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Electronic Trading Survey Reveals Technology's Current Impact on Industry

Worldwide Business Research (WBR), a leading provider of large-scale conferences and strategic business intelligence, today announces the results of a survey conducted at its TradeTech USA 2009 conference.

The equity trader's conference, which ran from March 2nd- 4th in New York City, partnered with RBC Capital Markets to survey over 400 traders live at the event to determine how firms are adjusting to market conditions, employing technology, and how the industry will evolve in the near future.

With advancements in trading technologies, 63% of traders stated that there have been new efficiencies created by new trading technologies.
"The dramatic events of the past several months have shown us that the skills of experienced traders can not be replaced by technology, but must be enhanced by it. Traders require more speed and efficiency than ever before to navigate these difficult markets. Therefore, we are committed to providing advanced tools that support both buy-side and sell-side traders," said Jeremy Frommer, Head of Global Prime Services for RBC Capital Markets.

Still more than 60% of traders responded that electronic trading flow as a percentage of their overall trading volume will increase in 2009.
Further, a full 47% of respondents indicated that electronic execution accounts for 50% or less of their trades.

"We thought it staggering that with all the advancements in technology that almost half of the respondents are still routing as much as 50% of their orders the old-fashioned way, so to speak," said Debra Haym, General Manager of TradeTech North America.