Michael Ehrhart Email & Phone Number

New York, Ny, Us

(Acquired Rafferty Capital Markets in 2011) • Evaluate opportunities and recommend strategic initiatives for existing lines of business and new markets to increase revenue and profitability.• Manage revenues and expenses, including travel and entertainment, to meet budget.• Coordinate with marketing, operations, technology, and clients to build a broader market presence and help improve existing platforms' effectiveness.• Spearhead all team training and professional development, including mentoring new/junior employees on all business dimensions, including systems, client communications, and market sense.• Allowed traders more time to increase revenue and customer retention through forming and applying actionable analytics by successfully transitioning the entire voice-brokering process to the firm's electronic platform for treasury securities.• Supply clients with daily market color, trade data, market quotes, trend analysis, and notable opportunities for US Treasuries and pass-through mortgage-backed securities to drive transactions. Back up other brokers.• Built a substantial book of 15+ mortgage and treasury clients, including the industry's top two mortgage accounts. Responsible for approximately 35% of mortgage revenue generated on the desk.

Paris, Fr

• Delivered competitive markets for the long end of the US Treasury curve. Identified and mitigated the risk of daily transactions and existing portfolio positions through hedging.• Enhanced market performance, trade execution, and client relations through opportunistic, progressive trading strategies and client servicing techniques.• Applied market sense supported by internal models to daily trading action. Leveraged economic data, internal strategy pieces, and regular desk discussions.• Supported salespeople by disseminating daily market color and trade ideas at morning meetings. Spoke with customers and joined salespeople in client meetings and entertainment.• Ensured an effective "follow-the-sun" (NY/Tokyo/London) information flow model, sharing critical updates and perspectives with all global members of the US Treasury Desk and clients.• Provided trading coverage for London and Tokyo remotely and on-site.• Trained and mentored junior traders and interns.

New York, Ny, Us

• Provided daily market-making and trading of longer-dated US Treasuries. Monitored/managed risk and applied multiple trading strategies to drive revenue.• Consistent top performer (#3 of 20 traders) on Tradeweb for trading/execution in long-end Treasuries.• Expedited trade execution, increasing related trade volume and market share by ~20% and improving the hit ratio on Tradeweb's platform by 25+%.• Maintained frequent interaction with client base and salesforce to keep them abreast of market conditions/flow, direction sentiment, and trade opportunities along the yield curve.• Supported the salesforce, fostering trust and strong client relationships.• Stepped in for overseas traders as needed and supported hedging/deal pricing for other internal fixed income trading desks.• Trained junior traders and analysts as they rotated through the firm's sales and trading program.

New York, New York, Us

• Covered the entire US Treasury curve, vanilla US agency, and Canadian bonds in Tokyo. Traded longer-dated securities in New York.• Restored the Asian franchise during a turbulent financial crisis. Established #1 rankings as a trading seat and on brokerage screen daily volumes from depressed levels.• Forged tremendous relationships with global customers. Regularly interacted with desk heads in NY, the head of fixed income, and the CEO.• Liaised between the trading desk, sales force, research, technology, capital markets, middle office and operations. Provided daily P/L reports to traders and helped manage desk expenses.