Maverick Trading of Salt Lake City has named Darren Fischer to replace Robb Reinhold, founder of the company, as CEO. Reinhold will remain with the firm and continue as chief investment officer and head of trader development. The change was prompted by Maverick’s growth over the past several years, according to Reinhold.
“I couldn’t be more pleased with what the Maverick team built over the past 21 years,” Reinhold said. “What started as a local trading firm in 1997 has grown into a driving force in the industry. 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.”
“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,” Reinhold added.
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.
“First, I want to thank Robb for the opportunity to guide Maverick Trading into its next phase,” Fischer said. “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.”
Founded in 1997, Maverick Trading is a private proprietary trading firm with about 70 employees. The firm has two divisions, one focusing on position and swing trading options in equities and exchange traded funds, and a foreign currency division focused on directional trading of eight major currencies.