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Trading Technology

04:52 PM
Leslie Kramer, Contributing Writer
Leslie Kramer, Contributing Writer
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Evergreen Investments Reacts to Reg NMS, Increased Trading Columes and Robust Technology

Bob O'Brien explains how Reg NMS is driving the market and changing structures, reviving exchanges and affecting broker consolidations.

Evergreen Investments
Bob O'Brien
Head Trader for Equity and High Yield Trading

Evergreen Investments
200 Berkeley St.
Boston, MA 02116

Assets under management:

$250 billion.

Fund(s) for which you trade:


Types of products traded:

On our desk it's domestic and international equities. They run the gamut: small cap, mid cap and large cap. We also trade high-yield fixed income as well as some currency and some derivatives.

Daily volume in equities:

5 million shares in domestic equities with a rough market value of $120 million; $30 million in international; high yield is approximately $20 million daily.

Structure of trading department:

We have two international traders and two high-yield traders. We have three small- and mid-cap traders, and three large domestic traders. The domestic equity traders work as one unit, but basically the coverage is broken down into the small and mid, and the large. On our Charlotte [N.C.] trading desk we also have four traders that trade the private asset management product.

Previous Positions:

I started in the organization over 33 years ago, when it was Keystone Investment Management, in the transfer agency divisions. I moved through the fund accounting areas and joined the trading department over 25 years ago.


I graduated from Boston College with a bachelor's degree in economics. I subsequently attended Boston University evening college in the M.B.A. program, but I haven't yet completed it.

Vision for the Future

There is a movement toward the multi-asset trading platform. I can see where we will be more involved trading global issues, options and other derivative products in the future.

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