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New Rules Affect Desk Culture

Traders Magazine, March 2012

Peter Chapman

What used to be a booklet is now getting to be the size of a telephone book. That's what's happening to Susquehanna Financial Group's "Written Supervisory Procedures," the set of policies and procedures that govern conduct in the trading room, said Michael Doherty, head of compliance at the brokerage. Because of a surfeit of new regulations, the firm's WSP has expanded significantly, requiring Susquehanna to spend more time and money on compliance.

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