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A low-profile, high-volume exchange
NASDAQ market-makers short, butcher, and order stocks.
For Robert Knezevic, taking a puff on a cigar in between trades helps alleviate some of the stress...even at 9:30 a.m.
That's when the market first opens.
"You have to have intestinal fortitude to do this job," he quips. He is a senior vice president of over-the-counter trading at McDonald & Company Securities Inc. here in Cleveland.
Much of Knezevic's day is spent making a market for stocks that are traded on the National Association of Securities Dealers Automated Quotation (NASDAQ) system.
He enters a name, such as SUDS (which is …