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Traders, July, 2000 by Reporter, Select
J.C. Bradford
Most traders at Nashville's J.C. Bradford & Co. are jobless following PaineWebber's takeover of the retail brokerage, according to desk head Larry Elmore. Only three of 31 Nasdaq and listed traders took posts with PaineWebber. The rest have either departed or will leave after a summer-long transition period. The traders are part of a group of 550 J.C. Bradford employees, representing 55 percent of the workforce, that received pink slips in the wake of the $620 million deal.
Elmore, a 14-year veteran with Bradford, says he has had job offers, but has not made a career decision. Nasdaq market making is being transferred to PaineWebber's desk in New York. The big wirehouse chose to pick up only 90 of the 250 stocks Bradford traded.
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