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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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March 18, 2010

People On The Move

By Editorial Staff

Also in this article

  • People On The Move

Jason Valdez joins Penserra Securities as a managing director and will lead the firm's effort to expand program trading. Valdez, a 16-year veteran, came from Rosenblatt Securities, where he spent four years in New York as director of trading. Earlier, he worked on the transition management desk at Russell Investment Services. Initially he will be based in New York, but will then move to the company's California trading desk. Valdez reports to George Madrigal, Penserra's CEO and president.

 


 

Stuart Frankel & Co. has added former buyside traders Bob Rasile and Jamie Atwell to its staff. Rasile joined Stuart Frankel in January as senior vice president of institutional sales. A 23-year trading veteran, Rasile is based out of Charlotte, N.C. He joins from Sterling Capital, where he spent five years as a principal and senior equity trader. Earlier, he ran Evergreen Investment Management's Charlotte desk for 10 years. Atwell joined the firm last summer from Nicholas Investment Partners and wears two hats. An 18-year veteran who formerly headed global trading and was a partner at Nicholas-Applegate Capital Management, he handles sales for the West Coast; he also trades Asian stocks overnight during market hours. Atwell is based in San Diego.

 


Puma Capital has beefed up its trading staff in New York. Bernadette T. Princiotta joins as a sales trader. Princiotta, a 25-year veteran and longtime buysider at Fiduciary Trust, joins from UBS Securities after a decade there. Stephen Cudjoe comes to Puma as a trader after eight years as a market maker at UBS' wholesale desk. In September, Puma tapped Carmine Gizze as director of international trading. Gizze, a 30-year veteran formerly of HSBC, was hired to build an international equities sales and trading desk. All report to Steven Kosson, who heads trading.

 


 

 

Brian Crowley joined high-frequency trading platform developer FTEN to lead its global expansion as a managing director. Crowley is building a service and support team in the firm's New York headquarters, which he'll expand to include offices in Europe and Asia. Crowley arrived from JPMorgan, where he was an executive director in electronic trading product development for broker-dealer services.

 


 

Gary Hill joins Jefferies & Co. as a managing director and senior international equity trader. He is responsible for Latin American cash equity trading. Hill, a veteran of more than 17 years, spent his last seven years at Deutsche Bank, where he was the North American head of emerging markets cash equity trading. Before Deutsche Bank, Hill was a director and senior trader for Europe and emerging markets at ING Barings, where he spent six years.

 


 

Madison Williams and Co., which recently bought the principal capital markets business of Sanders Morris Harris Group, hired Michael Gantcher as head of equity sales and trading and Chris Weekes as head of equity trading. Gantcher was most recently director of marketing and investor relations at an energy hedge fund. Before that, he was head of institutional equity sales at Oppenheimer & Co. Weekes was most recently on the trading desk at Oppenheimer & Co.