Execution, an agency-only global broker dealer, has opened a New York office as part of its long-term US growth plan.

Execution, an agency-only global broker dealer, has opened a New York office as part of its long-term US growth plan.

Execution's new office is located at 450 Park Avenue and will include space for US sales and trading, desk analysts, options and European sales.

'Having a New York presence will enable us to hire outstanding talent from New York, New Jersey and Long Island and will further enhance the level of service for both new and existing clients,' says Gary Cunningham (pictured), chief executive of Execution. 'New York will complement our existing offices in Greenwich and San Francisco and was the natural next step for the firm.'

Daniel Fox, partner of Execution, will oversee the New York office and will be joined by Jonathan Fairhurst, AnnaMarie O'Neill, chief market strategist Rick Bensignor and financial desk analyst Yousef Abassi. John Margolis, who recently joined Execution following a 20 year career in technology and trading most recently with Thomson Financial, will also be joining the team to build out an options capability.

Execution will maintain its Greenwich office and is in the process of opening a Boston office where the firm will service Boston based accounts for US, European and Asian equities.