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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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April 2, 2012

On the Move

By Editorial Staff

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  • On the Move

 

If you've gotten a new job or promotion, let us know at onthemove@sourcemedia.com

>> Dan Mathisson was named head of Credit Suisse's U.S. cash execution and trading-a new position for the firm and the algorithmic trading executive. The new job gives him oversight over the high-touch trading desk. Mathisson had a senior role in launching Credit Suisse's electronic trading platform, AES, which he will continue to run along with program trading. He reports to Steve Garnett and Mike Paliotta, both managing directors and co-heads of equities in the Americas.


>> Alfred Eskandar was named the new chief executive at Portware, a provider of multi-asset trading systems. Eskandar, an 18-year veteran, was most recently Liquidnet's head of U.S. equities. He started there as the crossing network's head of marketing, where he helped shape the global firm's brand identity. He then ran global corporate strategy, overseeing strategic initiatives, alliances and investments. During his tenure, he led Liquidnet's acquisition of Miletus Trading, a quantitative and program trading broker-dealer. There, he served as president and chief executive during its integration.Portware's chief operating officer Scott DePetris was given an expanded role and is Portware's new president. He reports to Eskandar. Portware founders Eric Goldberg and Ary Khatchikian will chair a newly formed board of directors. Eskandar reports to them.


>> Tom Rice, a longtime Nasdaq sales trader and executive at Credit Suisse, retired in February. After rising to head U.S. equities sales trading at Credit Suisse, Rice moved to human resources in 2007 to head a new internal mobility initiative that grooms talented employees for senior roles in the firm. Rice spent 26 years at Credit Suisse, including 21 in trading, where he helped build its Nasdaq desk into a powerhouse. He will continue as an executive coach. Rice, a former co-chair, sits on the board of Wings Over Wall Street, whose annual industry gala has raised millions of dollars for the Muscular Dystrophy Association and ALS (Lou Gehrig's disease).


>>Hitesh Mittal joins AQR Capital Management as head of algorithmic trading. Prior to moving to AQR in January, Mittal spent nearly 11 years at ITG, where he was head of liquidity management and earlier ran algorithmic trading. He began his Wall Street career as a consultant at Merrill Lynch after spending three years as a software engineer at Siemens.


>>Jim Muller joins Weeden & Co. as a senior business development manager in the electronic products group. Muller, with more than 20 years experience, was previously a managing director and head of business development at ITG, where he spent 14 years. Prior to that, he worked at Fidelity Capital Markets and headed New York institutional sales. That came after a six-year stint at Institutional Investor's conference division, where he ran three groups, including TraderForum.


>>Steve Pickett joins GXS, a global provider of cloud-based connectivity and data services. Pickett, a 26-year veteran, joins as an account executive in Chicago and will be focusing on capital markets in the firm's financial services division. He was previously with Firm58, where he spent two years. Pickett started his career with Bridge Trading before moving to Reuters as a senior vice president in sales. He reports to Marc Sprecher, GXS's senior vice president of sales in financial services.