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February 1, 2002

Fast Track

By John A. Byrne

*Cantor Fitzgerald in New York hired Richard Tipaldi, Joe Callaci, and Jeff Casciano as equity traders. Tipaldi and Callaci were previously with Fleet Trading while Casciano came from Knight Trading Group. Bill Birney, formerly with Knight Trading, Bill Crow, from NDB Capital Markets, and Tom Kackle, previously with ABN AMRO, joined as sales traders. Jim Thompson, from Bear Stearns, joined as a market maker.

*David Strandberg joined Archipelago ECN in Chicago as director of issuer services. He was previously with Nasdaq.

*Jeff Gamble joined Jones & Associates in Portsmouth, N.H., as a sales trader. He was previously with Raymond James.

*Hill Thompson Magid hired Frank Vallone as vice president of broker dealer services from Schwab Capital Markets; Michael Ehrlich, an alumni of Knight Securities' trading desk, joined as a market maker; while a trio of Gruntal market makers Mark Yutko, Aldo Pantaleone and George Cabrera also joined in the same capacity. Nasdaq legend Lee Bulleri, who will be based in Chicago, also joined Hill Thompson from NDB Capital Markets, along with Cindy Abbott and Lynn Hagglund.

*The Chicago Stock Exchange named A.D. Frazier chairman and chief executive. He was previously president. Frazier succeeds Lee M. Mitchell, who will remain on the exchange's board of directors. Chief operating officer, Paul B. O'Kelly, was appointed to the additional post of president.

*GMST World Markets in Lake Mary, Fla. hired Michael G. Roughton, as a senior vice president for institutional and broker dealer trading. Roughton, who will be based in Philadelphia, was formerly head of institutional sales at Knight Securities. Matthew C. Dunphy joined from Princeton Securities as a Nasdaq trader and will focus on ADRs.

*John B. Tesoro was promoted to head of equity trading at Adams, Harkness & Hill in Boston. He was previously director of institutional sales. Joseph S. Ranieri, a managing director at the firm, was named head of OTC trading. Ranieri, succeeds Benjamin A. Marsh, who assumed a senior sales trader position.

*BrokerageAmerica in New York hired Bora Sultan as senior vice president, strategic business development and execution quality. He was previously with Fidelity Investments.

*Kathleen B. Yates was appointed chief operating officer and president of, a San Francisco-based financial news and information provider. Yates was previously with Knight Ridder and

*Mike McCauley, a senior equity trader at Fidelity Management, joined PulseTrading in Boston as president.

*Bill Sanford joined NYSE direct access firm Galway Securities Corporation

as director of sales and marketing. Sanford had been in charge of all floor operations at the NYSE for Janney Montgomery Scott as its first vice president.

*Joe Turk, a vice president in correspondent services at U.S. Clearing, moved to Fiserv Securities in Philadelphia as a vice president, also in clearing services.

*Tim Zaleski joined Wm. V. Frankel in Jersey City as a sales trader. He served in that same role with National Securities in New York.

*Canaccord Capital in Vancouver promoted Karen Colledge to vice president and manager of U.S. equity agency trading. She was previously a vice president and sales trader. Colledge reports to Andrew Jappy.

*Bill Harts, the former Salomon Smith Barney managing director of strategic business development, joined Nasdaq as an executive vice president of corporate strategy. He will report to Wick Simmons, chairman and ceo of Nasdaq.

*John Oddie was named CEO of SecFinex, a Web-based trading system for securities lending. He replaces Peter Irons who served as chief executive since the firm was launched in 2000.

*Bear Stearns named Andrew Shortland head of international equity trading. He was previously a senior managing director in the firm's New York office.

*Credit Suisse First Boston hired Eileen Murray from Morgan Stanley as managing director and head of global technology and operations. She will also serve on the firm's executive board and divisional committee reporting to chief executive John Mack.