The Provider of ALIGNED Buy-side Trading Desks
Trading Desks in Philadelphia, State College, and Boston
Main: (617) 340-5313ALIGNED@DalzellTrading.com
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 in 2010 when Dave began providing trade execution services and trading desk management consulting and advisory for the buy-side and sell-side. His clients have included some of the largest investment managers in the world, hedge funds, and broker dealers. He has worked on the equity trading desks of various investment managers and hedge funds including BlackRock, Trinity Investment Management (Oppenheimer Funds Institutional), First Chicago Trading Consultants, and Disciplined Alpha.
Mr. Dalzell graduated from The Pennsylvania State University with an MBA in Finance in 1993. He received a Bachelor of Arts in Business Administration from Augustana College in 1987. In addition to becoming a CFA Charterholder in 1999, Mr. Dalzell holds the Series 24, Series 4, Series 7, Series 57/TP, Series 63, Series 65, and Series 99 registrations.
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, hedge funds and
mutual fund companies as well as new business development.
Prior to joining Dalzell Trading in 2018, he co-founded Grand Cul-de-Sac Fund L.P, a real estate investment company specializing in buying, renting and selling residential properties for accredited investors. His responsibilities varied from company formation and build-out, to asset raising, marketing and project management. During this time, he also worked as a consultant with privately held companies in sales, marketing and strategic direction and he is a licensed Pennsylvania real estate agent.
Mr. Bauer graduated from The Pennsylvania State University in 1987 with a Bachelor of Arts in Speech Communication. He attended the Frank P. Smeal School of Business becoming the first football player at Penn State to attend business school while simultaneously playing. He was voted Captain of the 1987 team and was a three year starter and 1986 National Championship team member. He was also voted to play in the Senior Bowl after the 1987 season and was voted Captain of that team. Mr. Bauer currently holds the Series 7 and Series 24 registrations.
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 the trading desk at Janney while actively executing
trades for clients on a daily basis. Prior to Janney, Nick worked at Knight
Trading Group as an Equity Sales Trader where he covered a comprehensive list
of major buy-side institutions across the U.S.
Mr. Lampone graduated from West Chester University in 1994 with a Bachelor of Arts in Speech Communication. While attending West Chester, he was President of Sigma Phi Epsilon fraternity. Mr. Lampone holds the Series 24, Series 7, Series 57/TP, Series 6, and Series 63, and Series 99 registrations.
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, CA. In 1997, he moved to Wellesley, MA and
worked in the private client group for A.G. Edwards and then Deutsche Bank Alex
Brown in Boston, MA.
In 2002, Mr. Olivetti registered with the Commonwealth of Massachusetts as an independent investment advisor and founded his own firm, Olivetti Capital Management. Strong personal relationships, innovative investment strategies and successful risk management were the founding principles of OCM. Mr. Olivetti brings over 25 years of financial services expertise to Dalzell Trading.
Mr. Olivetti holds the FINRA Series 7, Series 63 and Series 65 licenses. He attended Holderness School ’85 and Connecticut College ’89 and has a Bachelor of Arts in Art History. He lives in Wellesley, MA with his wife and two children.
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, Goldman, Wells Fargo, 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.
Specializing in Options and Equity trading, our three trading desks (Philadelphia, State College, & Boston) currently have the capacity to on-board Funds and Managers.
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.
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, 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.
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...
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...
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...
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...
Dalzell Trading announced this morning that it has entered into a joint marketing and research payment agreement with Unicus Research. Unicus Research is a leading investment research firm dedicated to providing asset managers proprietary and custom research strategies. Dalzell Trading is an outsourced equity and options trading firm that will facilitate the efficient payment for research strategies from Unicus Research.Click Here for More Information
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, 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.Click Here for More Information
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
Dalzell Trading strives to utilize best in class technology and provide value-added partnerships with firms aiming to help our clients grow. We have chosen technology solutions and partners 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. Partnerships include firms assisting with asset gathering, distribution, media, and independent research.
WE ARE a company that was founded to solve complex trading issues & provide
unique solutions that are ALIGNED with the interests and needs of each client --
We unlock & deliver solutions
that Wall Street had previously reserved for only their largest clients.
We strive every day to be a team of winners working on behalf of each client.
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.
Check the background of this firm on FINRA's Brokercheck
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.