Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

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June 30, 2000

Fast Track

ING Barings in New York named James Blackburn, previously with Merrill Lynch & Co., as head of program trading, and Kevin Campion from Warburg Dillon Read, as head of international equity sales trading.

Scott Riskin, previously with Sanford C. Bernstein & Company, joined Spear, Leeds & Kellogg Capital Markets as head trader of a new listed block desk.

Bloomberg Tradebook hired three new pros: Todd Swearingen, previously with Check Free Investment Services, joined as director of media strategy; Andre Urbanski from Buck Consultants and Nick Orlando from Arnhold and S. Bleichroeder, joined as sales representatives.

Kevin O'Hara was named general counsel at Archipelago. He joined the ECN one year ago and had been acting as general counsel. Before joining Archipelago, he was a legal consultant to businesses and governments in Eastern Europe, Russia and Central Asia.

ABN AMRO in New York added two Nasdaq postion traders: Jerry Kane, a former J.P. Morgan pro, joined as a managing director, and Angelo Carnemolla from PaineWebber joined as a director. Both report to John Smythe, managing director.

James Gurry, previously with Hambrecht & Quist, joined S.G. Cowen Securities Corp. as a vice president and head of the firm's Nasdaq agency desk.

E*Trade Group named Jerry Gramaglia president and chief operating officer. He succeeds Kathy Levinson, who will remain through mid-year to help in the transition. She plans to pursue her own philanthropic interests. Gramaglia joined E*Trade in 1998 from Sprint Corp., where he headed up marketing for its consumer division.

Suzanne Currie, formerly with Alpha Investment Management, joined Ardsley Partners, a New York-based hedge fund, as head of marketing.

Sarah Williams, former counsel at the Securities & Exchange Commission, joined the National Association of Securities Dealers Regulation as assistant general counsel.

Ashton Technology Group in Philadelphia made two top appointments: Scott von Kleeck, formally chief technologist at the Vanguard Group, and Steven Heilenman, previously a senior manager of individual systems at the Vanguard Group, were named senior vice presidents and chief technology officers

Hanspeter Gehrer, previously a vice president with J.P. Morgan in London, joined Lehman Brothers in Zurich as a managing director.

Fred W. Clough, formally with Goldman Sachs, joined First Union Securities as a managing director of its institutional equity trading desk in Boston, Mass.

Brett Wien, an executive at Wien Securities, replaced Rick Telesco as head of trading in Jersey City.

The Securities Industry Association named Keith Utsey vice president and counsel, state government affairs. Utsey was previously government relations counsel for TIAA-CREF. Thomas Price, formerly a corporate relations manager for the American Stock Exchange, was named vice president, marketing services.

Credit Suisse First Boston named Gianluca Pediconi, previously with Deutsche Bank, as director of its European equity department.

Susan Mulligan joined Royalblue Financial, to head up its Midwest office for the fidessa trading platform. She was previously at the Chicago Stock Exchange and formerly head of agency trading for EVEREN Securities' Nasdaq desk.

Lehman Brothers named Gerald Donini as head of the firm's global equity

volatility trading group. He succeeds Benoit Savoret who was tapped to run Lehman's equity desk in Asia. Donini reports to Mark Sanborn and Xavier Rolet, co-heads of global equity trading.

Carmen Lawrence, Director of the Securities and Exchange Commission's Northeast Regional Office, is joining the law firm of Fried, Frank, Harris, Shriver & Jacobson as a partner. Lawrence will head the Securities Regulation and Enforcement Practice Group in Fried Frank's New York office.

Dean Bruskof, previously with Sharpe Securities in New York, joined Quaker Securites in Valley Forge, Pa. as a sales trader.