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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June 30, 2001

Fast Track

By Editorial Staff

*The Securities and Exchange Commission named Glenn S. Gordon as deputy regional director in the Commission's southeast regional office. He was previously assistant director for enforcement.

*Mark Salvacion, formerly with Ashton Technology Group, joined the Philadelphia Stock Exchange as director and counsel.

*Instinet named to its board of directors John C. Bogle (left), founder of the

Vanguard Group; John Kasich, a managing director at Lehman Brothers; and Kay Koplowitz, chief executive of Working Woman Network.

*Ian Domowitz, previously a professor of finance at Pennsylvania State

University, joined ITG in New York as managing director of electronic market initiatives.

*HSBC Securities in New York hired Adam Mattessich, previously with Cantor Fitzgerald, as senior vice president, Asian and emerging market trading. Mattessich, who reports to Peter Stoberock, is chairman of STANY's international committee.

*Howard Greenspan, previously with PTJP Partners, joined the Chicago Stock Exchange. He is heading up the exchange's New York sales office.

*Goldman Sachs in New York named George Sofianos as vice president, derivatives and trading research. He came from the New York Stock Exchange.

*Ben Hovermale joined Wells Capital Management in San Francisco as head trader from Invesco Funds Group.

*Victory Capital Management in Cleveland, hired Brian Pears as head trader. He was formerly with Wells Capital Management.

*Bob Wagner joined Punk, Ziegel & Co. in New York as a sales trader. He was previously with TD Securities.

*Credit Suisse First Boston in London tapped John Major, former prime minister of the U.K. as a senior advisor.

*Royalblue Financial Corporation in New York hired Jess Haberman as chief compliance officer. He was previously with Knight Securities. Stephen Garceau and Camillo Amato, both from Bloomberg, joined as trader specialists. Stephen Agro, formerly with Spear, Leeds & Kellogg, also joined as a trader specialist.

*Knight Trading Group in Jersey City named Anthony M. Sanfilippo head of

global equities. He was previously co-head of global equities. John G. Hewitt and David Shpilberg resigned from the firm. Hewitt was president of Knight Securities and Shpilberg was chief operating officer and chief technology officer of Knight Trading Group.

*Nasdaq and the London International Financial Futures and Options Exchange appointed Warren Langley chief executive of the joint venture. He was previously president and chief operating officer of the Pacific Exchange.

*William C. Gremp joined E & J Securities in New York as a principal. He was previously with Patrick J. Collins, Inc.

*Michael Paull and Duncan Johnston-Watt moved from Instinet to found Enigmatec, which will introduce an infrastructure for mobile financial services. Johnston-Watt was managing director of Instinet Fixed Income technology while Paull was managing director of its sales and marketing unit.

*Elizabeth Sipiere joined Interbizz, a London-based firm specializing in order routing technology, from Hewlett-Packard where she was global capital markets business manager.

*ING Barings tapped Bill Healey as head of Japanese equity sales in New York and Nick Cant as head of the firm's foreign institutional sales desk in Tokyo. Both were previously with HSBC Securities in New York.

Greenwich Prime Trading Group in Greenwich, Conn., a new firm which specializes in providing trading services for hedge funds, was founded by Barry Savage, previously with ABN AMRO. The firm includes traders Andrew Brookman, Patrick Connors, Ira Deutsch, and Dan Lilly. All were previously with ABN AMRO.