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Electronic execution of trades is increasingly popular, as a down market pushes portfolio managers to find savings.
In that environment, Toronto's Global Maxfin Capital is bringing on an established electronic trading team that recently left Northland Capital Partners.
The new team at Global Maxfin includes traders Steve Burns and Kent Learoyd and salesman Dave Irwin.
Electronic trading has the advantage for brokers of soaking up next to no capital, other than for technology costs, which also makes it an option that's growing in popularity.