Vol 3 No 17
HUMAN FACTORS
HUMAN FACTORS
FNX has appointed Simon Moss its president, with responsibility for FNX's overall business, especially its Internet-based offerings. Among the products FNX plans to release this year is the web-based version of its Sierra System for trading and risk management. Written in Java and HTML, the system will support foreign exchange (FX), FX options and money markets, with more instruments to be added. Prior to FNX, Moss worked at IBM as director of solutions for its financial markets business. He was also a co-founder of IBM's risk management operation in London.
Javelin Technologies has brought on Michael Chaladoff as its chief financial officer (CFO), with responsibility for financing options and strategic partnerships. Previously, Chaladoff served as CFO of Avatar Investors Associates Group, an investment advisory firm, as well as a director of financial planning and analysis for Parmount Pictures Corp. and Warner Bros. Javelin provides solutions centered on the Financial Information Exchange (FIX) messaging protocol, with partners such as Thomson Financial, Marketxt, Instinet and Fidelity Management Research.
IPC Communications and its subsidiary Ixnet have named Lawrence Burke vice president of human resources for both companies. His tasks will include recruiting, professional development, benefits and related administrative duties. Prior to his new post, Burke was senior vice president for human resources and administration at Bank of New York ESI & Co. Before that, he worked at Silicon Valley Group, a semiconductor manufacturing firm, also as its vice president of human resources.
The Board of Trade Clearing Corp. has announced the results of its annual election as decided by its board of governors. William Floersch has been elected chairman, while Bernard Dan is first vice chairman. Michael Brinati will serve his second term as second vice chairman. Floersch, president and chief executive officer of O'Connor & Co. and chairman of the board at ATIS International, succeeds W. Robert Felker, president and CEO of Banc One Brokerage International Corp., who will continue to serve on the board. Floersch is former vice chairman of the board of directors at the Chicago Board Options Exchange, and has also been a broker with Lehman Brothers. Dan, president and CEO of Cargill Investor Services, takes the post of Timothy Mullen, chairman and CEO of First Options of Chicago. The board of governors itself elected three members, including Michael Dawley of Goldman Sachs, Wendell Kapustiak of Merrill Lynch Futures, Inc., and Michael Manning of Rand Financial Services. Each of the three will serve a three-year term.
The National Association of Securities Dealers (NASD) named Dean Furbush to the new position of managing director for Nasdaq Third Market, a dealer venue for electronic trading of exchange-listed stocks. He will be responsible for all third market business and trading. Furbush joined NASD in 1995 as a senior vice president and chief economist and in 1996 became director, strategic planning. Succeeding Furbush as chief economist is Michael Edleson, who joined NASD's Economic Research Division in 197 after starting Infinity Financial's risk management business.
For a complete listing of the latest job moves and appointments, visit Herd on the Web at http://www.watersinfo.com/herd.
