Magazine article Modern Trader

Dan Franks: "Just Keeping the Wheels Rolling"

Magazine article Modern Trader

Dan Franks: "Just Keeping the Wheels Rolling"

Article excerpt

Sometimes it's best to sit still and make sure you don't rock the boat. At least that's how Dan Pranks is approaching his new position with Nasdaq. Franks, who was appointed the senior vice president of market operations, says he doesn't foresee any drastic changes in the near future, but rather looks to build upon Nasdaq's existing system.

"I want to continue to improve The service we provide to our market-making firms," Franks says. "The reliability of the system has been virtually flawless, but now we need to work to improve The speed at all times."

Franks, who started his career in Chicago with Doyle, O'Conner & Co., brings 30 years of trading experience to Nasdaq. He also has spent time with Robert W. Baird & Co. and Bacon, Whipple & Co. as a Nasdaq trader. For the past 14 years he's served as senior vice president of trading for Scott & Stringfellow Inc.

Franks says his experience will allow him to be a liaison between Nasdaq and The member firms. "I've been in this business for a long time. I've worked in many cities and I know a lot people in The industry."

He is also a member of the Nasdaq Quality of Markets Committee, the NASDR Series 55 exam Committee and the NASD District 7 Committee.

MKIRisk named Michael G. Mengel, former country manager for Cognotec, as its sales manager for Germany, Austria and Switzerland.

The energy market software firm GlobalView Software has added Diane Saucier, former consultant for Stopka & Associates, as a development project manager in Chicago; Laetitia MacDougall, former account manager for the energy industry information company ICIS-LOR, as an account manager based in London; and Roddy MacNab, former European sales director at Leading Market Technologies, as its director of sales for Asia-Pacific Region.

The National Association of Securities Dealers (NASD) hired Edward S. …

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