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ON THE MOVE: Abenante to Credit Suisse, Jefferies Nabs Seccia

Traders Magazine Online News, August 1, 2017

John D'Antona Jr.

Trading technology veteran Anthony Abenante is joining the equities business at Credit Suisse. In 2012 Abenante left electronic trading firm Instinet, having served as CEO there for five years. In the interim he has worked in a consulting capacity for firms like KCG Holdings.

LXM Group announced the appointment of Joe Froschauer as Head of Trading and General Manager for the firm’s operations in the United States. He will be responsible for building trading relationships with North American based Global Institutional Asset Managers by identifying equity and fixed income trading opportunities. A 23 year veteran, Froschauer joins LXM from the Nomura Group, where he was Managing Director with Instinet in Global Sales Trading in New York. Prior to Nomura, he held roles at Lehman Brothers as Senior Vice President in International Sales Trading for one year and Goldman Sachs as Vice President in International Sales Trading from 1999 to 2007.

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Following the reported departure of Greg Tusar, KCG has lost another senior executive as a result of its acquisition by Virtu Financial. Phil Allison, who forged a reputation in equity trading circles during a near 17-year career at Swiss bank UBS, has left KCG.

John Shay, head of FICC at NASDAQ, has opted to leave the exchange operator after only 10 months. In a client letter obtained first by Trading Places, NASDAQ communicated to its U.S. Treasury clients this morning that “John Shay, Head of FICC, has decided to leave the organization”. Tom Wittman, NASDAQ’s Global Head of Equities, will now lead all of trading, including the NASDAQ Fixed Income business line. Wittman added in the letter, “Combining our global equities and FICC teams under a unified leadership structure will allow us to best support the needs of our customers, drive greater awareness of our offering, and, combined with our technology expertise, provide a better overall experience for the marketplace.”

Sabrina Wilson has joined Citi in the role of global head of electronic and algorithmic trading, and EMEA head of futures, clearing and collateral. Wilson, a professional with over 20 years of experience, held a comparable position at Deutsche Bank.

Stephens Inc., an independent financial services firm, announced the hiring of Frank Chiou as managing director for New York Institutional Equity Sales and Mark Connelly as managing director and senior equity research analyst. Mr. Chiou and Mr. Connelly will be based in Stephens’ New York office.

Chiou has more than 20 years of institutional equity sales experience and joins Stephens from William Blair where he was a partner. Previously, he held sales positions at Thomas Weisel, Adams Harkness, and Goldman Sachs. 

Connelly will cover paper, packaging, and chemicals for Stephens. His expertise of these sectors as well as global agribusiness spans 30 years. Before joining Stephens, Mr. Connelly was a senior analyst with CLSA Americas and has held similar positions with Credit Suisse Group and J.P. Morgan &Co.

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