The Toughest Grind In The Business?Trading Around-The-Clock for a Global Buy-Side Giant
Traders Magazine, July 1998
Meltdowns in Asia. Currency swings in Europe. Foreign equity traders in the U.S. have faced these horrendous challenges. Not always in the eye-of-the-storm, trading desks regularly take positions in foreign stocks buying and selling American Depository Receipts and ordinary shares of overseas companies listed on U.S. exchanges
Some desks trade non-U.S. stocks in their primary markets. Scudder Kemper Investment, a financial-services and mutual-fund behemoth with more than $200 billion in assets under management, is a leading example. Maureen Nevin Duffy joined Bellaro and his team one morning on the pre-dawn opening of the European trading session at Scudder's offices on 345 Park Avenue in midtown Manhattan.
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