Commentary

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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November 2, 2011

On The Move

By Editorial Staff

Also in this article

  • On The Move

>> Cowen Group hires two longtime partners-Keith Kurzner and Kyle Solomon-to head its options and event-driven strategies group. They will be responsible for growing the firm's presence in institutional options and launching its event-driven strategies group, which will include both equity and options sales and trading. They will be based in New York and will report to Tom O'Mara, Cowen's head of institutional derivatives. Kurzner and Solomon have been business partners for 17 years. They recently worked at RBC Capital Markets and, prior to that, at CIBC/Oppenheimer, where they were responsible for establishing and leading similar businesses.

 


 

>> CastleOak Securities has expanded its equity sales and trading division with Patricia Koetzner and Mitchell Ginsberg. Koetzner joins as managing director and head equity trader. She will focus on new business generation. She was previously a vice president of Barclays Capital and was responsible for expanding revenue in equity trading. She is a former Nasdaq market maker for Neuberger Berman, Gruntal & Co. and Dominick & Dominick. A 20-year veteran, Ginsberg joins as a managing director and equity trader covering institutional accounts. He was previously a vice president of equity research sales and trading at Rodman & Renshaw. Earlier in his career, Ginsberg was a principal market maker and traded distressed stocks. He worked at Citigroup Global Markets, TD Waterhouse Capital Markets and Neuberger Berman.

 


 

>> Jon Fatica joins execution management systems vendor TradingScreen as co-head of analytics, based out of the firm's New York office. Fatica comes from Investment Technology Group, where he had been developing that firm's transaction-cost analysis unit since 2002. He has provided thought leadership and expertise to the buyside marketplace for more than 300 institutions, leading a staff of consultants, analysts, client-support and technology professionals. Prior to joining ITG, Fatica managed consulting engagements in the financial services practice for KPMG. His career also included stints at J.P. Morgan, First Boston, Bankers Trust and Lazard Asset Management, in positions including risk management, portfolio management and fixed income trading.

 


 

>> Annamarie O'Neill joins RBC Capital Markets as a director, in the firm's U.S. equities sales and trading group. O'Neill was previously the senior sales trader at Execution Noble. Before that, she spent 10 years as an institutional block trader and sales trader at Goldman Sachs. She reports to Michael Marrale, head of U.S. sales trading and desk sector strategy.

 


 

>> Stephen Parish joins privately owned investment bank Dahlman Rose & Co. as managing director for equity capital markets. Parish, a 25-year veteran, previously spent two years at Cantor Fitzgerald, where he was a managing director and global head of equity capital markets. He also spent more than 20 years at Bear Stearns & Co., holding various senior management positions, including global head of the equity transactions group. He reports to head of equity capital markets Matthew Rovelli.

 


 

>> ConvergEx has names Michael Hutner and A.J. De Rosa as co-heads of global sales for the firm's Eze Castle order management system. In their respective roles, De Rosa will focus on new client sales, while Hutner's primary role is business development with existing clients. Based in New York, they report to chief executive Tom Gavin.