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March 1, 1998

Fast Track

By John A. Byrne

Two months after being named co-head of Nasdaq trading at Paine Webber, William Heenan left the firm to join New York -based Donaldson, Lufkin & Jenrette. Heenan and Patrick Davis took the helm at PaineWebber in New York after the much-publicized resignation of Richard Bruno in December. Heenen joined the over-the-counter trading department at DLJ.

Jeff Moskowitz joined C.E. Unterberg, Towbin in New York as managing director of equity trading. He was previously a general partner at New York's Genesis Capital Management.

Durango, Colo.-based OptiMark Technologies hired two senior vice presidents of account relations, Anette Kolenda and Richard Yau.

Kolenda, a former White Plains-based IBM general manager of banking, finance and securities, is responsible for managing marketing services to OptiMark's buy-side clients. Kolenda is based in New York.

Yau, also based in New York, is responsible for client liason for sell-side firms and securities exchanges. Before joining OptiMark, he served as director of Salomon Brothers' Asia Pacific Business Technology Organization in Hong Kong.

Wynn Portny moved to Sharpe Capital in New York as an over-the-counter trader. Portny was formerly an OTC trader at New York's Paragon Capital. Sharpe also promoted three assistant traders Allan Hoes, James Kessler and Barbara Payer to equity traders.

Portny, Hoes, Kessler and Barbara Payer report to William Kirincich and Judy Payer, co-managers of equity trading.

Ceaser Fraschilla joined New York-based W.J. Nolan & Company as a senior vice president and syndicate manager. Previously, Fraschilla was a managing director and syndicate managr at LT Lawrence & Co. in New York.

Roger Levine, formerly a partner and head equity trader at Volpe, Brown, Whelan & Co. in San Francisco, moved cross-town to Preferred Capital Markets. Levine is director of equity markets and sales trading at Preferred Capital.

Dresdner Kleinwort Benson North America, the investment-banking arm of New York-based Dresdner Bank Group, appointed Rahul Merchant an executive vice president and head of information technology and operations. Merchant was a senior vice president and global head of technology at Sanwa Financial Products in New York prior to joining Dresdner. He will continue to be based in New York.

Lynne P. Fagan joined the equity-trading department of Brown Brother Harriman & Co. in New York as an investment officer. Before her move, Fagan was a senior institutional clerk on the floor of the New York Stock Exchange for Harvey Young Yurman.

New York-based Nikko Securities Co. International hired Brian Clark as a senior vice president and co-manager of the system's planning division. Clark works with Hiroto Shoji in directing the management and development of systems and technology for the firm's businesses. He was previously with Citibank in New York in a similar post.

Penson Financial Services, a Dallas-based clearing firm, hired James Kubisak as manager of trading operations for its new Chicago office. Kubisak was previously a vice president with marketing and trading operations responsibilities at Dempsey & Co. in Chicago.

Allan Skinn and Mary Beth White also joined the new trading operation at Penson in Chicago. Skinn, formerly as vice president of over-the-counter trading at Sterne, Agee & Leach in Atlanta, was named a vice president and trading manager. White, formerly a trading assistant at Dempsey, was named a Penson equity trader.

Lynette Woodard, a sales trader at Magna Securities in New York, was selected by the Detroit Shock in the Women's National Basketball Association expansion draft. Woodward, a starting guard for the WNBA's Cleveland Rockers last summer, will limit her responsibilities at Magna to play for the Shock. The Shock and the Washington Mystics will join the eight charter WNBA teams in the league's second season this summer.

Tim Norton, a former market maker at Robertson, Stephens & Company in San Francisco, moved cross-town to the Nasdaq desk at Cantor Fitzgerald & Co. New York. Cantor trader Mike Gould will transfer to the firm's San Francisco office to work with Norton.