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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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June 3, 2013

On the Move

By Editorial Staff

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  • 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


>> Imperial Capital recently added about a half dozen equities traders and sales executives. Joining the Los Angeles-based broker-dealer, which specializes in distressed securities, on the trading side is David Cooperman, formerly a distressed debt trader at UBS. On the sales side are Tony Greer, Tony Reiner, Philip Minardo, Yves Lefebvre and Dustin Sanza.

Greer was most recently a sales trader at Dahlman Rose & Co. Reiner spent the last few years at Cantor Fitzgerald as a sales trader. Minardo was a sales trader at Wall Street Access. Lefebvre worked both research sales and sales trading at Soleil Securities. Sanza worked on the research side at Wedbush Securities. All the hires will work in Imperial's New York office, except Sanza, who is based in Boston. The firm makes no distinction between sales traders and research sales executives, according to chief operating officer Mark Martis.


>> ITG hired sales trader Jeff Haise as a director to trade energy and industrials. Haise, a 20-year veteran, is responsible for providing high-touch execution, with a particular focus on companies covered by the firm's energy team. Prior to this, he served as a senior sector trader at Nomura Securities, Deutsche Bank, Bank of America Merrill Lynch and Goldman Sachs. He reports to Michael Marrale.


>>Evan Karp joined options brokerage Macro Risk Advisors as a sales trader in New York. Karp was previously in research sales at BMO Capital Markets.


>>Glenn Lesko was promoted to global head of client strategy and U.S. international and product sales at Instinet in New York. Lesko was previously chief executive of Instinet's Asia business.


>> Knight Capital Group hired sales trader Todd Rowan as a vice president in its institutional equities sales group. Rowan will be responsible for covering select institutional clients. A 22-year professional, he came from Deutsche Bank, where he spent the last three years responsible for sales and trade consultation of the Autobahn electronic equity trading platform for the bulge firm's Midwest clients. Prior to that, he spent five years at Liquidnet as a relationship manager for the Midwest region. He was also a trader at the Chicago Board of Trade specializing in treasury options and futures arbitrage from 1991 to 2005.


>>Joe D'Amico joined Ameriprise Financial Services as an investment analyst in the firm's Plano, Texas branch. D'Amico previously spent about a dozen years on the program desk at Southwest Securities in Dallas. He is also studying for a Certificate in Financial Planning at Southern Methodist University.


 

>>Justin Coppola was recently named head of ConvergEx's ADR desk. Coppola, an 11-year veteran, has been with the agency broker as a sales trader in ADRs since 2006. Prior to that, he was an institutional equity sales trader at Brown Brothers Harriman for three years. He reports to Andrew Levine.