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Spoofing, Surveillance and Supervision

Jay Biondo, Product Manager - Surveillance at Trading Technologies, co-authored an article along with James Lundy and Nicholas Wendland, both of Drinker Biddle & Reath LLP, reviewing the CFTC's regulations and expanding efforts, 21st century surveillance and supervision, as well as strategic recommendations.

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September 17, 2008

People On The Move

By Editorial Staff

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The National Stock Exchange appointed William K. Goodbody Jr. as an at-large director to its board and to the board of its parent company, NSX Holdings. Goodbody is director and head of market structure and exchange strategy at Knight Equity Markets, a subsidiary of Knight Capital Group. There, he oversees all market-structure-related issues such as quoting, trade reporting, market data and exchange-related fees. He works closely with Knight's senior management, IT, trading, compliance and operations, and serves as a liaison with exchanges and other market participants. Goodbody replaces fellow Knight exec James P. Smyth, who recently resigned due to time constraints.

Thomas Wittman became president of Nasdaq OMX PHLX, the former Philadelphia Stock Exchange. The appointment came as Nasdaq completed its acquisition of the Philly. Wittman was previously the PHLX's senior vice president responsible for managing the development of software and services. He was responsible for leading a team in transitioning the PHLX's options business from an open outcry, floor based specialist system to an electronic/hybrid system. Wittman will be based in Philadelphia and report to Adam Nunes, who became Nasdaq's head of U.S. options with the closing. Wittman takes over from Sandy Frucher, who ran the Philly since 1998. Frucher is now a vice chairman of the Nasdaq OMX Group, reporting to chief executive Bob Greifeld.

Xiang Li joined Rosenblatt Securities as a vice president in its transaction-cost-analysis group. Li works on improvements to the firm's models that allow clients to directly access and manipulate pre-trade and post-trade data. Before coming to Rosenblatt, Li was CFO of Tidetime Group, a Hong Kong-based design and manufacturing company. Li reports to Scott Burrill, a partner who heads the firm's TCA efforts.

Matthew Andresen and Timothy Brennan became board members of the International Securities Exchange. The two will act as representatives of ISE's primary market makers and competitive market makers, respectively. Andresen has been co-head of Citadel Derivatives Group and president of Citadel Execution Services since June 2004. Andresen also serves on the board of Direct Edge ECN. Brennan is a managing director with Merrill Lynch responsible for listed options and automated market-making business development.

The International Securities Exchange promoted Boris Ilyevsky to an officer position. As a managing director of the options exchange, Ilyevsky will oversee its growth and development. Ilyevsky has been with the ISE since 1999 and has held several positions in marketing, technology and market operations.

Bradley Duke joined Knight Capital Group as a managing director to head the firm's institutional electronic sales effort in Europe. Duke, who spent his previous eight years in electronic trading sales at Jefferies & Co., comes to fill a newly created position for Knight Capital Group in London.

Mary Freeman joined OMS provider Mixit as an account manager. Freeman, an 11-year veteran, was previously with BNY ConvergEx, where she worked as a relationship manager and on the electronic trading desk. She reports to Antonio Panos.

LaBranche Financial Services recently bulked up its cash equities staff. The new employees report to Michael O'Hare, senior managing director and head of equity trading and sales.

The following nine senior sales traders have joined LaBranche as managing directors: Tom Jennings, a 20-plus-year veteran, from Lehman Brothers; veteran Amira Bixby from Bear Stearns; Stuart Sharoff, also a Bear Stearns alum; Jacqueline Britt, with more than 15 years of experience, from Merrill Lynch; Jack Fernandez, a 15-year-plus veteran, from Merrill Lynch; Chuck Vernau, with more than a decade of experience, from JPMorgan; Dante Ferrarie, a longtime sales trading veteran from Merrill Lynch; Vanessa Jagenburg, a former Lehman Brothers veteran; and Wally McDonough, a veteran of more than 10 years, who joins LaBranche's Boston office from Prudential Securities.

In New York, veteran Patrick Boyle joins LaBranche as a managing director and position trader from JPMorgan. Willie Echeverri also joins as a senior vice president and position trader from Lehman Brothers. LaBranche also beefed up its capital markets area, hiring John Kelleher as a managing director from Banc of America Securities.

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