Jefferies Sidelined By Dealers' Storm
Traders Magazine, August 2001
Jefferies & Co. has decided to wait out the storm in the dealer markets. The institutional market maker is hoping for bid-ask spreads to recover before resurrecting its ambitious plan to make markets in 3,000 Nasdaq stocks, according to the firm's president John Shaw.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.