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July 2, 2013

On The Move

By Editorial Staff

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>>Peter Grace joined Nasdaq in equities sales. Grace previously held a similar position with NYSE Arca for more than 10 years.

>>BTIG made three hires in its New York and Atlanta offices. In New York, BTIG brought on Glen Sulam and Patrick Boyle. Sulam joined as a managing director and a sales trader, covering large institutional clients. He spent 14 years at UBS, where he was head of cash trading and sales trading. Boyle joined as a managing director and a sector trader. Boyle was most recently at CRT Capital Group. Before that, he was at FBR Capital Markets. In Atlanta, BTIG brought on Stephen Sibilia as a director and a sales trader. Sibilia was most recently at Macquarie Securities, where he covered U.S.-based hedge funds and mutual funds.

>> Investment Technology Group added three pros to its program trading and single-stock desks. On the portfolio side, ITG hired two from Knight Capital Group. Jenkins Marshall joined as a managing director and head of U.S. portfolio trading. Tom Caputo also joined as a managing director on the desk. Both traders spent nine years at Knight. They report to Mike Marrale, ITG's head of research, sales and trading. The brokerage also hired Brian Fenske from Nomura Securities as a sector trader covering technology, media and telecommunications.

>>Shane Swanson rejoined Citigroup as president of its Automated Trading Desk unit. Swanson was previously in charge of compliance at ATD before departing in 2010 to launch a start-up market-making firm, Eladian Partners. That firm shut down last year. Swanson and his brother Steve Swanson founded ATD in the late 1990s and sold it to Citi in 2007.

>>Andrew Larkin, a longtime electronic trading executive, joined Bloomberg Tradebook. Larkin left Investment Technology Group in December as a result of downsizing. The executive spent nearly 20 years at ITG in two stints, with various sales and management responsibilities. Larkin holds similar duties at Tradebook as a "team leader."

>>Mike Riley joined Wells Fargo Securities as co-head of equity trading. The veteran equity derivatives trader will partner with Matt Brown to run the desk. As part of his remit, Riley will help build out Wells' equity derivatives business. The exec spent most of the past 12 years as an equity derivatives trader at UBS, where he was co-head of the operation between 2009 and 2012.

>>Geffery Gioia joined Northcoast Research in Cleveland as a sales trader. He was previously at Longbow Research and, before that, at Midwest Research/FTN Equity. Gioia is on the board of the Security Traders Association and is a past president of the STA's Ohio chapter. Northcoast was spun out of Gioia's original firm, FTN Equity, in May 2009.

>>Oppenheimer & Co. hired four executives for its equity trading operation. Doron Barness joined as a sales trader. He was formerly with Wedge Securities and, before that, Goldman Sachs. Matt Weitz joined as head of institutional execution strategy, a new position. Weitz, a veteran of electronic trading, was previously at Nomura. John Gill joined as a sector trader, handling energy, limited partnerships and industrials. Gill last worked at Cowen & Co. Steve Yung also joined as a sector trader, handling specialty finance and banking names. Yung spent about 12 years at J.P. Morgan Securities.

>>Three former Direct Access Partners traders have landed new jobs. Darren Croce joined Charlotte, N.C., agency brokerage Elevation LLC as a sales trader based in Jupiter, Fla. Karen Kowalewski joined the St. Louis office of North South Capital, a Chicago agency brokerage. Mike Cronin joined Wall Street Access in New York.

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