Lord Abbett's Big Move
Traders Magazine, February 2006
Back in 1983, when Ted Oberhaus joined Lord Abbett & Co.'s trading desk, all business was conducted by phone with full-service brokers. Things change. Now 55 percent of the firm's trades are executed with the help of electronics. And Oberhaus, a partner and director of equity trading since 1996, expects that percentage to climb because of tech-related efficiencies. Five years ago that figure was less than 1 percent.
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