Madoff Aims At Paperless Floor In Market-Making Operation


When traders for Bernard L. Madoff Investment Securities moved to new offices at Third Avenue and 53d Street, they left the paper behind -- well, at least most of it. On September 1st -- three months after the move -- order tickets were eliminated.

70-80 percent of Madoff's orders are delivered electronically, and the rest are entered by traders into the Madoff Integrated Support System, which automatically prints tickets, says Peter Madoff, director of trading. "The clocks will be gone by the

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