David Mechner was made sole chief executive officer of Pragma Securities, following the departure of Doug Rivelli. Mechner retains his title of director of technology. He co-founded Pragma in 2002 and led the development of its flagship product, TradeEngine. Before founding Pragma, Mechner developed and implemented short-term trading strategies as director of research at the Pragma Hedge Fund.
JPMorgan has bulked up its electronic trading desk by adding four new hires with more than 40 years of collective experience. David Fellah joins as a director in quantitative analytics from LiquidNet. Peter Ward joins JPM as head of EMEA electronic trading solutions from Townsend Analytics. Brett Fischer, an Investment Technology Group alum, joins as head of Americas electronic sales. Marcus Consolini, comes onboard as head of Asian Electronic Sales and trading. He joins from Macquarie.
Also joining JPMorgan and rounding out the desk’s management team are: Michael Green, formerly of Merrill Lynch, as head of Asia electronic trading solutions. Daniel Nehren comes onboard as global head of ECS quant analytics, previously at Deutsche Bank. Peter Eliades joins as executive director of the Americas electronic client trading desk. Daniel Ciment, formerly of Barclays Capital, arrives as head of Americas electronic trading solutions.
Patrick DeGroat joins Pulse Trading’s BlockCross as vice president of electronic sales and trading in New York. Patrick, a 15-year veteran, arrives at the independent alternative block liquidity trading system after six years at Liquidnet. There, he also held roles in electronic sales and trading. DeGroat reports to Doug Gamble, head of Pulse Trading’s New York trading desk.
Charles Garcia joins execution management system provider TradingScreen as head of global marketing for traditional asset managers. Based in New York, Garcia leads TradingScreen’s expansion into the global asset management community. Garcia has more than 25 years of experience in financial services and sales. He was most recently head of North American sales at Sophis, a provider of portfolio and risk management software.