Riskless Principal At Salomon
Traders Magazine, June 2002
Dave Weisberger wants to make it clear: Nasdaq trades done on a riskless principal basis are superior to those done on an agency basis. That bit of wisdom from the Salomon Smith Barney managing director in charge of trading systems may be fightin' words for some of the big broker's competitors. But it represents Salomon's interpretation of the new rules of Nasdaq trading. It was also the starting point of an effort to improve its market making technology
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