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Goldman Sachs Elevates Sales Trading Role

Traders Magazine, August 2005

Michael Scotti

(Traders Magazine, August 2005) -- Goldman Sachs appears to be ahead of the curve again. What on the surface appeared to be a run-of-the-mill layoff of roughly 30 traders at the end of June, was actually a strategic move to streamline traditional roles on its equity trading desk: Sales traders have expanded responsibilities, including committing capital for block transactions.

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