to provide all managers with access to a premier buy-side trading desk (independent and conflict-free) at no fixed cost to their firm. We have ALIGNED our interests with those of every Manager we work with. We tailor our trading and services to each manager, work closely with their team, and act as their dedicated buy-side trading desk while eliminating or reducing the fixed expense of in-house traders.


Dalzell Trading is your ALIGNED Buy-Side Trading Desk

We develop an understanding of each manager's needs in order to ALIGN our interests with yours -- We act as YOUR own trading desk while eliminating the fixed expenses of in-house traders.


Our sole focus is on Best Execution

We understand that every basis point of performance matters.
*3rd-party TCA ranks our execution quality in the 85th percentile (Top 15%) of broker dealers and investment managers.


You receive personal trading coverage From a TEAM of traders

We provide everything a portfolio manager wants without the fixed expense of hiring additional traders or building an in-house trading desk. Each member of our team has over 20 years of experience and includes former Heads of Trading from BlackRock, Janney, Goldman Sachs, Wells Fargo, Wainright, Schneider Capital, Oppenheimer Funds, Bear Stearns, and Rochdale.


Each Manager is Unique

We tailor our execution strategy to suit your investment process. Take advantage of our flexible approach to expand your reach, gain access to our team of traders, a larger broker network, proprietary trading strategies, TCA, & CSA all provided at our expense.


We offer full outsourced trading, supplemental trading for your existing desk, and DR/BCP solutions

Augment your existing trading or fully outsource to Dalzell Trading to reduce or eliminate fixed trading expenses. We also provide valuable DR/BCP solutions on a retainer basis.


Retain control of your order flow

As an independent, conflict-free firm we are in the unique position of executing every trade with your best interests in mind. We have no prop trading, do not "shop" orders to the street, and you may also direct trades to brokers for attribution. Our interests are ALIGNED with each manager.

The Team

Dave Dalzell, CFA

Principal, Founder & CEO

Mr. Dalzell was Managing Director and Associate Head of Equity Trading Americas at BlackRock. He was also Head Trader of the Boston equity trading desk at BlackRock. He supervised the trading desks at BlackRock while actively executing large and illiquid trades on a daily basis. Dave has spent his career solving complex trading issues for investment managers, hedge funds, and portfolio managers. Dalzell Trading was founded...

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Trey Bauer

Principal

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Mr. Bauer has spent his career as a professional securities trader and co-founder of financial services companies. The bulk of his sell-side trading experience was acquired as a Managing Director at Bear Stearns, H.C. Wainright, and Rochdale where he was responsible for trading equity products on behalf of large Institutional money managers and hedge funds. Prior to joining Dalzell Trading...

Nick Lampone

Principal & Director of Trading

Mr. Lampone has spent his career as a professional securities trader and supervisor of sell-side trading desks. From 2002-2017 he worked at Janney Montgomery Scott as a Managing Director and Head of Sales Trading and Trading. He supervised both the Institutional and Retail trading desks at Janney, in addition to the Equity Operations Group, while actively executing trades for clients on a daily basis. Prior to Janney...

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Jerry Olivetti

Marketing & Client Service

Mr. Olivetti has spent his career assisting his clients with their wealth management needs as both a registered investment advisor and private client manager. He began his career at Smith Barney in San Francisco, then worked in the private client groups of A.G. Edwards and Deutsche Bank Alex Brown in Boston, MA. In 2002, Mr. Olivetti founded his own firm, Olivetti Capital Management...

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Our Team

Media Center

Recent Articles & News

Buy-Side Traders & Managers Can Both Win When Outsourcing

Buy-Side Traders have the opportunity to be proactive. Many traders are being asked by their bosses to examine outsourcing their job function to an outsourced trading firm as investment managers and hedge funds rein in costs, grapple with increased regulation, and react to the move to passive management. While this may seem counterintuitive to some traders, it makes sense for all parties involved when you take a deeper dive into the reasons and solutions.

Click Here for More Information
Dalzell Trading Expands Their Outsourced Trading Solution

Dalzell Trading, an equity and options ALIGNED Buy-Side Outsourced Trading desk, announced the opening of their new office in State College, PA. This is the third office for Dalzell Trading; their other offices are in Boston and Philadelphia.

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Dalzell Trading & FLX Distribution Form Partnership

Dalzell Trading is thrilled to announce our partnership with FLX Distribution where we are the ALIGNED Buy-Side Trading Desk assisting FLX Distribution members with their trading needs at no expense to their firms.

Click Here to See Announcement
IEX Boxes & Lines -- When The Buyside Outsources

David Dalzell, CEO and Founder of Dalzell Trading, Lance Meyerowich, Chief Revenue Officer of Dalzell Trading, and Brian Moran, CEO and Founder of FLX Distribution, join Ronan and JR to talk about the reasons buyside firms consider outsourcing aspects of their trading and distribution functions, how COVID is forcing everyone to try an “outsourced” model, and the keys to successful partnership.

Listen to Podcast
Dalzell Trading Hires Former Goldman Sachs Executive

We are thrilled to announce that Lance Meyerowich has joined Dalzell Trading as Chief Revenue Officer. Lance's experience as the "Head" of various groups at Goldman Sachs and Wells Fargo, along with his extensive industry contacts will be of great value to our clients.

Click Here to See Announcement
Outsourced Trading & COVID-19

In our opinion, COVID-19 has fundamentally altered the way buy-side firms view outsourced trading. Take a look at the following two-pager from Dalzell Trading.

Click Here to See Article

Leading Technology

Current Technology Solutions and Seamless Integration for our Clients

Dalzell Trading strives to utilize best in class technology.  We have chosen technology solutions that have the flexibility to work efficiently and seamlessly with each of our clients’ systems. Our technology infrastructure includes LiquidityBook's Outsourced Trading OMS, Eikon Market Analytics and Redi+ EMS, Westminster CSA Aggregation, Instinet Plazma Commission Management, and InfoHedge Technologies IT Support.

Dalzell Mission Statement

WE ARE a company that was founded to solve our clients' complex trading issues
and provide unique solutions for each client.
We will strive every day to be a team of winners working on behalf of our clients.
Our company will be ethical, trustworthy and treat everyone with respect.
Our commitment to excellence every day in every aspect of our business
drives us to perform at the highest level for the clients of DALZELL TRADING.

News & Press

  • Stay tuned for News & Press about Dalzell Trading
Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.


Check the background of this firm on FINRA's Brokercheck


Dalzell Trading Privacy Policy (link)


Dalzell Trading 4370(e) BCP (link)


Dalzell Trading 606 Report on Routing of Customer Orders (link)


Terms and Conditions of Use - Website Policy (link)


*3rd-party TCA report available upon request to prospective and current institutional clients.

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