Wall Street Embrace Cross-Product Trading
Traders specializing in a single asset class are becoming rare as technological advances, the decline of floor trading and regulatory changes help traders overcome barriers between markets. "The ease with which any trading firm can enter a new market using a single technology has improved by a magnitude," said Scott DePetris, global head of accounts for Portware, a provider of automated trading. "If I'm trading commodities and I have a [foreign exchange] hedge, that's getting done simultaneously."
posted by Victor Lloyd Smith @ 3:59 PM
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