Seagate, off $4.50 at the close of trading, moved as high as $76 after hours.
The highest yield accepted by the government at the auction was 0.498 percent, so two-year notes already trading moved closer to that yield.
"We were seen as the nerds of the floor," says Mr Elzinga.As trading moved to screens, Optiver and IMC invested in technology to do those same calculations faster.
This cheap infrastructure allowed firms to launch an entirely new discount brokerage model and the value proposition was a great success in the space of barely one year, one third of all OTC trading moved away from the major firms.
During that same period, the NYSE's international trading moved from 40 to 140 million shares a day.
Yet after he got out, he went back into the trade, moving ganja and a little cocaine with a new generation of Mexican traffickers.
It was the first post-Soviet country to join the WTO and has a robust re-export trade, moving Chinese goods to post-Soviet markets, notably Russia and Kazakhstan.
So you have an ancient joint-stock company surviving the decline of the fur trade, moving into retailing, going through changes of ownership, then finally becoming a joint-stock company again.
There they can trade stocks and currencies among themselves, often anonymously, without their trades moving the prices the way they would on the open market.
With the garment trade moving offshore, a lot of old companies were for sale, and Hays could buy them cheaply and, at the same time, earn the gratitude of the union by saving jobs.
