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Second Guessed

Traders Magazine, October 2006

Michael Scotti

Trends ebb and flow in equity trading-in any industry, for that matter. In years past, the normal career progression for an accomplished buyside trader was to move to the sellside. There, greater financial rewards awaited. Not anymore. Today, many sellside traders would take a job on the buyside in an instant. Greater job security is one factor, as margins continue to get squeezed for customer business. But there are other reasons for the change. Buyside traders need to have greater skills, since they've been empowered with new trading tools that allow them to bypass brokers and go direct to market.

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