BNP Paribas has hired Dan Bystrom, director and head of exchange-traded fund options trading. Edwina Frawley, spokeswoman, confirmed the hire and said Bystrom will report to David Abner, head of ETF in the Americas, and Stephane Petermann, head of index options trading in the Americas. Before joining BNP, Bystrom was an independent trader and prior to that he spent five years at Merrill Lynch in equity derivatives, most recently as head of ETF options trading.
Todd Steinberg, head of equity and derivatives in the Americas, has been building BNP's equity derivatives businesses (DW, 1/12) since he joined the firm last year. Market buzz has also linked Alex Wohl, former co-head of single-stock volatility trading for the Americas at Goldman Sachs, with the firm, but that could not be confirmed.
