Deep Bench with a High Level of Trading Expertise

Dalzell Trading has brought together many of the best traders from the buy-side and sell-side to provide our clients with a unique solution to their equity trading needs.  Our team is led by former Heads of Trading at BlackRock and Janney. Our team’s range of experience spans from the buy-side to the sell-side including traders from and coverage of small hedge funds to the largest institutional manager in the world; we are experienced in block trading, options trading, basket trading and protecting trades from predatory high frequency trading. Our traders are equipped with unique skill sets and provide our clients with custom-built trading solutions that are executed by a team of veteran traders.  Our unique approach and skillset offers clients a significantly different approach to fulfilling their equity trading needs in an ever-changing, dynamic environment.  Our traders have traded through all different phases of markets, from benign markets to severe corrections and bull markets.  Our decades of experience from both sides of the trading aisle provides a unique view on how to trade equity securities.  We are not the typical prime broker or sell-side trading desk where most of their traders may have less than five years of experience.

View Us as Your Professional Buy-Side Trading Desk

We combine current trading technology with the skillsets of our highly experienced traders to tailor trade execution solutions that are specific to each client’s needs. We have created a client-focused approach at Dalzell Trading that fosters professional and close-knit trading relationships with each client. This allows us to execute as their dedicated buy-side trading desk. We are an independent, conflict-free firm. Our clients trade with anonymity as our counterparties never know the names of our clients, they only see Dalzell Trading executing trades. Additionally, we protect our client’s orders from information leakage as we do not “shop” orders to the street and we have no prop trading – aligning the interests of Dalzell Trading with our clients’ interests.

Regulatory Advisory Services

Our team of experienced professionals can provide unique solutions to many of the regulatory challenges that professional money managers face today.  We have advised and consulted to large institutional managers and start-up managers providing best execution policy and procedure, best trading practices expertise, and compliance solutions.  Our experience providing solutions to clients in these areas gives us a unique value add for our clients.

Dalzell Trading, LLC

Outsourced Trading FAQ

• What Does Dalzell Trading do?

  Dalzell Trading provides professional equity and options trading in U.S. equity markets to our clients, Hedge Funds and Asset Managers, alleviating the need for them to hire traders or build a trading desk in-house, providing a higher level of service and trade execution quality than inexperienced sell-side desks, allowing them to focus on portfolio management, and assisting in their capacity to achieve best execution.

• How is Dalzell Trading Structured?

  Dalzell Trading is a limited-liability company that is 100% owned by David J. Dalzell.

• What is the cost of using Dalzell Trading?

  There is no expense to a firm for using Dalzell Trading to execute the firm’s equity and options trades. Dalzell Trading charges a cents per share (cps) commission to execute each firm’s trades, the same way each firm currently pays broker commissions. This allows each firm to effectively transition their cost of trading from fixed to variable (paid by their commission pool).

• How will the trades be executed and where?

  The trades will be executed using Dalzell Trading’s OMS (Liquiditybook), EMS (REDI+) and Trading Analytics Platform (Eikon). The OMS will be directly linked to each client's’ currently existing order routing system (OMS, FIX, email or text messaging) with trades flowing seamlessly from each manager to Dalzell Trading’s OMS. Dalzell Trading will execute the trades through its vast access to virtually all major trading destinations, venues, exchanges, broker dealers, and strategies.

• How will I get my trade execution details?

  Trade execution details will be fed back to Dalzell Trading’s clients on a real-time basis. When the order is completed, the total shares traded and an average price will be given to the manager, with allocations sent to our clearing firm for settlement with each client’s prime broker or custodian.

• Will I be able to trade options and bonds through Dalzell Trading?

  Equity options trades can be performed by Dalzell Trading and their trading partners. Bonds cannot be traded through Dalzell Trading.

• Who will be trading my orders?

  Your orders will be executed by professional traders employed by Dalzell Trading. These are veteran buy-side and sell-side traders with 20+ years of experience. Our traders will develop a close partnership/relationship with each manager.

• How do I sign up for your service?

  All account opening paperwork will be initiated by a Dalzell Trading professional who will walk you through the required information needed to become a trading partner of the firm. This is a painless process that includes the same type of new account paperwork that a manager would submit to any broker dealer. The entire process from beginning to end should not take more than one week.