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Cover Story: The Next wave

Traders Magazine, April 2000

John A. Byrne

A frightening thought must strike executives at market making firms when the Nasdaq Composite Index hits skid row: What good is the best military-style planning if the sun finally sets on the longest-running OTC party in history?

Military-style planning is the most striking feature of the current Nasdaq market making scene. Nasdaq trading firms, especially the largest, are implementing plans for a future based on an assumption that Nasdaq will still keep growing.

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