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April 2, 2012

On the Move

By Editorial Staff

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>>Fred Graboyes joins Liquidnet as global product manager in its quantitative strategies group. Graboyes, a 19-year pro, most recently worked at Savvis as a senior design engineer building low latency trading systems and market data designs for high-frequency traders. He also was founder of TradeTrek Securities in 2002, a privately held agency broker-dealer and provider of algorithms and program trading services. Graboyes also created the quantitative equity trading group at Bank of New York and did a stint at Abel/Noser. He reports to Scott Harrison, who heads global product.

>>Cagatay Culcuoglu joins equity research firm Sabrient Systems as head of global product management. Culcuoglu, an eight-year veteran, held a similar role at Thomson Reuters. At Sabrient Systems, he will focus on planning and developing new products, indexes and exchange-traded funds for the institutional market. He reports to president Scott Brown.

>>Richard Brown joins MKM Partners' sales trading team as a managing director and member of the firm's operating committee. Brown was a co-founder and head equity sales trader at American Technology Research (later Gleacher & Co.) and a partner at SoundView Technology Group. Prior to that he was a listed sales trader at Merrill Lynch.

>>Jason Tobias joins Triad Securities Ltd. as managing director and chief business development officer for the New York-based brokerage firm's London office. Tobias, a 15-year veteran, will look to expand Triad's presence in Europe. Tobias was previously at Millennium Partners, where he spent his entire career. He joined as a trader in 1996 and moved to head the European trading desk in 2000, where he spent eight years.

>>Christopher Weekes joins Dahlman Rose & Co. as a managing director and co-head of its firm's new OTCQX Markets Group. Prior to joining Dahlman Rose, Weekes was head of the institutional equity sales and trading at Madison Williams. Weekes, with more than 10 years experience in equities, was also a senior institutional sales trader at Oppenheimer & Co. and CIBC World Markets.

>>Joe Tama joins Vandham Securities as a managing director in the firm's international equity sales trading group. Tama, a 29-year trading veteran, began in 1968 at Carl Marks & Co. in the back office, before moving into trading in 1982. He has worked at Smith New Court, Merrill Lynch and Bank of America Merrill Lynch. At Smith New Court Tama created the international broker-dealer desk. The firm was acquired by Merrill Lynch in the mid-90s. He reports to Chris Catrini, who heads OTC trading.

>>John King joins AX Trading as managing director and head of sales. King, a veteran of more than 20 years, is responsible for the raising the profile and the amount of flow going into AX, a new call-auction ATS for single stocks. He was one of the founding employees of Liquidnet, where he launched the Midwest sales region in 2001 and Liquidnet Canada in 2006. King reports to Peter Jenkins, president and head of institutional equities.

>> Getco named former UBS veteran Daniel Coleman its new chief executive officer. Coleman, a 25-year veteran, had been the global head of equities and client services at Getco since joining the firm in 2010. Prior to that, he was global head of equities for UBS and served on the executive committee of its investment bank. He began his career at O'Connor & Associates, a trading firm focused on options market making that later became part of Swiss Bank Corp. As chief executive, Coleman will focus on enhancing Getco's core market-making business.

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