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.

The Great Migration

By James Ramage

Sales Traders Get Into Position

By James Ramage

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

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

Morgan Stanley's NightOwl Launches

By Nina Mehta

NYSE Updates OpenBook

By James Ramage

Helping Active Managers Make the Trade

By James Ramage

Forget the Paper, the Paper

By Gregory Bresiger

Catching the Currents

By Michael Scotti

Buysiders Get Another Arrow in their Quiver

By Nina Mehta

People On The Move

By Editorial Staff

Buyside Struggles to Stay Current

By Nina Mehta

The SEC's Andrew Donahue Discusses ...

By Editorial Staff

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