TRADING UP: JonesTrading Snags Rivelli, Trimmer; Tusar Leaves KCG


Doug Rivelli, JonesTrading

Block trading firm JonesTrading hired six equity trading industry veterans to its Cos Cob and Southampton offices. The move allows JonesTrading to add to its existing capabilities in both single stock and program trading. The Cos Cob team is now led by Todd Trimmer and Doug Rivelli, both named Managing Directors. Trimmer previously served as Co-CEO of Weeden & Co. LP, and Head of Equities at Guggenheim Partners, LLC and Auerbach Grayson and Company, LLC.

Rivelli has served as Head of Program Trading at Weeden & Co. LP and CEO of Pragma Securities LLC. They will be covering accounts for both single stocks and programs and are joined by Jack Duffy and Gary Zegras, who both also had senior roles at Weeden, Guggenheim and Auerbach Grayson.

In Southampton, Chip Renkowski and Bryan Klopfer joined. Both have over 16 years sales trading experience at Knight/KCG Holdings, Inc. before briefly working at Auerbach Grayson.

If you have a new job or promotion to report, let me know at jdantona@marketsmedia.com

Greg Tusar

Cabrera Capital Markets, a Hispanic-owned broker-dealer, expanded its Americas trading team with the addition of Jonathan Bloom to its Chicago office as Vice President. Bloom brings 13 years of experience in equity capital markets and will focus on ETFs. He most recently worked with MKM partners where he was an Executive Director, Sales Trading covering institutional clients across the US. Previously, Bloom held Sales Trading roles at TJM Investments, Bear Stearns and Deutsche Bank.

Greg Tusar, the electronic trading head at KCG, has departed the firm, according to a regulatory filing. His departure was part of the firm’s sale to Virtu Financial for $1.4 billion. Tusar, a market veteran, was head of electronic execution and platforms at KCG, responsible for sales, products and platforms globally. He joined KCG in 2013 after 13 years at Goldman Sachs, where he was partner and head of electronic equities trading. According to a KCG filing, he was eligible for $6.9 million in cash and stock upon termination of his position.

HFT pioneer and one-time voice of the latency sensitive trader, Manoj Narang, has founded a new company, MANA Tech LLC. He had been out of the market since 2014 when he left Tradeworx, an HFT  firm he founded in 1999. He started his career at Goldman Sachs in 1997 in stat arb.

Chuck Lugay started a new position as Managing Director at Clearpool Group. A veteran with 20 years of experience, Lugay most recently was with Citadel as a senior vice president. He also has served as past president of the Security Traders Association of New York. Lugay also spent seven years at Knight as a Director and Managing Director. He began his Wall Street career at Morgan Stanley Dean Witter.

Jerry Coffey, Caissa Capital

BTIG grew its Global Institutional Equities business by adding Simon “Sid” Martin as Managing Director in London. Martin will focus on cultivating new business and enriching existing client relationships. Prior to BTIG, he spent eight years as a Director within the Equity Sales and Trading Group at Barclays. Martin began his financial services career in the Credit Trading Group, specialising in collateralised debt obligation, at Morgan Stanley..

BTCS Inc., a blockchain technology focused company, announced the appointment of Jonathon Read to the Company’s Board of Directors. Read has held numerous executive positions with domestic and international companies over a career that spans in excess of 35 years. Most recently, from 2013 to present, he has served as Managing Partner of Quadratam1 LLC, a Scottsdale, Arizona based firm specializing in providing financial and organizational consulting services for growth-stage companies in the US and China. Prior to that, he served as Chief Executive Officer or President of Timefire VR, Inc.

Hester Peirce, a researcher at the Mercatus Center at George Mason University, will be nominated a Republican member of the Securities and Exchange Commission, according to the White House. The Obama administration had nominated Peirce to the post, but she was not confirmed.

Charles Scharf, former CEO of Visa, has been appointed CEO of BNY Mellon. Scharf succeeds Gerald Hassell, who remains chairman and plans to retire at year-end.

Jordan & Jordan said it has promoted Barry Raskin to Managing Director, Market Data Services. He will focus on expanding the Market Data Reporting (MDR) product.

Caissa Capital, LLC has hired Jerry Coffey as Managing Director and Executive Vice President.  Coffey, formerly General Counsel at Entegra Power Group, has over 30 years as a lawyer in the energy business, much of it working in the merchant energy environment. His experience includes negotiating refinancing arrangements amid complex debt and ownership structures.  He has also held senior legal positions at NRG Energy, FPL Energy and Aquila Energy.


Related articles

  1. Accounts above 10,000 Bitcoins have seen an increase in accumulation during this downturn.

  2. Financial institutions aren’t getting the productivity they need from their developers. 

  3. Algos, Post-Trade Top FCM Concerns

    Instinet's Anushree Laturkar says investing in research and analysis is key to improving client outcomes.

  4. AI can optimize algorithms to better recognize and adapt to real-time market conditions.

  5. With Dmitry Kay, Co-head of EM FX Trading, Europe, UBS