John D'Antona Jr.
Traders Magazine Online News

CANNABIS CORNER: Funding Without Prejudice

It might be getting a whole lot easier to inhale if one is in the cannabis industry.

Traders Poll

Are you ready to comply with the new updates required by the amended Rule 606?

Free Site Registration

July 31, 2003

Fast Track

By Editorial Staff

*Schwab Capital Markets named a veteran trader, Bill McLaughlin, as vice president of listed sales. McLaughlin joins Schwab from Bear Stearns, where he was head of listed sales. McLaughlin reports to James Raphalian, head of institutional sales at Schwab. In January, Schwab nabbed Tom Limerick from Bear Stearns to run its listed desk. Limerick spent 20 years at Bear.

*Gary Muehlemann joined Adams, Harkness & Hill as a sales trader for its New York office where he will lead daily institutional sales trading activities. Muehlemann operated out of Boston pending the formal opening of the Big Apple hub. He was previously vice president of U.S. shares sales trading at Goldman Sachs.

*Alexis Glick joined cable-tv's CNBC as a reporter on its morning Squawk Box program. Glick was previously an equity trader for seven years at Morgan Stanley. In her last position, she was in charge of Morgan Stanley's floor trading operations at the New York Stock Exchange.

*Wien Securities hired a group of new traders who include Adam Brickner, Eric Anderson, Al Ricciardi, Andy Shapiro, Harris Herman, Mike Mignano and Scott Rogoff. The ranks of the sales force were also swollen by several new pros including Marty Leitzes, Larry Sweetwood, Jon Shelley and Paul Aprigliano.

*Dave Leone joined alternative trading system Liquidnet as vice president of business development. Leone previously worked for a competitor Harborside+, as vice president of sales and marketing. Leone is the second top exec to exit Harborside+ in recent months. Richard Holway left at the end of last year.

*Jim O'Donnell is taking command of U.S. equities at Citigroup, as of Sept. 1. O'Donnell, who is being reassigned as head of equities in Europe, will be replaced by Jim Cowles. Cowles was previously head of Citigroup's global equity capital markets.

*Stacey McNulty moved to connectivity shop Tradeware Systems as senior sales representative for the New York Stock Exchange trading floor. She will direct all aspects of Tradeware's floor operation including training, customer service and technical support. McNulty was previously with NYFIX where she managed NYFIX's floor operation, providing technical support and software training. Prior to NYFIX, she was vice president of the direct access group at Brean Murray.

*UBS Investment Bank (formerly UBS Warburg) named a head of U.S. equities institutional electronic trading. He is Will Sterling, previously president of the Island ECN division of Instinet. Sterling was also chief technology officer of Island. Alex Goor, Instinet's executive vice president for strategic planning, will now lead Instinet's ATS/ECN initiatives.

*Knight Trading Group hired a five person group from Citigroup to trade foreign stocks, including locally traded shares worldwide and ADRs. Robert Roberto joined as managing director of international sales trading and will lead the team. He was responsible for launching Smith Barney's international sales trading business in 1992. Reporting to him are Harry Bourque, Conrad Hopkins, Doug Modico and Michael Varano.

*Former Giants pro football player Mark Bavaro joined GGET, an institutional sales trading firm in Greenwich, Conn. Bavaro, who played tight end with the Giants from 1985 to 1994, was hired as a sales trader in GGET's Boston office." He reports to a former Giants teammate Phil McConkey, a GGET executive vice president.

*Stephen Blatney joined Nasdaq as vice president of transaction services. He will head up sales for the group. Blatney was previously head of sales for NYFIX Millennium, a subsidiary of NYFIX.