The Sudden Success of Program Trading: Does a new trend mean the demise of block trading?
Traders Magazine, June 2003
Program trading on institutional desks has become popular at a time when markets are volatile and trading margins depressed. "Program trading desks are a necessity these days," said Michael Mook, co-director of program trading at Weeden & Co. "At large firms, at bulge bracket firms, they all must have program desks."
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