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Bridging the Great Divide

Traders Magazine, October 2004

Peter Chapman

For Mike Cashel, it's all about the Grand Canyon. The new chief executive of Harborside+ maintains the awe-inspiring national park is an apt symbol for the gulf that separates the technological elite from the less savvy. On one plateau stands a group of people dedicated to the idea of throwing orders into machines. Across the divide is another, much larger group. They're excited by technology, but uncertain about how to get to the other side. Cashel sees Harborside+ as a bridge between the two plateaus: a firm that combines the traditional human intervention of a block desk with the secrecy and efficiency of an alternative trading system.

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