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April 1, 2004

Fast Track

By Editorial Staff

*Charles Kennedy III was named head of institutional sales at Crown Financial. Kennedy spent the previous four years in Knight Trading Group's Nasdaq market making division. Most recently, he was in charge of trading technology at Knight.

*Keith Jamaitis was named president of NYFIX USA, a part of NYFIX. He joined NYFIX in 1997. He was formerly chief operating officer of NYFIX USA. Prior to that, he led the project management, account management, and product support teams. Jamaitis will be responsible for revenue and business development for the brokerage business as well as the Javelin and Renaissance product lines.

*James Bryson was appointed interim president of Elkins/McSherry, the transactions cost analysis research company. Bryson has been with Elkins/ McSherry a decade, carrying the title senior managing director and sales manager for the past seven years. The appointment follows the acquisition by State Street of a remaining minority interest in Elkins/McSherry. The data company is now a wholly-owned subsidiary of State Street. Elkins/McSherry co-founder, Richard McSherry, will remain with State Street as an independent consultant. James Elkins will retire.

*Lars Hamlich, executive director of global business development for Dow Jones Indexes, was named the managing director of STOXX Limited, which is a European index provider. STOXX is a joint venture of Deutsche Boerse, Dow Jones Indexes and the SWX Swiss Exchange. Hamlich will be responsible for the day-to-day management of STOXX Limited. That will mean he will run its strategic planning and positioning. He will also identify strategic business initiatives and develop new licensing opportunities for the pan-European family of Dow Jones STOXX indexes globally.

*Janet Angstadt was been named deputy general counsel of Archipelago Holdings LLC. She had been serving as associate general counsel since 1999. Angstadt, who also serves as chief regulatory officer, will manage the company's legal team. She will establish policy and advise on regulatory matters.

*Patrick Healy joined the Nasdaq Board of Directors. He is an independent director. Healy will also serve on finance and policy committees of the board. Healy is a managing director at Hellman & Friedman LLC. His primary areas at Hellman are media, financial and professional service industries, as well as the firm's European activities. Healy replaces F. Warren Hellman, chairman of Hellman & Friedman LLC. Hellman had been serving on the Nasdaq board since 2001.

*Alan Cohen joins Goldman Sachs as global head of compliance. He will report to the executive office and become a member of Goldman's management committee. Cohen joins the firm after more than a decade as a partner at O'Melveny & Myers. Before his stint at O'Melveny, Cohen had about a decade of experience as an assistant U.S. attorney. He served in the Southern District of New York.

*Thomas Lockburner, a veteran of the accounting industry, was named to the Knight Trading Group Board of Directors. Lockburner spent some 40 years with Deloitte & Touche LLP. He specialized in the financial services and securities industries. At Deloitte, he joined the firm in 1961. He was later named partner and retired in 2002.

*The Depository Trust & Clearing Corporation (DTCC) appointed Steven Carey as vice president of Security. Carey will be responsible for overseeing internal security at DTCC's multiple locations, as well as establishing key relationships with government agencies dealing with the U.S. financial market and its infrastructure. He will also serve as a member of DTCC's Business Continuity Planning Unit. Carey joins DTCC after spending more than 20 years with the U.S. Secret Service.