Sachin Barot
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CANNABIS CORNER: Part 1: Snapshot of the Legal Cannabis Market at Year's End

In this first in an exclusive new series to Traders Magazine, Sachin Barot, CEO of CERESLabs, examines the foundations of the cannabis industry and the potential for trading in this new emerging asset.

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September 30, 1998

Fast Track

By John A. Byrne

Also in this article

*USCC Trading the former Nash, Weiss & Co. hired Robert Donato as a sales trader and John Whalen as an equity trader. Donato was previously a sales trader at Knight Securities in Jersey City. Whalen joined USCC Trading from CIBC Oppenheimer in New York, where he traded on the equity desk.

Both Donato and Whalen will report to Neil Feldman and James J. Welsh. Feldman is USCC Trading's president. Welsh is chief executive officer of the Jersey City-based firm, and assists Feldman in the management of the trading floor.

*After eight years at Neidiger, Tucker & Bruner in Denver, Fred Ott moved cross-town to join EBI Securities Corp. as an equity trader. Ott was previously an institutional trader at Neidiger Tucker.

EBI Securities Corp., the former Cohig & Associates, is owned by Viennese firm East Broker International.

nHoward Kramer left the Securities and Exchange Commission to join the Washington law office of Schiff, Hardin & Waite as a partner. Kramer had most recently served as senior associate director of the Division of Market Regulation at the SEC.

*D.A. Davidson & Co. in Portland hired Corey Hughes as a senior over-the-counter trader. He was previously an OTC trader at Ragen MacKenzie in Seattle.

Hughes will report to Jim Volk and Dan Baker, who co-manage the trading desk at D.A. Davidson. Volk said the firm also plans to hire a sales trader.

*Jeff Schaefer left the Securities Industry Association after more than two decades of service to join Midwood Securities as a senior economic advisor. Schaefer was most recently director of research at the New York-based trade organization. Midwood Securities is a New York institutional brokerage firm.

*LIMITrader Securities, a Princeton-based firm launching an electronic bond-trading system this fall, hired three new executives: Robert Stoner, J. Randall Burwell and Joseph M. Krupp Jr.

Stoner joined the firm as director of sales. He was previously vice president of sales at InterVest Securities in Berwyn, Pa. Burwell, formerly head of North American origination for medium-term notes at HSBC Securities in New York, was named managing director and head of capital markets at LIMITrader. Krupp was hired as a principal and senior sales executive. Krupp was previously a principal in the fixed-income department at BT Alex. Brown & Sons in New York.

Stoner, Burwell and Krupp will report to Edwin J. McGuinn, LIMITrader president and chief executive.

*Arthur Raskin and John McRae joined Cantor Fitzgerald & Co. in New York as senior vice presidents. Raskin, formerly a convertible-bond portfolio manager at AIG/Soundshore in Stamford, will serve as chief equity hybrid trader. McRae will serve as head equity hybrid research analyst at Cantor Fitzgerald. McRae was previously a senior analyst in the convertible-securities department at New York's Salomon Smith Barney.

*James C. Curvey was named president of Boston-based mutual-fund giant Fidelity Investments. Curvey is currently chief operating officer of Fidelity's parent company, FMR Corp. He will continue in his role as COO at FMR Corp. Curvey, 63, has been an employee of Fidelity and FMR Corp. since 1982.