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The Triumph of Technology

Traders Magazine, October 2003

Nina Mehta

Technology has transformed trading desks. Over the next few years, however, the average trader should expect to use technology to interact even more dynamically with the markets, according to Ben Sylvester III. He is one of three senior traders on a five-person trading desk at David L. Babson & Company Inc., an institutional asset manager that has $95 billion under management. "We have a perfect storm. New technology, decimalization and fragmentation, as well as regulatory issues with the New York Stock Exchange. All of this is driving the shift," he said. "On top of that," Babson added, "Fidelity Investments, the biggest buyside customer, is saying they want electronic trading. That evolution is going to happen very rapidly."

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