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Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

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November 11, 2009

Cover Sidebar: Piper's Talent Grab

By James Ramage

Piper Jaffray, like other mid-tier shops, has jumped at the opportunity to hire top equities trading talent over the last 18 months.

The roll call begins with Charles Galligan (MD), who runs the electronic businesses (from Bear Stearns via JPMorgan). Terry McCabe (MD) co-runs the New York sales trading effort (from Bear Stearns). Andre Dore (MD) is a New York-based sales trader (from UBS).

Dan Welch (MD) runs convertible sales and trading (from Bear, via JPMorgan). Bob Austin (MD) is head trader on the convertible bond desk (from Bear via JPMorgan). Doug Aronstein (principal) runs program sales and trading (from Banc of America Securities). John Ritter (principal) is a program trader (from Banc of America Securities). Ryan Quinn (principal) is a sales trader (from Wachovia).

Jeremy Kopcsik (VP) in New York handles institutional sales (from JMP Securities). Steve Yamane (MD) is a Boston-based sales trader (from Cowen & Co.). Tom Fletcher (principal) is a Boston-based sales trader (from Fidelity's buyside desk). Troy Broughman (principal) is in convertible sales (from Credit Suisse via ICAP).

Scott Sullivan (MD) is in Boston institutional sales (from Jefferies). Jeff Vickers (VP) is in Boston institutional sales (from SunTrust). Dale Favors (principal) is in algorithm sales (from RBC). And Greg DeSalvo (principal) is head of commission management (from Goldman Sachs Asset Management).

 

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