HSBC hires spot trader from prop shop Gellos Capital
HSBC has hired a spot trader in New York from the Greenwich, Connecticut-based proprietary trading firm Gellos Capital, according to people familiar with the situation
David Piscatelli has been hired for a spot trading role at HSBC and will be based in New York, reporting to Paul Mischenko, head of GFX trading, North America. Piscatelli joined Gellos in July 2011 from Morgan Stanley, where he had been a spot trader, having spent almost five years at Credit Suisse before that. He began his career as an agency trader at Morgan Stanley in 1999.
Gellos trades currency, commodity, interest rate and equity futures of varying horizons and methodologies, based on macroeconomic fundamentals.
HSBC declined to comment.