In The Trading Wars, This Swiss Bank Is Anything But Neutral

The Park Avenue headquarters of UBS Securities Inc. is pretty much what you might expect of an eminent Swiss bank. The tone is hushed and decorous. Security is provided by self-propelled, glass revolving doors. But on the seventh floor, the air is tinged with unSwisslike excitement. Neatly arrayed are NeXT Computer Inc. workstations that can spit out transactions and graphs in the twitch of an eye. "People may be going after what we're going after," says equities-technology manager Hadar Pedhazur, "but we can pounce on it first. The people who can pounce first are going to make money."

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