Traders on the Move

Here are some recent hires and promotions in the equities trading world as Wall Street pros make that move, right now.

Read about the new head of U.S. equity sales trading at Raymond James and the new chief business development officer at Triad.

Plus, learn who is joining the quantitative strategies group at Liquidnet and who left Madison Williams for Dahlman Rose.

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

Paul Powers joins Raymond James as its new head of U.S. equity sales trading. Powers, an 18-year veteran, spent his last 12 years at Oppenheimer and CIBC, where he was co-head of U.S. equity principal and sales trading. He reports to Dan McMahon, director of equity trading.

Jason Tobias joins Triad Securities Ltd. as managing director and chief business development officer for the New York-based brokerage firm’s London office. Tobias, a 15-year veteran, will look to expand Triad’s presence in Europe. Tobias was previously at Millennium Partners. He joined Millennium as a trader at the start of his career in 1996, and in 2000 moved to head the European trading desk, where he spent eight years.

Fred Graboyes joins Liquidnet as global product manager in its quantitative strategies group. Graboyes, a 19-year pro, most recently worked at Savvis as a senior design engineer building low-latency trading systems and market data designs for high-frequency traders. He also was founder of TradeTrek Securities in 2002, a privately held agency broker-dealer and provider of algorithms and program trading services. Graboyes also created the quantitative equity trading group at Bank of New York and did a stint at Abel/Noser. He reports to Scott Harrison, who heads global product.

Chris Weekes joins Dahlman Rose & Co. as a managing director and co-head of its new OTCQX markets group. Prior to joining Dahlman Rose, he was managing director and head of the institutional equity sales and trading at Madison Williams. Weekes, with more than 10 years’ experience in equities, was also a senior institutional sales trader at Oppenheimer & Co. and CIBC World Markets. He began his career at LaBranche Financial Services in its institutional execution group.

Cagatay Culcuoglu joins equity research firm Sabrient Systems as head of global product management. Culcuoglu, an eight-year veteran, held a similar role at Thomson Reuters. At Sabrient Systems, he will focus on the planning and developing new products, indexes and exchange-traded funds for the institutional market. He reports to president Scott Brown.