Commentary

Brian Decker
Traders Magazine Online News

Three Reasons the "Downs" Have Greater Impact In An "Up and Down" Stock Market

Brian Decker, a financial planner and founder of Decker Retirement Planning Inc., argues that it is much more important for investors to consider the downside in turbulent markets than the upside.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




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August 31, 2002

Dealers Move Furniture, Switch to Sectors

By Staff Reports

Some of the biggest trading desks on Wall Street are rearranging the furniture.

At Morgan Stanley, individual traders will now each be assigned listed, OTC and international stock trading, covering a common category such as healthcare. The switch replaces trading by individual traders who specialized in separate markets such as OTC. Some experts feel that combining trading markets in so-called sectors provides traders more market critical information which could be helpful for customers.

Morgan says the change reflects how many of its largest institutional accounts arrange their trading operations. Morgan also has one analyst covering each sector.

At Credit Suisse First Boston - a pioneer in the sector trading trend - traders in equity, fixed-income, covertible and ETF products, are adapting other arrangements. Traders will sit in the center of the floor while sales people will have a ringside view from a raised platform. The idea is to make it easier for the sales pros to track market activity.