Coinciding with the recent expansion of its platform to include trading in all mortgage-backed and asset-backed securities, Beacon Capital Markets, a broker/dealer and provider of an electronic trading platform for fixed-income products, today announced two senior appointments.

David Weisberger, a veteran mortgage derivatives investment manager who founded Watch Hill Investment Partners, has joined the firm as co-CEO to work with senior management to further build the platform's business. Beacon Capital Markets has been expanding the base of buy- and sell-side users of its Trade Discovery electronic marketplace, which is dedicated to trading the complete range of MBS and ABS. The level of postings and trading activity is up significantly over the last two months, reflecting an expanded product line up, as well as market participants' needs to efficiently conduct price discovery and locate liquidity in the markets.

"This is an opportune time for market participants to embrace a trading platform that will assist them in finding both liquidity and price transparency in the current, difficult market environment," said Weisberger.

Weisberger, who serves as co-CEO along with founder Norman Epstein, is a well-known investor in mortgage derivatives. He launched several funds and private accounts under Watch Hill Management Partners, and, from 1994 to 2006, saw firm assets grow to more than $1 billion with average net returns of more than 20% a year. Recently, Weisberger has been consulting to several financial services companies. He was a managing director at Prudential Securities in mortgage- and asset-backed analytics prior to launching his fund business.

In addition, John Knox has joined the firm as Managing Director of Sales and Marketing. In this role, he will oversee all sales and support functions and will seek to further build out the sales team.

Most recently, Mr. Knox was a Managing Director in the Institutional Equities Division at Bear Stearns, where he worked on developing an electronic trading platform for equities for institutional clients. He previously was a fixed income trader at Eastbridge Capital, Wertheim Schroder and Manufacturers Hanover.

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