Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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July 31, 2004

Fast Track

By Editorial Staff

*Paul Paskalides joined Susquehanna International Group as a sales trader. Paskalides came from Charles Schwab where he was also a sales trader. Earlier, he was a sales trader at NDB.

*Miranda Mizen went to the American Stock Exchange as a market strategist. Mizen was previously an analyst in the securities and capital markets

practice at TowerGroup.

*Maureen McCarthy joined JMP Securities as co-director of trading. Previously, McCarthy spent six years at Robertson Stephens, where she was head of trading. Before that, McCarthy was a principal and Nasdaq trader at Montgomery Securities. She began her career as a Nasdaq trader with Kidder Peabody.

Lee Geiger also joined JMP Securities as director of sales trading. Prior to the move, Geiger spent nine years at Bank of America (formerly Montgomery Securities).

*Paul Cooper moved to HSBC Global Markets in London as global head of equity sector trading. Cooper joined from UBS in London where he was managing director, European cash equities.

*Peter Lewis joined HSBC Global Markets in London, as global head of equity trading. Lewis came from SG Securities in London where he was head of client trading group and global head of program trading.

*eSpeed named Stephen Bookbinder as senior managing director, global head of sales. Bookbinder will have a special focus on eSpeed's client service. He will report to eSpeed President Kevin Foley. Bookbinder joins eSpeed after 14 years at Bloomberg.

*Grace Vogel rejoined the New York Stock Exchange as executive vice president of member firm regulation. She served as managing director, member firm regulation from 1979 to 1992. She succeeds the recently retired Salvatore Pallante. Vogel came from Citigroup, where she served as deputy controller.

*Elon Spar moved to Cantor Fitzgerald in London. Spar will co-head Cantor's European third market operation with David Smith. Smith will retire at the end of the year. Spar joined Cantor from Credit Suisse First Boston in New York, where he worked for 17 years, most recently as a listed trader.

*Adam Nunes, director of strategy for Nasdaq Transaction Services, was named the head of Nasdaq Canada, which recently shuttered its Montreal office. Nunes, who will stay in his current post while adding this new position, will remain based in New York. He will continue to report to Chris Concannon, executive vice president of Nasadq Transaction Services. Nunes replaces Helen Kearns. She had been president of Nasdaq Canada since 2001.

*MicrocapTrade, Inc., a provider of intra-day OTC Bulletin Board and Pink Sheet data, appointed Spencer Olsen as president. He's a 35-year trading and technology vet. Olsen will work from Vero Beach, Fla., while the company establishes offices in New York City.

*Knight Trading Group said that John Bluher, who had been serving as its executive vice president and general counsel and director of Risk Management, is leaving Knight. Bluher is joining Janus Capital Group in Denver, Colorado, as senior general counsel and chief public affairs officer. Tom Joyce, CEO and president of Knight, said it will rely on outside counsel until a successor for Bluher is chosen.