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First Union Shifts Nasdaq Operations to Baltimore: Ex Alex. Brown Traders For First Union Office

Traders Magazine, June 1999

Michael L. O'Reilly

Utilizing the turnover in the Deutsche Banc Alex. Brown trading department, First Union Capital Markets opened a Nasdaq trading desk in Baltimore - staffed entirely by former Alex. Brown employees.

In all, Richmond-based First Union hired three Nasdaq traders, five sales traders and three institutional salespeople from Baltimore-based Alex. Brown. When the new office opens this month, First Union will transfer all Nasdaq trading operations to Baltimore.

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