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Cautious Optimism Reigns at TradeTech

Traders Magazine, April 2011

John D'Antona Jr.

The mood at the TradeTech USA conference, from Feb. 28 to March 2 in New York, was cautiously optimistic, as attendees adjusted to the lower volumes and reduced commissions of the new environment. Andrew Silverman, global co-head of electronic trading at Morgan Stanley, said that while trading volumes were up slightly in January versus his firm's projections, the crisis of confidence shown by investors brought on by last May 6's "flash crash" still remains.

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