Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

Traders Poll

Is information leakage a major concern of yours when you trade?



Free Site Registration

April 1, 2011

People On The Move

By Staff Reports

Also in this article

  • People On The Move

Wall Street Access added three sales traders from LaBranche Financial Services, the institutional trading arm of the longtime specialist firm that is merging with Cowen & Co. William Barker, a 12-year veteran who spent eight years at LaBranche, joins as a senior vice president. Louis Puglisi, a 10-year veteran who spent five years at LaBranche, joins as a vice president. Eugene Riggio, a 13-year veteran who spent six years at LaBranche, also joins as a vice president. The new sales traders report to Sean Kelleher, a managing director for equity sales and trading.


Michael Palamaro joins ThinkEquity as a sales trader and a director. Palamaro, a 24-year veteran, previously covered accounts for Abel/Noser Corp. for three years. Prior to that, he worked at Jefferies & Co. and Raymond James. Palamaro, whose focus will be accounts in New York and the Midwest, reports to Phil Johnston, who heads the equities effort at ThinkEquity.


Todd Rich joins NYSE Technologies as a director based in its Chicago office. An 18-year veteran, Rich will focus on offering clients flexible and scalable end-to-end electronic trading solutions. Prior to this, he was a former trader on the floor of the Chicago Board Options Exchange and has held business development positions with Eurex and Boston Options Exchange. He reports to managing director Josh Clifford.


Chris Jackson joins AGF Investments, a Canadian-based money manager, as chief information officer and senior vice president of IT and operations. Jackson, a five-year professional, comes from Belzberg Technologies, where he spent two years as president of Canadian operations. He reports to chief operating officer Judy Goldring.


Adena Friedman, the former chief financial officer at Nasdaq OMX, has taken a similar position at private equity firm Carlyle Group. Friedman, who joined Nasdaq in 1993, oversaw many of Nasdaq's acquisitions in recent years, including the Island ECN, OMX and the Philadelphia Stock Exchange. Friedman becomes the eighth female partner at Carlyle, which has 94 partners.


U.S. Capital Advisors made two hires. It brought on Bradley Stammen as a managing director and head of institutional trading. It also hired Clint Turner as a director of institutional trading. Stammen was head trader and chief operating officer of business development at SteelPath Capital Management. Turner has been an equity sales trader for more than 15 years, working for Banc of America Securities, Southwest Securities and Pulse Trading. U.S. Capital, based in Houston, recently launched its institutional client business.


Borje Ekholm was added to Nasdaq OMX's board of directors. Ekholm, a 23-year veteran, is president and chief executive of Investor AB, a Nordic-based industrial holding company he joined in 1992. Prior to this, he worked at McKinsey & Co., a management consulting firm that advises leading companies on issues of strategy, organization, technology and operations. Ekholm sits on the boards of directors for Chalmersinvest AB, EQT Partners AB, Husqvarna AB, Lindorff Group AB, Scania AB, Telefonaktiebolaget LM Ericsson and KTH Royal Institute of Technology.