Inside Abel Noser's Trading Floor
Founders Abel and Noser
Founders Gene Noser and Stan Abel (l. to r., at right), come to work every day (except Fridays). They launched the transaction cost analysis business in 1984 after conducting a study for the U.S. Department of Labor about trading costs for pension plans. Abel Noser had the ability to crunch the data. "We were told that trading costs couldn't be measured," recalls Abel, who shares an office with Noser.