The basic philosophy of the CSM Options team is to answer the ever-important question, “What’s the optimal trade?”.
In this effort, their work is enhanced by Cornerstone’s well-established footprint in Economics, Policy, Portfolio Strategy, and Technicals research. The team publishes actionable trade recommendations and offers agency-only trade execution services to institutional investors, including: mutual funds, hedge funds, pension funds and money managers.
As a non-market making execution desk for one of Wall Street’s premier macro research providers, counterparties can have confidence that their orders are handled with no conflicts.
Co-Head of Options:
Danny Kirsch joined Cornerstone Macro in August 2015 to build out the firm’s options strategy and trading effort. He works with Cornerstone’s industry-leading research to deliver actionable trade ideas to institutional clients and execute listed equity, index and ETF option orders on their behalf. Most recently Danny was a senior sales trader at Macro Risk Advisors, where he led the firm’s derivatives strategy effort and executed listed option, equity and ETF trades. Prior to MRA, Danny worked at Bank of America where he helped launch the firm’s equity derivatives desk in London, servicing European hedge funds. He graduated from the University of Michigan undergraduate business school. Danny is a CFA charterholder.
Co-Head of Options:
Jarret Christie joined Cornerstone Macro in July 2015 to build out the firm’s options strategy and trading effort. He works with Cornerstone’s industry-leading research to deliver actionable trade ideas to institutional clients and execute listed equity, index and ETF option orders on their behalf. Most recently Jarret was a senior sales trader and derivatives strategist at Macro Risk Advisors, where he advised institutional investors on the use of options and executed listed option, equity and ETF trades. Prior to MRA, Jarret worked at Citadel and Bank of America, covering hedge fund clients across a variety of products. He graduated summa cum laude from the University of Kentucky where he was a scholarship member of the men’s soccer team and recipient of the Wildcat Scholar-Athlete of the Year award. Jarret is a CFA charterholder.
George spearheads the options strategy effort at Cornerstone Macro, providing key insight into volatility markets, identifying actionable trade ideas, and advising clients on structuring and managing trades. Most recently George was an options strategist at Point72 Asset Management. Prior to Point72, George was Head of Risk Strategy at Macro Risk Advisors and worked on the convertible bond desk at Marathon Asset Management. He graduated from MIT with bachelors’ degrees in Physics and Economics.
Tom Keen is a member of the Options Strategy & Trading team. Prior to joining Cornerstone Macro, he was at Bloomberg LP focusing on the Cross-Asset Derivatives platform, handling product development, support, and sales. At Bloomberg, Tom developed strategy-based content that has been featured in both Bloomberg Markets and on the Bloomberg Professional Service. Tom holds a degree in Economics and Finance from the University of Delaware, and a Masters of Business Administration from New York University’s Stern School of Business.
Michael Marino is a member of Cornerstone’s Option and Strategy team. Prior to joining Cornerstone Michael was a senior derivative sales trader at Macro Risk Advisor where he helped clients develop and execute single stock and index hedging strategies. He also ran the options sales and trading desk at Landenburg Thalmann and helped launch WJB Capital’s options desk. Michael started his trading career as an options market maker on the Philadelphia Exchange. He has a BA from Saint Michael’s college where he was a two sport athlete playing lacrosse and ice hockey.
Christopher Kettenmann is an Energy Trader at Cornerstone Macro LLC. He works with the firm’s clients to trade tactical derivatives strategies, hedging equity and credit risk across oil & gas and renewables. Prior to Cornerstone, Chris was a Partner and Chief Energy Strategist at Macro Risk Advisors LLC, an independent derivatives strategy and execution firm. Previously, Chris Kettenmann was Chief Energy Strategist at Prime Executions where he provided research coverage of global integrated oils, onshore U.S. exploration & production companies and select renewable energy stocks. In 2014, he stepped out from consensus with a bearish “oil price break” call on oil and energy equities. He began his career at Miller Tabak & Co. where he was an associate on the energy research team. He received a BA in Political Science/International Relations from Carleton College.
David joined Cornerstone Macro in November of 2018 to help support the operations needs of the expanding options and equity trading teams. He works closely with all members of the teams to ensure a smooth trading day and is ready to tackle any problems that may arise. Most recently David was an operations manager at Integral Derivatives. Prior to that role David had many years of experience as an Options Specialist on the floor of the American Stock Exchange. David graduated with a degree in Economics from Carnegie Mellon University, he currently holds the Series 7, 4 and 24 licenses.