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November 1, 1999

Fast Track

By John A. Byrne

C.E.Unterberg Towbin hired two new sales traders: Zack Cottrell, formerly with Emerging Growth Fund, and James Whipple from Bear Stearns. John Grecco, a position trader from Warburg Dillon Read joined the trading desk at Unterberg.

Raymond James & Associates hired two position traders. Kevin Daniels signed on as a vice president, senior OTC principal trader. He was previously a position trader with George K. Baum in Kansas City for three years. Before that he was with Fahnestock for seven years in New York.

Jay Hansen started as an OTC position trader. He was previously with J.C. Bradford.

Raymond James now has 10 Nasdaq position traders; 21 listed and Nasdaq sales traders - 13 in St. Petersburg and eight in New York; and 15 agency traders.

First Albany in New York hired Dave Kerwin from Fidelity Brokerage, to run the OTC trading desk.

Bear Stearns nabbed two institutional sales traders: Chris Biglio from Prudential Securities and Susan Green from Weeden & Co.

Tom Brown left Jefferies & Company to join ING Baring Furman Selz as a position trader.

J. C. Bradford hired Tod Kreitzman as a market maker from Tucker Cleary.

Stephens Inc. added Sean Barre as a position trader from the Midwest Stock Exchange. The six-person trading desk is run by John Carroll.

James Park left A.G. Edwards joining Brean Murray, Foster as a sales trader .

Sands Brothers hired Paul Ramrod from D.H. Blair as a position trader on its OTC desk.

Paul Brune joined Ferris, Baker Watts as a senior vice president on its OTC trading desk. He was previously at Deutsche Bank Alex. Brown.

Crowell, Weedon recruited Joe Kim as a market maker on its six-person trading desk.

City Securities hired Joseph Carrico as an OTC and listed trader. Previously, he was at Franklin Financial Services Corp.

Financial Services Corp. hired Jeff Billings, formerly of Brandywine, as an OTC and listed trader.

First of Michigan nabbed Jon Mueller-Schrader from Bidwell as an OTC position trader.

Hoak Breedlove Wesneski hired Peter Stark, formerly of Wedbush Morgan Securities, as a Nasdaq position trader. The firm also hired Mary Hoener from George K. Baum as a sales trader. Hoener will work out of Breedlove's new Kansas City office.

Nomura Securities recruited Andrea Ardavany from Flemings as a sales trader on its European desk.

Van Kasper hired two OTC traders: Spencer Giesea from Spear, Leeds & Kellogg and industry pro Peter Salcuni.

Weiss, Peck & Greer hired two listed and OTC traders: Mathew Lazarus from Oppenheimer and Jim Giovinazzo from U.S Trust.

Wedbush Morgan Securities of Los Angeles is beefing up its institutional business. Ed Polite will head up sales trading. He was most recently with CIBC Oppenheimer. Ngai Barbero, from Lynch Jones & Ryan, also joined as a sales trader.

The firm, which has grown from one to seven sales traders since last December, is looking for about four more.

Jeffrey Wecker will manage Lehman Brothers equity market-related e-commerce activities. He will oversee relationships with electronic trading and market-making organizations in one of Wall Street's fastest growing sectors. Wecker was most recently the CEO and chief investment officer of New York's Caspian Asset Management.