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A Pioneer in Electronic Trading Dies

SOES set the stage for today's auto-ex world

Traders Magazine, October 2008

Michael Scotti

Harvey Ira Houtkin, a man who helped launch the electronic trading revolution, died in late summer while on vacation near San Diego. The Brooklyn native was retired and living in Aventura, Fla. He was 59. Houtkin was a leading figure in the day-trading craze in equities that fueled the Internet bubble of the 1990s. From his perch as head of All-Tech Investment Securities, Houtkin gave retail investors direct access to the Nasdaq market through the Small Order Execution System, or SOES.

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