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February 16, 2007

On the Move

By Editorial Staff

Adam Futterman joined New York Stock Exchange floor brokerage W.J. Bonfanti as director of options sales and trading. In the newly created position the exec will spearhead the building and supervision of Bonfanti's agency option trading platform. Futterman, a 14-year industry veteran, was most recently with Schottenfeld Asset Management, where he was responsible for equity and derivative strategies. Prior to that, he spent a combined nine years at Goldman Sachs (four years) and Spear, Leeds & Kellogg (five years). At the end, he was a vice president in Goldman's U.S. equity products group.

Michael Walinskas was promoted to senior vice president of risk management and membership at the Options Clearing Corporation (OCC). Walinskas previously headed OCC's business development efforts since 2001. Susan Milligan was promoted to take Walinskas' former post of executive director. Milligan was previously senior vice president and special counsel, government relations.

The Boston Options Exchange hired Scott Morris as chief executive officer, a new position. Morris was most recently a consultant providing quantitative modeling and computational trading support to clients in the stock and options trading environment. Before that, Morris was a managing director in the automated trading and execution group at Goldman Sachs. His responsibilities at Goldman centered on improving the automation of the trading and execution business in the equities division.

JonesTrading recently hired eight new sales traders in five cities. Paul J. Farrington, previously with Robinson-Humphrey, joined as branch manager of the firm's Atlanta office.

In New York, four sales traders joined Jones: Ilan Adika and Charles Seaman, both previously with NYSE-member firm Clancy's on Wall; Alex Robson, formerly of TD Newcrest, and Ed McCabe, previously with Narragansett Asset Management. All report to Joseph DiChiacchio.

In Boston, Tim Vetrano, previously with Morgan Keegan, reports to Herb Harvey. In Greenwich, Andrew P. Walsh, previously with UBS, joined and now reports to Clint Brown.

In San Francisco, Kristi P. White, previously with Wells Fargo Securities, now reports to Michael Gammel.

James Brigagliano has been promoted to associate director for trading practices and processing in the Securities and Exchange Commission's Division of Market Regulation. An official in the division since 1998, Brigagliano oversees its regulatory programs covering areas such as clearing and settlement and the enforcement of the liaison function.

Robert McSweeney, a longtime executive of the New York Stock Exchange and a key player in the implementation of its hybrid plan, has retired. McSweeney was most recently NYSE's senior vice president, competitive position. He joined the Big Board in 1974. McSweeney was an officer of the exchange for some 20 years, having served on the NYSE's management committee.

"Bob is among the most knowledgeable and adept professionals in our industry," said John Thain, CEO, NYSE Group. "It's been particularly exciting to play a role in the continuous evolution of the marketplace over the years," McSweeney said. In honor of his 32 years of service, McSweeney was chosen to ring the closing bell on January 4.

Bill Sanford, Boots Leahy and Dan Kinsella have left thinkorswim to start an institutional trading desk at Kildare Capital, Radnor, Pa.