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Canaccord revamps trading desk leadership

Canaccord Genuity is revamping the leadership of its trading desk, letting go two big name veterans who ran the desk for years.

Canaccord said Wednesday that David Morrison, co-head of institutional trading, and John Esteireiro, head of institutional equity trading, are no longer with the firm. In their place, Jason Melbourne becomes co-head of sales and Darren Hunter becomes head of trading. Graham Saunders remains in his role as co-head of sales.