Mark Macchia Email & Phone Number

Covered firm's odd-lot UST and Agency shorts from SEC lenders and off brokertec screensRolled overnight and term tri-party and DVP trades with money funds and SEC lendersUsed front-end trading systems to book trade tickets, perform re-pricings and daily re-rating of open trade ticketsCoordinated opening of new accounts with legal and credit teamsDeveloped and maintained relationships with counterparties to expand the firm's Repo DeskCollaborated with internal teams, including Sales, Operations, and Risk Management to optimize trading strategies and ensure smooth trade execution

Assisted senior mortgage traders in creation, hedging, marketing, and sales of ARMs, PAC2s, LIBOR Floaters, Inverses and TTIBsBid for ARMSs and various CMO structures from brokers, salesmen and other dealersManaged firm's ARM and CMO inventory positions

Calculated sales commissions on trade ticketsConverted yields to dollar prices using Monroe Trader Bond Calculator and BloombergWorked with Fixed Income Traders to manage inventory

Brokered SEC lender to dealer as well as dealer to dealer tradesLocated available bills and specific agencies for borrow from securities lendersAccepted orders from dealers and monitored special issuesPriced current notes, bonds, bills and Benchmark FNMAS on daily basisEstablished levels for open trades between dealers and securities lendersVerified trades for accuracy of commissions, on/off dates and contact informationKept track of settlement dates of new government issues