SALT LAKE CITY, UT – The premier proprietary trading firm, Maverick Trading, announced that effective September 1, 2018, Robb Reinhold, Founder of Maverick Trading, would step aside as CEO. In his place, Reinhold named long-time Maverick Trading colleague Darren Fischer as CEO.
Reinhold will remain with the firm and continue as Chief investment Officer and Head of Trader Development. This change was prompted by Maverick’s phenomenal growth over the past several years.
When asked to elaborate further on the move, Reinhold stated, “I couldn’t be more pleased with what the Maverick team built over the past 21 years. What started as a local prop trading firm in 1997 has grown into a driving force in the industry. It was really our success that prompted the change. I found that with the firm’s growth that I was being pulled further away from my passion and what motivated me to start Maverick Trading. With Darren taking over strategic planning and day to day management, I’m going to be able to concentrate all my efforts on what I love: teaching and developing traders and making trades.”
As to how this change will affect the firm moving forward, Reinhold continued, “Darren and I share the same future vision for Maverick Trading, really to be a beacon in the industry; a firm that empowers its traders to achieve independence through trading. It will just be Darren navigating and setting the firm’s course instead of me.”
Fischer has been with Maverick Trading since 2010, first working in the firm’s marketing department and then transitioning into recruiting. Prior to joining Maverick Trading, Fischer gained extensive project management experience during his 13 years in the U.S. Marine Corps.
Fischer stated, “First, I want to thank Robb for the opportunity to guide Maverick Trading into its next phase. It’s a great honor as well as a great responsibility, but I couldn’t ask for a better team to drive us forward than the staff and traders we have at Maverick.”
Asked about how the transition would affect trading operations, Fischer said, “Our traders won’t even notice the move. Our support staff, our coaches, and our risk managers all have some very robust systems in place to train and guide our traders. If anything, this move frees up Robb to have more personal interaction with our traders and to work with our coaches to increase the performance of our traders.”
In speaking about upcoming changes at the firm, Fischer stated, “The performance of our traders is even better this year than it was in 2017, which was still a great year for us. We’ve got excess capital that we want to put to use, so we’re going to go out and find retail traders that want to learn how to trade professionally, teach them, and then give them capital to trade. We want to empower people to take control of their lives.”
When asked about what type of trader the firm is looking for, Reinhold replied, “It’s never been about finding a certain type of person that will make a good trader. It’s more about teaching traders to use their strengths to make them the best traders they can be. One of the very first things our traders do at Maverick is take a personality test so they can learn what their strengths are and build their trading plans to take advantage of them.”
In addition to expanding the core Options and FX trading operations, Maverick is evaluating several strategic partnerships as well as institutional training opportunities and several venture philanthropy projects.
Fischer concluded, “We know where we are and where we want to go. We’re charting how to get there, and we’re inviting anyone who wants to invest the time and energy to empower themselves to come along for the journey. Everyone at the firm is looking forward to it.”
About Maverick Trading
Founded in 1997, Maverick Trading is a private proprietary trading firm. The firm has two divisions, focusing on position and swing trading options in equities and exchange traded funds, as well as a foreign currency division focused on directional trading the eight major currencies.
Media Contact: Joe Jensen; 801-755-6077; firstname.lastname@example.org.