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Record Hires Ahead For Nasdaq Trading

Traders Magazine, January 2000

Sanford Wexler

Arecord number of pros could be hired by market maker firms this year as Nasdaq experiences robust price gains and strong share volume, according to industry executives.

While regional consolidation is displacing some pros and electronic communications network pose a threat, the welcome mat will greet vets and rookies at many desks. "Get me more competent bodies," said Aldo Parcesepe, head of OTC trading at Bear Stearns & Co.

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