Article: Bright Lights of Trading.(Buyside Snapshot)

Byline: Gregory Bresiger

Tools work, but people are better. That sums up the philosophy of Ryan Larson, head equity trader of Voyageur Asset Management. He believes human judgment in trading has become more important as markets have become more electronic and fragmented. Larson says traders shouldn't overly rely on electronic trading tools. Why? They open up opportunities for gaming.

Consequently, in the race to achieve better executions through electronics, some tool-addicted traders fail when they give away strategies. It's like driving with your high beams on, says Larson, who trades both growth and value stocks. Larson is a passionate trading lifer. ...

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