Traders Magazine, February 2000
Tom Williams said he was approached by several large Wall Street firms wanting to buy his program trading boutique, but he wouldn't sell. "I had no interest in merging with anybody," he said. "I enjoyed my independence."
Spear, Leeds, apparently, made an offer he couldn't refuse. "They are extremely good at allowing firms to retain their independent culture and to function autonomously at the same time," he said.
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