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He notes that program traders have a commission cost advantage because of the quantity of their trades , that they have a smaller margin requirement than individual investors do and that they often can figure out earlier where the market is heading .
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Please list all entity words in the text that fit the category.Output format is "type1: word1; type2: word2". 
Option: date, organization, person, geographical social political, national religious political, facility, cardinal, location, work of art, law, event, product, ordinal, percent, time, quantity, money, language 
Text: {0} 
Answer:
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