Dallas-based Southwest Securities has opened a new fixed income office in San Francisco, the firm said today. The office will serve mainly institutional customers in fixed income sales.

The San Francisco office is part of the firm’s larger effort to grow its mortgage security sales and trading presence. Southwest recently expanded its ABS and CMBS trading capabilities by adding RBC Capital Markets veteran Derek Rose to its Chicago office; the firm also recruited former JPMorgan trader Steve Palmer for mortgage trading in July.

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