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Program Trading Prospers: Quietly, Traders Become Techies in Game of Computers

Traders Magazine, May 2003

Desmond MacRae

Program traders are now techies. That's regardless of whether they under stand it or not. Robert Hegarty, head of TowerGroup's securities and investment practice, says program trading is increasingly accepted because of technological advancements. "There is a growing number of tasks that buyside traders routinely perform to make buy and sell decisions that rely 100 percent on computer programs," he said.

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