Traders Should Not Fear
Traders Magazine, June 2005
The algorithm is not the enemy of the trader. At least that's what one trading veteran says. "I really don't think that my brethren out there on the buyside should fear algorithms," says Larry Billimeck, a senior equity trader at Nicholas-Applegate Capital Management, a $14-billion subsidiary of Allianz Global Investors. Effective traders can't let these mathematical marvels intimidate them.
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