HERD

Cantor Fitzgerald L.P. hosted a black-tie bash last Monday at the Metropolitan Museum in New York -- the museum with all the Rodin sculpture donated by Cantor. Mingling with the usual crowd of society suspects was Reuters' strategic planning manager Barry Drayson -- who negotiated the vendor's deal to carry Cantor's non-U.S. bond data. Dow Jones Telerate invitees were executive vice presidents Henry Becher, Julian Childs and Bill Clabby. Sources say Telerate president Carl Valenti wasn't on hand to enjoy Cantor's hospitality. Perhaps he was busy sorting through the lawsuit Cantor's data vending arm Market Data Corp. has filed against Telerate (see realted story, this issue).

Tim Anderson has left Garvin Information Services. Anderson, who departed for parts unknown ten days ago, headed GIS, which consolidates and sells the market data generated by interdealer U.S. Treasury broker Garban Ltd. and its sister brokers.

Barra Inc. has lost one of its top executives. President Richard Grinold resigned from the investment technology firm last month. He'll continue to be a member of Barra's board of directors. Barra chief executive officer takes over Grinold's administrative duties. Meanwhile, the vendor has hired a new vice president of finance, James Kirsner. Kirsner was previously a partner with Arthur Andersen & Co., where he supported the consultant's financial services business.

Tullett & Tokyo Forex Inc. has brought in Len Monteleone as a vice president of operations. Monteleone left behind a job as vice president of taxable fixed-income systems at Donaldson Lufkin & Jenrette Inc.

The Chicago Board Options Exchange has two new assistant vice presidents in its systems division: Susan Jordan and Mark Novak.