Wall Street Letter VOL. XLVI, NO. 7 - July 2014 | Page 4

NEWS

Benefits to risk management will
include the introduction of test
symbols and trading limits for orders
based on order size and value. The
exchange will also add a Cancel on
Disconnect feature and kill switches.
For the latter, users will have the ability to kill orders based on the server
the order originates from.
TSE’s notice stated changes are
scheduled to take place September
24, 2015 with testing scheduled for
February.

ConceptOne to open
software support
shop in Europe

04

New York City-based ConceptOne
will expand the staff in its London
office and begin hiring for another
software support office that will
be located in Europe, according to
president Dan Connell, who spoke
to WSL.
The company will add a senior
sales person, a consultant and an
analyst with AIFMD expertise in its
London office, according to Connell.
He added the office was originally
established to tackle regulation surrounding Annex 4, which is AIFMD’s
answer to Form PF. When Annex
4 was pushed back a year it caused
ConceptOne to reach out to clients to
offer the capability as a pre-emptive
function for coming regulations,
Connell noted.
“I personally have been going to
London every month for the past 15
months as we recently opened a small
office there for business development,” said Connell. “The report
that we specifically are helping funds
with is Annex IV, which we built out
functionality for within our ‘Workbench’ platform that handles the US
regulatory reporting filings Form
PF and PQR. We have continued to
Continued on page 6

PEOPLE MOVES

SEC takes on deputy director
The SEC has named Stephanie Avakian as
a deputy director of its Division of Enforcement. Avakian joins the SEC from Wilmer
Cutler Pickering Hale and Dorr LLP, where

out its institutional ETF business. Prior to
Stifel, Lutz was at Wells Fargo focusing his
efforts on block trading. He also runs a daily
newsletter, “What Traders are Watching”,

securities practice. The new role is a return
to the SEC for Avakian – prior to Wilmer
Hale she worked in the SEC Enforcement

Northern Trust promotes two
made two appointments that it said will
allow it to focus more on its priorities. The

to SEC Commissioner Paul Carey. She will
report to Andrew Ceresney, director of the
Division of Enforcement.

Shundrawn Thomas, executive vice president and managing director of FlexShares, to

BNY Mellon engages former airline
CEO
uct management group, strategic program
management, and asset servicing product

head of client solutions, moving him from his
current role as head of corporate strategy
and market development at the corporate
level.

FNEX scores tech exec as CTO
year. He will be responsible for developing
-

Pandiri, executive vice president and CEO of
Asset Servicing.
former head of global product management
for Asset Servicing, will take on a new role
leading strategic programs and will report to

Redline hires vice president of business
development

investment and private securities marketplace from a previous role as the director of
The company has also hired two vice
presidents of business development, Eric
who will manage business development
efforts out of Cincinnati, was most recently a
tional Shareholder Services and prior to that

Redline Trading Solutions has appointed
velopment. Soule held senior business roles

business development out of Chicago. His
most recent previous roles include a position

Thomson Reuters before joining Redline. He
position at Fed Fund Futures/Options.

JonesTrading nabs Stifel MD

Vertical Capital Markets employs business development director

business as its head of ETFs. The move
comes after Lutz spent seven years at Stifel

as an executive vice president and the director of business development. Hart joined