The Triumph of the Little Guy: Finding the Secrets of Survival in Hard Times
Traders Magazine, May 2002
Bigger is generally better in the trading world. A big firm can get better deals on hardware and software. Bandwidth costs tend to fall as usage increases. In fact, a big firm is likely to have its own special department to help implement new technologies, something a small firm, which trading pros tend to define as 10 traders or less, usually can't afford. By contrast, a big firm enjoys economies of scale. In light of this, how can a small trading firm survive?
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