Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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December 1, 2012

On The Move

By Editorial Staff

Also in this article

  • On The Move

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 onthemove@sourcemedia.com


>> Brown Advisory, a Baltimore-based money manager with about $31 billion in client assets, hired Chris Bartlett. Bartlett, a 27-year veteran comes, from Wells Fargo Securities, where he was head of equity sales and trading. He leaves the firm as it undergoes a restructuring of its equity and fixed-income groups. Earlier, he was with Wachovia as a result of that bank's takeover of First Union. Before that, he had joined First Union's Nasdaq trading desk in Baltimore in 1999 from Alex. Brown & Sons, where he spent 12 years on its Nasdaq OTC desk. He started his career in 1985 at Kidder Peabody as an equity sales trader.


>> Institutional broker Wall Street Access hired a dozen ex-Rodman traders, as Rodman & Renshaw pursued a change in business strategy. Veteran trader Dana Pascucci will launch a new market-making operation for Wall Street Access. Pascucci, a 15-year veteran, joins as a managing director responsible for institutional sales and trading. Along with Pascucci, coming on board from Rodman are Vincent Pelosi, Dean Esposito, Patrick Clarke, Gregg Bouwmans, Joseph Grieco, Matthew Treacy, Thomas Ajello, James Fradella, Rob Trimble and Keith Knox.

 


 

>>Matthew Rowley, formerly with French brokerage CA Cheuvreux, has formed a software and consultancy firm called Quantarena in Princeton, N.J. A 16-year veteran, Rowley will focus on transaction-cost analysis, alpha generation tools and technology. He spent more than three years at CA Cheuvreux as head of alternative execution services and the quantitative trading team for the Americas. Before Cheuvreux, he was global product manager at order management systems vendor Fidessa and did a stint in quantitative research at First Chicago.

 


 

>>Kevin Gardner joined Ladenburg Thalmann & Co. as a managing director in the firm's Boston office. Gardner, a 12-year pro, previously spent three years as director of sales at institutional brokerage WJB Capital Group in Boston. That firm shut down, due to financial problems, in January. Before working at WJB, Gardner spent nine years as a managing director at Natixis Bleichroeder.

 


 

>>Jon Ledwick joined Craig-Hallum as a sales trader in the Minneapolis-based firm's Boston office. Ledwick spent the last five years as managing director of sales trading at ThinkEquity Partners. Prior to that, he did trading stints at Leerink Swann and Adams, Harkness & Hill.

 


 

>>Richard Barnett joined Liquidnet as global head of product. Barnett, an 11-year pro, is responsible for overseeing, expanding and integrating Liquidnet's products and will be based in New York. He comes from Thomson Reuters, where he was global head of product management responsible for real-time news, messaging, analytical products and desktop design strategy. Prior to that, he spent more than 12 years at Bloomberg overseeing the development of its messaging and compliance platform, portfolio analytics, news and mobile products. He reports to chief operating officer John Kelly.