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November 1, 2012

On The Move

By Editorial Staff

Also in this article

Who's moving on the Street in equities and derivatives? Traders Magazine's OTM--On the Move--brings that info right here.

If you've gotten a new job or promotion, let us know at


>> Citadel Execution Services hired nine market makers and one product development specialist for its growing over-the-counter desk.

Christopher Amato, a 19-year professional, comes on board as head trader. Amato has spent his entire career in stock trading and held head trader positions at four other firms: E*Trade, GMST World Markets, International Assets Advisory and Raymond James. He will lead Citadel's OTC desk trading domestic and international equities. Amato will also build an NMS equities trading desk. He reports to Jamil Nazarali.

Steve Carolus, a 25-year veteran, joins Citadel as senior sales trader. Carolus worked at E*Trade for the last nine years. He was the senior sales trader and helped start an international market-making desk. At Citadel, he will focus on starting an international and domestic OTC trading desk.

Patrick Burns, a 14-year trading pro, joins as an international equity sales trader. Burns also comes from E*Trade, where he worked for eight years as a market maker in Canadian and international securities.

Justin Prouty, a 16-year vet, joins as a senior international market maker. An E*Trade alum as well, Prouty worked there for nine years. He was a founding member of the firm's international market-making desk.

Mark Stehli, a 12-year vet, comes on board as a sales trader from Knight Capital, where he spent his whole career. At Knight, he was a director of cash trading for its market-making business.

John Kane, a veteran with 13 years' experience, enlists as a sales trader on Citadel's cash desk. Kane spent his whole trading career at Knight Capital, where he was a director of cash trading in its market-making business.

Michael Donofrio, an eight-year pro, comes on board as a sales trader on the cash desk. Donofrio, who has spent his career at Knight, served as a cash sales trader for the last six years in the firm's market-making business.

Bill Orsini, a 15-year sales trader, comes from Avatar Securities after a five-month stint there. Orsini has more than 10 years' experience as a market maker.

Niki McNeil joins Citadel as an international market maker. With eight years in the business, McNeil previously worked at E*Trade and will assist in international and domestic OTC trading at Citadel. Carolus, Burns, Prouty, Stehli, Kane, Donofrio, Orsini and McNeil all report to Amato.

Away from the trading desk, Noel Dalzell joins Citadel as a vice president and head of strategy and new product development. Dalzell, a 15-year pro, was most recently at Knight Capital, where he was director in broker-dealer electronic sales. Prior to Knight, he spent 12-years at E*Trade as vice president of trading. He will focus on inbound and outbound off-exchange trading and liquidity. He reports to Marty Mannion.



>> Portware has hired three professionals--Frank DeCicco, Larry Liermann and Savyona Abel--in senior positions.

DeCicco, an 18-year pro, spent the last eight years at ITG, most recently as director in its sales and trading group. In that role, he focused on buyside trading technology. He also has completed stints at Macgregor Financial, RBC Dominion and Merrill Lynch.