Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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June 30, 1998

At Deadline - Richard Holway

By John A. Byrne

One of the brightest stars on the buyside has joined Los Angeles-based Jefferies & Company. Richard Holway, 42, formerly director of trading at Minneapolis-based Investment Advisors, will lead all design, development and marketing efforts for Jefferies' @Harborside system.

"We are delighted to retain Rick Holway to lead this venture," said John Shaw, Jefferies's national sales manager, in a prepared statement. "We are committed to engage the best people in the business."

@Harborside was formed to assist institutional traders in searching for liquidity, while protecting confidentiality.

For his part, Holway said Jefferies' experience in negotiating complex transactions, coupled with the advanced technology of @Harborside, will increase the probability of finding the natural counterparty in institutional trading.

"@Harborside offers a simple solution to the problem of finding liquidity and minimizing market impact. It complements both traditional and innovative ways of doing business," Holway added.