CRT Capital Launches Foreign Exchange Trading Business

Highly Experienced Forex Team Brought in to Lead Business

STAMFORD, Conn.--()--CRT Capital Group LLC (“CRT”), an independent institutional broker-dealer based in Stamford, Connecticut, today announced the launch of live foreign exchange trading for its global customer base, a capability which complements its broad range of existing client services.

“Seth, Klaus and I are thrilled to become part of CRT and to lead this exciting new initiative”

After deciding to add forex trading capabilities earlier this year, CRT hired industry veterans Seth Garrett, Klaus Said and Alan Stuart to oversee the development of a full service forex business. Together, Messrs. Garrett, Said and Stuart bring extensive experience heading forex operations at top tier financial institutions, including JP Morgan, Credit Suisse and Société Générale. They are joined by a highly experienced team of execution, sales and transaction structuring professionals. Today’s launch represents the culmination of CRT’s efforts over the last year to build a premiere forex platform that combines best-in-class systems with a highly skilled execution and structuring team.

CRT’s forex business, which clears transactions through a prime brokerage agreement with Citibank NA, offers CRT’s institutional clients a full suite of forex product choices, including spot, forward, NdF, futures and options. Based in New York, the business will operate a 24-hour trading desk, enabling seamless order execution and management for CRT’s institutional client base with one contact point across all time zones.

“Seth, Klaus and I are thrilled to become part of CRT and to lead this exciting new initiative,” said Alan Stuart, Managing Director in CRT’s Foreign Exchange business. “CRT’s deep relationships with institutional clients were an important factor in choosing to join the firm, and we look forward to providing those clients with bespoke service and best-price execution of spot, forward and derivatives transactions across the full range of deliverable and non-deliverable currencies.”

“We are fortunate to have accomplished industry veterans such as Seth, Klaus and Alan leading CRT’s entry into foreign exchange trading,” said Ron Kripalani, CRT’s Chief Executive Officer. “By adding foreign exchange capabilities to our already robust list of products and services, we have taken another important step toward becoming the preferred choice for institutional clients seeking a diverse product platform, creative and informed idea generation and superior execution of their trading and risk management strategies.”

CRT, which has over 20 years experience as an institutionally focused broker-dealer, continues to build a world-class organization delivering unsurpassed research and trade execution services to its clients by attracting best-in-class talent for its sales, trading, technology and support functions.

About CRT Capital Group LLC

CRT provides security brokerage and research services to over 1,350 institutional accounts with established counterparty relationships around the world. The firm caters to asset managers, insurance companies, pension funds, hedge funds and investment firms. Formerly known as Credit Research and Trading LLC, CRT was founded in 1989 and is headquartered in Stamford, Connecticut. For more information, please contact John Nielsen at (203) 569-4316 or


CRT Capital Group LLC
John Nielsen, 203-569-4316