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June 30, 2003

Fast Track

By Editorial Staff

*Sean Malloy, an executive at Southwest Securities has relocated from Chicago to join Southwest's East Coast clearing marketing efforts. He will operate out of New York and Connecticut.

*Adams, Harkness & Hill named a new head of sales trading. Michael Viracola was previously director of OTC sales trading at Salomon Smith Barney in New York, and has some 15 years of industry experience.

*Knight Trading Group hired technology vet Mony Rueven (inset) to head up its new electronic trading group. Rueven comes to Knight after more than two decades building and managing automated trading systems for Investment Technology Group (ITG), Credit Suisse First Boston, D.E. Shaw & Co., BNP CooperNeff and, most recently, Springline Capital, LLC. Knight also hired Thomas Skea as senior vice president, institutional sales. Skea joined Knight after more than 20 years with Merrill Lynch, most recently as a managing director for global equity finance.

*Schwab Capital Markets L.P. named Val Gabela manager of the newly formed dealer sales and services area. Gabela, who joined Schwab from Spear, Leeds & Kellogg, is responsible for supervising and assimilating many of the functions of SCM's dealer and correspondence businesses.

*Michael Jaffe joined Pacific Crest Securities as vice president of listed and Nasdaq sales trading. Jaffe was previously in sales trading with Soundview Financial Group where he spent 14 years. He and his family have relocated to Portland, Ore., from Stamford, Conn.

*Dale Favors and Jeff Vincent are on board at direct access provider FutureTrade as sales execs. Both come from Bloomberg Tradebook.

*Jonathan Gellis joined Crown Financial, formerly M.H. Meyerson & Co., as managing director, international trading. Gellis spent over seven years with Knight Securities, which included a stint in London. He oversees a six-person team of market makers and sales traders.

*Blaylock & Partners hired three traders. Tony Kiniry is overseeing OTC and Nasdaq trading activities. He was previously a trader at Credit Suisse First Boston. Charles Amen joined as a sales trader. He was formerly vice president of sales trading at Sanford C. Bernstein. Edward Osterhus also joined as a sales trader.

*Steve Bugner and Chris Pitera moved to BrokerageAmerica from Spear, Leeds & Kellogg. The two will make markets in banking stocks. Lisa Bozzi-Albanbes also joined BrokerageAmerica from SLK as co-head of sales trading.

*Tradeware Systems hired Clay Stobaugh as president. Stobaugh fills a post left vacant since November following the death of Tradeware president and founder Will Smithers. Stobaugh was most recently the managing director in the New York office of Applied Discovery. Tradeware also hired Bill Cadmus as product manager. Cadmus was previously with Lava Trading.

*E. Dudley Stephens and T. Sadler Stukes, Jr., are the associate directors in the equities division in the new Atlanta office of Sandler O'Neill and Partners (3423 Peachtree Road, NE, Suite 2050, Atlanta, Georgia 30326).

*Daniel Fox joined First Albany's listed desk as a position trader. Fox will trade technology, telecom and media stocks. Fox joins the firm from Turnstone Capital where he was head trader. He reports to Victor Pugliese, director of listed equity trading. Prior to Turnstone, Fox worked as a position trader at Thomas Weisel Partners.

*A popular Traders Magazine advertising sales representative has changed careers. Marnie Tetzlaff has decided to become a stay-at-home mom for her young son Aidan. Marnie, husband Chuck and their son live on Long Island, N.Y.