Fortis Clearing Americas Hires Two To Futures Execution And Clearing Desk

Fortis Clearing Americas (USA) LLC says it has hired Gerard Colagrossi and Eli Tullis Jr. as senior vice presidents to jointly lead the firm's newly established 24 hour futures execution desk. Based in Chicago, the team is charged with expanding

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Fortis Clearing Americas (USA) LLC says it has hired Gerard Colagrossi and Eli Tullis Jr. as senior vice presidents to jointly lead the firm’s newly established 24-hour futures execution desk.

Based in Chicago, the team is charged with expanding current futures business and providing 24-hour execution for its customers. Colagrossi and Tullis will report directly to Mark Cermak, Executive Vice President of execution services at Fortis Clearing Americas.

“The addition of Gerard and Eli to our expanding team of futures industry experts positions Fortis well to capitalize on current market opportunities in this space,” says William Floersch, President and Chief Executive Officer of Fortis Clearing Americas. “Their more than 55 years of combined experience in the futures industry will help us to better meet the needs of commodity trading advisors and hedge fund clients as we continue to expand our global footprint and service offering.”

Colagrossi, a 25 year veteran of the futures industry, established the 24-hour execution desk at MF Global (formerly Man Financial) and later managed the execution desk at ABN AMRO and UBS. In each of these positions, he was responsible for expanding the client base and working with commodity trading advisors (CTAs) and hedge funds.

Tullis brings more than 30 years of futures industry experience to Fortis, especially among CTAs. Beginning his career on the New York Cotton Exchange, he quickly became an independent trading member and, by 1981, had founded his own clearing firm. From 1982 to 1988, Tullis traded for a select client group at the Chicago Mercantile Exchange and traded his own account on the CME through 2000. He created Tullis Management LLC in 1999 and through this entity, has acted as general manager for several funds.

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