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Staten Island Sadness

Traders Magazine, October 2001

Sanford Wexler

The offices of Hill Thompson Magid in Jersey City, N.J., command a bird's eye view of the Lower Manhattan skyline. On Sept. 11, Nick Ponzio, the market maker's president and dozens of its traders, were stunned when their usual view turned into something horrible: The destruction and the eventual collapse of the World Trade Center. "Our building looks right across the Hudson River," said Ponzio. "As we were watching the first tower smoke and smolder, we noticed a plane flying really low. The next thing you know it hooked a turn and it went right into the second tower."

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