David Durst Email and Phone Number
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I started my career on the floor of the NYMEX trading oil and gas futures and options as a member and floor broker. Then I moved to the banking side, trading FX options first for Credit Lyonnais in NY, and then Bear Stearns. At Bear Stearns I branched out into the equities area partnering with our equities syndicate team to launch and manage the risk of long-dated Japanese Yen Put Warrants, which were listed on the American Stock exchange. I subsequently moved to Sydney to manage the FX options books for Commonwealth Bank of Australia, where I successfully navigated an extremely risk laden portfolio during the Asian Financial Crisis of 1998. My move to London was the beginning of my career in FX & FI sales, where I successfully built up the client base for Commonwealth Bank in London. On my retrun to NY, my former colleagues at Bear Stearns asked me to return. At Bear, I built out FX Options hedge fund sales group. When Bear Stearns collapsed, I moved with the entire FX sales force to Natixis. There I was able to develop a robust and highly profitable FX & Fixed Income derivatives sales group. Finra Registered Series 7 and 63.
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Executive Director, Fx OptionsNatixis Cib AmericasNew York, Ny, Us -
Executive Director, Fx OptionsNatixis Cib Americas Feb 2023 - PresentNew York, United States -
Self EmployedFreelance Jul 2022 - Feb 2023
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Managing DirectorEd&F Man Capital Markets Sep 2020 - Jul 2022New York, United States -
Managing DirectorCantor Fitzgerald Dec 2019 - Sep 2020New York -
Executive Director, Fx & Fixed Income Sales And TradingNatixis 2008 - 2019Greater New York City Area• Established the institutional sales group focused on FX options trading with hedge funds and institutional clients• Introduced over 10 hedge fund and institutional clients to the bank and grew the FX options business from average monthly volume of $250m to over $2.5bil at peak• Managed the ongoing FX options sales effort: idea generation, client solutions, and risk mitigation for the bank through the aggressive marketing of axes from the global risk books• Led the build out and implementation of the FX E-trading platforms for spot, NDFs, and derivatives• Participated in the risk management of options books with the options traders• Acknowledged leader of the group's macro and political analysis team with expertise in identification of vol curve relative value opportunities -
Managing DirectorBear Stearns Aug 2005 - Jul 2008• Marketed FX derivatives to hedge funds, CTAs, and real money clients, specifically focused on developing macro trading ideas and strategies• Worked closely with FX and fixed income trading teams to create specialized solutions for individual clients• Developed the NDF sales effort in conjunction with Latam team
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Managing DirectorCommonwealth Bank Of Australia 2002 - 2005London, United Kingdom• Led sales effort to develop the institutional sales desk in London• Expanded client business in AUD dollar and cross business to real money clients, hedge funds, and regional banks throughout Europe -
Manager, Fx Options TradingCommonwealth Bank Of Australia 1998 - 2000Sydney, Australia• Managed the USDJPY, AUDJPY, and EURUSD options books during the Asian Financial Crisis of 1998• Created the strategy to cover massive risk left on the bank's books from the previous trading team who had sold yards of low delta options not marked to market with skew
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Managing Director, Fx Options & TradingBear Stearns & Co. 1993 - 1998Greater New York City Area• Managed the vanilla FX options books as chief NY options dealer• Developed, launched, and managed the risk of the “Bear Stearns JPY Currency Warrants” for retail investors (listed on the American Stock Exchange in 1995 under the symbol ‘BYO’) -
Vice President, Fx Options Trading & SalesCredit Lyonnais 1990 - 1993Greater New York City Area• Managed risk in USDJPY and USDCHF FX options portfolios• Established FX options sales desk training program for existing FX sales staff
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Clerk -1984-1986, Member- 1986-1990The New York Mercantile Exchange 1984 - 1990Greater New York City Area• Traded Crude, Gasoline, and Heating Oil futures and options as a member, executing orders for REFCO, Shearson and other floor brokers
David Durst Skills
David Durst Education Details
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B.A. Political Science
Frequently Asked Questions about David Durst
What company does David Durst work for?
David Durst works for Natixis Cib Americas
What is David Durst's role at the current company?
David Durst's current role is Executive Director, FX Options.
What is David Durst's email address?
David Durst's email address is dd****@****tal.com
What schools did David Durst attend?
David Durst attended Suny Stony Brook.
What skills is David Durst known for?
David Durst has skills like Capital Markets, Derivatives, Foreign Exchange Options, Marketing, Trading, Risk Management, Foreign Exchange Trading, Client Relations, Currency.
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