From Zero to 60 at NWQ
Traders Magazine, December 2006
High-performance cars are typically judged by how quickly they accelerate from zero to 60 miles per hour. If a similar measure of efficiency existed for today's buyside trading desk, it would likely chart how quickly the desk adapted to electronic trading. Kirk Allen joined NWQ Investment Management four years ago, when the desk, then managing $7.5 billion in equities, did almost no electronic trading. Today, domestic assets have ballooned to $35 billion and electronic trading comprises 60 percent of all trading.
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