Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.
August 27, 2012
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.
