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Dealers Committed Bundles of Capital

Traders Magazine, September 2001

Sanford Wexler

When the listed and Nasdaq stock markets reopened after the terrorist attack on the World Trade Center towers, major dealers stepped up to the plate - with huge piles of cash. Their pledge to buy large blocks of stock was backed up by the Federal Reserves huge credit lines. The NYSE experienced record volume when trading resumed on Sept. 17 - 2.3 billion shares were traded. Nasdaq handled some 2.18 billion shares.

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