10. The following two quotations are from an article in the Wall Street Journal: Brokerage firms in...

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10. The following two quotations are from an article in the Wall Street Journal:

Brokerage firms in the business, which tiptoed back into program trading after the post-crash furor died down, argue that such strategies as stock-index arbitrage—rapid trading between stock index futures and stocks to capture fleeting price differences—link two related markets and thus benefit both.

The second quotation in the article is from a senior vice president at Twenty-First Securities Corp:

Program trading is a product that is here, links markets, and it is not going to disappear. It is a function of the computerization of Wall Street.6 Do you agree with these statements?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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