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Many Firms Recoil From After-Hours Trading

Traders Magazine, November 1999

William Hoffman

Kenneth Pasternak, president and chief executive of Knight/Trimark Group in Jersey City, said only six of his firm's 600 employees work the early evening after-hours stock markets. But as longer hours go into effect on more exchanges, Pasternak envisions having as many as 100 employees on the 4 p.m. to midnight shift.

"I think [extended trading hours are] inevitable with the internationalization of the stock market," Pasternak said. "It'll be a big deal measured in terms of years, and not of months."

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