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Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

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September 9, 2009

People On The Move

By Editorial Staff

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  • People On The Move

Paula Mahoney recently retired as director of equity trading from the private wealth management division of BNY Mellon. Mahoney spent the last 15 years of her career in her current role at the Pittsburgh-based money manager. Before joining Mellon Bank, she spent eight years running trading at Key Asset Management in Cleveland. Mahoney started her securities career at Louisiana Bank & Trust, where she established a discount broker, and later went on to run broker-dealers within banks for nearly a decade. Mahoney has relocated to Chicago and says she is enjoying spending time with family and friends.   


Nomura Securities International, the U.S. broker-dealer division of the Nomura Group, hired Ciaran O'Kelly as managing director and head of equities, Americas. O'Kelly's responsibilities include all liquid markets, derivatives and prime services at NSI. He is based in New York City and reports to Shigesuke Kashiwagi, chairman, president and chief executive of NSI and globally to Rachid Bouzouba, managing director and head of equities. O'Kelly joins NSI from Bank of America, where he was head of global equities for seven years. Prior to that, O'Kelly worked at Smith Barney/Citigroup for 11 years, finally as head of equity trading. O'Kelly hails from Ireland.  


Matthew Rowley joined CA Cheuvreux, the brokerage arm of Credit Agricole, as head of quantitative trading. He will lead CA Cheuvreux's algorithmic trading initiative from its New York office. Rowley has more than 14 years of experience. Previously, he worked at Fidessa, where he was responsible for the design and product management of the vendor's BlueBox algorithmic product, basket algorithms and pairs trading products.  


Retail and institutional broker StockCross Financial Services launched a U.S. market-making business. The firm added seven traders who specialize in over-the-counter securities from Hill, Thompson, Magid & Co.'s recently shuttered market-making group (see Inside Trading story).

All seven are based in Jersey City, N.J., where they make markets in Bulletin Board, Pink Sheets and small-cap names for institutional and retail customers. Each holds the same position.

Nicholas DeMaria, a managing director, leads the equities group. Anthony Gulemmo, a 15-year veteran, is a senior vice president who specializes in preferred/convertible trading. Tim Padala, a 15-year veteran, is a vice president who concentrates on bank stocks, as well as rare and inactive trading securities. Thaddeus Berdzik, a 10-year veteran, specializes in distressed equities/bankruptcy trading. Adam Piervincenzi and Matt Lomas focus on high-frequency Bulletin Board and Pink Sheets trading. Rob Alessi specializes in preferred and convertible trading. Jane LaGennusa, who joined the firm last year, concentrates on broker-dealer sales and trading.  


Alan Rubenfeld joins UBS as an executive director on the U.S. portfolio-trading desk in Stamford, Conn. Rubenfeld, a Wall Street veteran of more than 20 years in program trading, spent 18 months at BNP Paribas before joining UBS. Prior to that, he worked 10-plus years for Deutsche Bank. Rubenfeld reports to Kieran Kilkenny, also an executive director on the U.S. portfolio-trading desk. Rubenfeld is responsible for covering U.S. accounts.