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A Hiring Spree For Market Maker

Traders Magazine, March 2003

Editorial Staff

Wien Securities is bucking employment trends in the trading industry. It hired about 40 new trading professionals. They are almost equally divided between market makers and sales pros, said a spokesman for the Jersey City-based firm. "Maybe the pendulum has swung too far. We're hiring because maybe things are going to start turning around," said Marty Cunningham, president of Wien Securities. "We see opportunties," he added. Some of those opportunites? Cunningham said that they are in the Bulletin Board, Pink Sheets and Nasdaq areas. However, Wien is going to follow the trend in one area. It is going to pay pros totally on a commission basis, Cunningham confirmed.

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