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The incredibly shrinking stock-trading business
DAVID PARKINSON
— The Globe and Mail
Published
Last updated
Both sides of the investing business have felt the impact of slash-and-burn cost-cutting tactics in recent weeks, from the 10,000 jobs to be cut at investment banking giant UBS AG to the $250-million (U.S.) of savings targeted by market operator NYSE Euronext Inc. If trading stocks isn’t a dying art, it’s certainly a shrinking one.
