Commentary

Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

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August 31, 2000

Fast Track

By John A. Byrne

*At Stifel, Nicolas & Co. in Denver Lex Hudson, formerly with J.C. Bradford, joined as an OTC manager; Dave Mele, previously with Everen Securities, joined as a senior sales trader; and Jason Pacheco from Charles Schwab joined as an OTC trader. In the St. Louis headquarters, Dave McCubbins, previously with Edward Jones, joined as an OTC trader. The new hires report to Greg LeMasters, director of equity trading.

*Schroder Salomon Smith Barney (SSSB) appointed Edward Miller co-chief executive officer. Miller was previously deputy chief executive officer of SSSB.

*Sharon Premoli, previously a consultant for Instinet Corporation, joined TheBeast.Com as executive vice president of strategic business development in New York.

*Jeffries & Company in Los Angeles promoted Mike N. Alex, senior vice president, to director of e-commerce strategy.

*Tim Johnston, previously with Goldman, Sachs & Co., joined Bear, Stearns & Co. as a managing director and head of the London trading desk for non-U.S. equities.

*GFInet Inc. in London, a creator of independent online markets, named Michael Everaert as executive vice president of sales and marketing. He was previously sales manager for investment banking services at Logica UK.

*Roger Burkhardt, previously president of listed equities at OptiMark Technologies, joined the Big Board as chief technology officer and senior vice president. Steven Hughes, previously with Strike Technologies, joined as managing director of member firm and institutional sales.

*Chris Morstatt, formerly with Commerzbank, joined Thomas Weisel Partners in San Francisco as a principal, trading technology.

*Security Investment Company in Kansas City promoted Sandra Carvajal to director of capital markets.

*Salomon Smith Barney named Michael Klein as co-head of global investment banking. He is a 15-year veteran of Salomon Smith Barney and vice chairman and co-head of investment banking for Schroder Salomon Smith Barney.

*Dean Bruskof, previously with Sharpe Capital, joined Quaker Securities in Valley Forge, Pa., as an institutional trader.

*SunGard Trading Systems in Weehawken, N.J., hired Cindy Foster as vice president of compliance. She was previously assistant director and project manager for OATS at NASD Regulation.

*Robert S. Stellato, previously with Goldman, Sachs & Co., joined Knight Trading Group in Jersey City as global head of institutional sales.

*Stephen Schoenfeld, previously with OptiMark Technologies, joined State Street Brokerage in Boston as senior vice president of Lattice sales and marketing.

*Archipelago, L.L.C. in Chicago named Mike Cormack, previously national sales manager, as president.

*Indosuez W.I. Carr Securities in New York hired Stewart Palmer, previously of ABN AMRO, as a managing director, and Anders Nilsson from Jones & Associates, as senior vice president, head of electronic brokerage for the Americas.

*Kathryn M. Trkla, formerly senior vice president and associate general counsel with the Chicago Board of Trade, joined Foley & Lardner's Chicago office as a partner in the broker dealer practice group.

*Ladenburg Thalmann & Co. in New York hired John McFarland, previously with J.P. Turner & Company in Atlanta, as an OTC trader.

*David Fish, previously with the New York Stock Exchange, joined the American Stock Exchange as its new managing director of rulings. He reports to Arne Michelson, senior vice president in member firm regulation.

*Ian Smith, previously a senior sales trader at Donaldson, Lufkin & Jenrette, rejoined Dresdner Kleinwort Benson in New York. He will provide pan-European sales trading coverage to Dresdner Kleinwort's investment bank's American clients. Smith reports to Fred Bond, senior vice president in New York and Ian Brenner, head of global sales trading in London.

*Liquidnet.com, a new alternate trading system based in New York, hired Alfred Eskandar as director of marketing. He was previously director of conferences and new business development at Securities Industry News and Traders Magazine.