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Dealers Move Furniture, Switch to Sectors

Traders Magazine, August 2002

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.

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