Kathryn Zhao
Traders Magazine Online News

Five Pillars of Modern Electronic Trading

In this reprint from Global Trading, Cantor's Zhao describes the essential pillars of building a low-touch trading desk.

Traders Poll

Are you pleased that the SEC is delaying its Transaction Fee Pilot program due to exchange-brought litigation?

Free Site Registration

November 1, 2013

Cantor Snatches Six from KCG

A look at the equity industry's prominent hires, promotions and other notable happenings around Wall Street's trading community


Editorial Staff

Cantor Fitzgerald & Co. hired a team of three market makers in exchange-traded funds who previously worked for KCG Holdings. The group - Reginald Browne, Eric Lichtenstein and Darren Taube -has worked together for about six years, first at Newedge, then at Knight, which became KCG Holdings after its recent merger with Getco. Browne, who left KCG Holdings last week as head of ETFs, is wrapping up an agreement to join Cantor Fitzgerald LP, the trading firm led by Howard W. Lutnick.

Taube, Lichtenstein and an undetermined number of traders from Browne's former team at KCG will also join New York-based Cantor in similar roles, said two people with knowledge of the talks who asked not to be named because the information isn't public. Online records with the Financial Industry Regulatory Authority listed Cantor as the employer of Browne, Lichtenstein and Taube.

Browne, 45, helped make KCG, formerly known as Knight Capital Group Inc., the biggest lead market maker for ETFs on the New York Stock Exchange, backing more than a third of the funds listed there. He has a reputation for supporting innovation in the industry, helping smaller providers reach the market with new products since joining Knight four years ago.

Cantor Fitzgerald marks the third stop for Browne, Taube and Lichtenstein as a team. The trio came to Knight from Newedge Group SA in June 2009, where they had been co-heads of ETF trading, bringing 10 colleagues with them.

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

Axiom Capital Management, a New York brokerage serving individuals and institutions, hired three former Pulse Trading equity traders. Joining the firm are Hal Smolanoff as head of equity trading, Ethan Vickery and Grant Rosenblum. Smolanoff was previously with State Street Global Markets, a firm he joined after it acquired Pulse Trading in 2011. He was one of the original members of Pulse's New York team. Vickery also joined from State Street. He spent about eight years at Pulse and State Street. Rosenblum joined from Global Arena Capital Corp., a retail brokerage. He also spent nearly two years at Pulse.

Jim Gallagher joined BMO Capital Markets as a managing director and head of U.S. equity sector trading. Gallagher was most recently the head of sector trading for energy, utilities, health care, materials and MLP at Barclays Capital.

BMO also hired three sales traders: David Matlow, Daniel Mara and Ashley Amo. Matlow also came from Barclays, where he was a liquid markets sales trader. Mara was most recently a sales trader at Citigroup Global Markets, where he handled hedge fund clients. Amo was most recently a sales trader at Goldman Sachs.

Susan Shilling joined Tripleshot as a relationship manager in San Francisco. The Boston-based company plans to open an alternative trading system for the buyside. Shilling previously worked in a similar capacity at Xpert Financial, a San Mateo, Calif.-based operator of a trading system for private securities. Before that, she was in institutional sales at Barclays Capital.

Pat Regan joined Conifer Securities in San Francisco as a sales trader. She previously worked for Fidelity Capital Markets and Banc of America Securities in San Francisco as a sales trader.