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Letter from the Editor
The IOI Beat
This issue of Traders Magazine centers on indications of interest and their various forms. At one time, IOIs were almost primitive. An IOI was a broadcasted message from the broker to the buyside, who'd respond via the phone. That was the old high-touch game that used a sales trader as the gateway to block trading. Although traditional IOIs are still important, the rise of electronic trading has changed-some might say diminished-the role of the sales trader in cash equities. This month's cover story outlines the sales trader's evolution. Many traders who've survived the downsizing trend since 2001 have found new homes at brokerage firms that pay them based on their production. Staffer James Ramage reports that the ranks of sales traders are down about 20 percent in the last year, but the real success story has been the rise of the independent firms offering variable compensation. They've hired experienced sales traders who have been able to capitalize on a combination of their skills and long-established relationships. It is a compelling story.
Featured Articles
Inside Trading
CBOE to Offer Benchmark Trades
By Nina Mehta
Getting Filled: Harder or Easier?
By Peter Chapman
Dark Pool Volume Creeps Higher
By Editorial Staff
SIG's New Pool Connects Brass Users
By Nina Mehta
Ex-Knight Execs Cleared
By Editorial Staff
Stung, Options Market Makers Send Out SOS
By Peter Chapman
Rules and Regs
Soft Dollar Disclosure on the Table
By Peter Chapman
Options Stats to Have Minor Impact
By Peter Chapman
Access Fees For Options Get Blasted
By Peter Chapman
More Trading Oversight on The Way
By Peter Chapman
Direct Edge Taps Hess
By Peter Chapman
Tech Notes
Morgan Stanley's NightOwl Launches
By Nina Mehta
NYSE Updates OpenBook
By James Ramage
Helping Active Managers Make the Trade
By James Ramage
Clearing
Forget the Paper, the Paper
By Gregory Bresiger
Buyside Snapshot
Catching the Currents
By Michael Scotti
Brokerage
Buysiders Get Another Arrow in their Quiver
By Nina Mehta
On the Move
People On The Move
By Editorial Staff
Surveys
Buyside Struggles to Stay Current
By Nina Mehta
Word for Word
The SEC's Andrew Donahue Discusses ...
By Editorial Staff
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