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A Supporter of Net Trades

Traders Magazine, May 2002

Tom Taulli

Clarence Woods, a principal and chief equity trader for Allied Investment Advisors (AIA) in Baltimore, Maryland, doesn't follow trends. He isn't convinced yet that the recent changes in the industry in how traders charge is a good thing. Bucking the trend toward commissions, Woods continues trading on a net basis with dealers. He works with dealers who still make money on the spread. That's even though many dealers are moving to commissions, tacking on a explicit fee each time a trader like Woods wants an order handled.

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