Looking for New Liquidity
Traders Magazine, December 2003
ECNs are an increasingly valuable tool for Nasdaq stocks, but they are just one part of the "liquidity spectrum," according to Corey Geog. He is one of two domestic traders at State Teachers Retirement System of Ohio. And he's a strong believer in technology on the trading desk. STRS of Ohio, one of the largest U.S. pension funds, has about $50 billion in assets. The fund serves more than 400,000 teachers. On technology, Geog says the key is using it to access liquidity in different venues. He notes that STRS of Ohio routes the vast majority of orders on its domestic desk electronically. "We want traders to spend their time analyzing the market and making trading decisions as opposed to doing data entry," Geog said.
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