Adieu to Single Stocks
Traders Magazine, April 2003
Program trading has come of age. Using sophisticated computers to spew hundreds of precisely timed orders into the market isn't just for an elite cadre of quants, indexers, arbitrageurs and prop desks anymore. It's gone mainstream. Regionals and second tier brokerages are establishing program desks. Plain vanilla buyside shops are reorganizing their workflows - away from single stocks towards baskets.
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