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When the firm began in 1994, it was primarily a market-making entity. The firm provided
liquidity to the marketplace by making bid and ask prices for securities. Our traders
were, for the most part, on the exchange floors. As exchanges converted fully or
partially to electronic market making, Wolverine similarly shifted resources to
electronic trading. Over time, Wolverine launched additional entities: an asset
management firm that operates a hedge fund; an order execution firm that fills trading
orders for customers; and a technology solutions firm that provides trading software,
networks, and market data to financial institutions. Wolverine specializes in derivatives,
which are financial instruments (such as options and futures) whose values are derived,
in part, from the prices of other instruments.
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