The big squeeze; Share trading.(Banks, brokers and exchanges fight over share trading)
Economist (US), The, October, 2006
Banks, brokers and exchanges fight over the crumbs of share trading
FOR 20 years, share traders have, like Mark Twain, been able to scoff at reports of their own demise. In the wine bars of Wall Street and London's Square Mile, their voices (and shirts) are as loud as ever. But though stockmarkets are buoyant, the banks, brokers and exchanges where they work are grappling with forces that they can barely control. Aggressive customers, competition from computers and encroaching regulation are transforming the once-iconic business of trading.
Barely a week goes by without new signs of upheaval. Banks and brokers, whose commissions on equity trades have fallen by 6% a year over the past 20 years (see left-hand chart), are trying to steal some of the...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
