Meet Gene, a NASDAQ Market Maker Message Board

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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: bonnuss_in_austin who wrote (152)	7/29/2000 11:20:05 PM
From: gene_the_mm	Read Replies (1) of 1426

REGARDING MM'S CAREER SPAN... B-I-A... As the NASDAQ market changes so does the landscape of trades. With the face of the NASDAQ market changing so rapidly, it has become a frenetic pace that many older trades find uncomfortable and can no longer hack (not all of them but many). Thus, historical time spans no longer apply to this new paradigm of trading. The NASDAQ market requires lightning fast responses and is now what I consider to be a 'burn-out' business. I would guess that the career span of a very successful MM would be no longer than 15 years as an 'in-the-trenches' trader. After that time I think management positions or trading trainers are the best bet. This is purely my opinion but the nature of the business has gotten so brutal I can't see anyone lasting longer than that without having a nervous breakdown or heart-attack. All the best, -- Gene

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