Audio-How BIDS CEO learned early about order secrecy

May 7, 2007

mahoney1.jpgTim Mahoney, the chief executive of BIDS, says that what block trading venues are designed to do — execute institutional investors’ equities trades without signaling their intentions to the broader market — is just a technologically advanced way of doing what floor specialists at NYSE have done for years. That’s a lesson he learned first hand as a 17-year-old working on the floor of the New York Stock Exchange, Mahoney said, speaking to reporters at the Reuters Exchanges and Trading Summit.

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