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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.

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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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January 21, 2010

People On The Move

By Editorial Staff

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  • People On The Move

Jarrod Yuster is co-founder and chief executive officer of Pico Quantitative Trading, based in New York. Pico is a brokerage that provides services to clients engaged in cross-asset electronic trading of securities. It was started with investments from Goldman Sachs and Knight Capital Group. Yuster was formerly in charge of program trading at Merrill Lynch.

 


 

Thomas Kim joined agency brokerage UNX as chief executive officer. Kim recently served as a managing director at Lehman Brothers and head of Townsend Analytics trading services. Prior to that, he was chief operating officer of EMS vendor TradingScreen. Kim replaces Scott Harrison, who has been UNX CEO since July 2006. Kim's hire coincides with a change in direction for the Los Angeles-based UNX, whereby the firm will emphasize its technology offerings over its brokerage services.


Vuk Bulajic has joined Ticonderoga Securities to launch its equity derivatives group in New York. Bulajic, a 25-year veteran, has helped build equity derivatives businesses for several large banks, including Lehman Brothers. He was previously head of U.S. equity derivatives at French bank Natixis for eight years, and held the same position at BNP Paribas for five years before that. He reports to Shawn McLoughlin, CEO and co-founder of Ticonderoga.


Dan Yu joins Townsend Analytics to head U.S. sales for RealTick, its EMS. Yu, a 17-year veteran who spent most of his career at Instinet, previously worked at Citi's LavaFlow. During his four years there, he ran the firm's sponsoring broker program and was co-head of business development. Yu is the host of the Wall Street Pink Slip Party, a charity and networking event he founded in 2004.


John Naudo joined Capital Institutional Services (CAPIS), as director of international trading. Naudo has more than 15 years of industry experience. Prior to joining CAPIS, he spent 12 years serving as the director of pan-European equities sales trading at Credit Suisse in London. He also worked on Merrill Lynch's desk as a pan-European equities sales trader.


Edward DeBiasi joins Susquehanna Financial Group's New York desk as its lead trader for the consumer sector. DeBiasi previously worked at Morgan Stanley, where he traded consumer and financial stocks. Last summer saw the addition of two other seasoned traders: Pat Quinn joined from Thomas Weisel as a senior trader in telecommunications, media and technology; and in July, Brian Knapp came aboard from JPMorgan as a senior trader for energy and industrial stocks.


Thomas Weisel Partners has added two sales traders.

Hank Lammens joins as a managing director and Kevin Travis joins as a director. Lammens, a veteran of more than 12 years, was previously with Bank of America Merrill Lynch. Based in New York, Lammens is responsible for covering accounts primarily in Texas and the Northeast. Travis spent the last six years as a sales trader, most recently with Soleil Securities. Based in San Francisco, Travis will focus his efforts on expanding the firm's middle-market account coverage in the U.S., as well as in Europe.