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Cover Story: Overnight Block Business Surges

Traders Magazine Online News, June 7, 2013

Gregg Wirth

There’s a hot new game on Wall Street: playing with blocks overnight. Investment banks are putting their cash on the line, buying up these blocks in the hope they can resell them quickly for a profit, without getting left holding the bag—and the stock. This month's cover story examines how the brokers manage moving these blocks around.

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