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Quants in the Steel City

Traders Magazine, June 2003

Nina Mehta

Mellon Equity Associates, a quant shop where Marlene Walker Smith works as a senior equity trader, is increasingly moving toward more electronic trading. The trading desk is executing more orders on ECNs. "We've always embraced new technology, but ECNs have become even more important in the way we're trading these days," said Smith, who is a vice president at Mellon Equity. "We're probably trading in excess of 50 percent of our Nasdaq order flow on ECNs."

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