Trading Trends: The Wall Street Shuffle
Traders Magazine, June 2000
Salomon Smith Barney, Credit Suisse First Boston and several other dealers are undergoing a massive reshuffling of their trading desks, adopting what head traders term global sector trading.' In some cases, that means moving derivatives traders closer to block desks as well.
Traders said the reshuffle on the sellside follows a trend spearheaded by the desks at several Boston-based mutual fund companies. The rise in global, rather than domestic portfolio management spurred those firms to reconfigure their desks, they added.
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