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The Toughest Grind In The Business?Trading Around-The-Clock for a Global Buy-Side Giant

Traders Magazine, July 1998

Maureen Nevin Duffy

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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