Briargate traders make most of short workdays

09/10/2010 | Wall Street Journal, The

As trading has become more concentrated in first and last hours of session, which make up more than half of the day's volume, the founders of Briargate Trading, a proprietary-trading firm founded in 2008, spend the downtime playing golf or at the movies. They can attribute their freedom to high-frequency trading, which increases the focus of trading in the morning when the market opens and in the afternoon before it closes.

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