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Besieged Dealers Search for Profits

Traders Magazine, October 2001

Steven Adler

Dealers hurt by the bear market and decimal pricing, must find creative ways to restore normal profits, one trading executive warns. "Sellside firms will have to get better at reading the tea leaves," said Mark Madoff, an equity trading director at Bernard L. Madoff Investment Securities. "Dealers will have to put greater value on deciding which way the stock price is heading."

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