GMP Securities is beefing up its trading desk with a senior hire at the expense of Paradigm Capital.
Clark Toews, Paradigm Capital's head trader, has left the firm to join GMP, the securities unit of GMP Capital .
Mr. Toews was a partner and managing director of institutional equity trading at Paradigm, an employee-owned boutique. He joined Paradigm in 2004. Before that, he was head of equity trading at First Associates, according to his LinkedIn profile.
At GMP, he'll be on a much larger desk. By trading market share, GMP is roughly three times the size of Paradigm.
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