Trading divisions struggle to slim
While some banks, such as UBS, have already cut into their fixed income, currency and commodities divisions, others have been reluctant to exit what was once a big driver of trading revenues. But new capital and leverage rules are forcing banks to …
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Vanguard chief defends high-frequency trading firms
The chief executive of Vanguard, which became the world's largest mutual fund company by championing low costs for the small investor, has ridden to the defence of high-frequency trading firms and dismissed suggestions that the stock market is “rigged”.
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JSE may launch probe into Abil trading
Johannesburg's stock exchange may probe trading in African Bank Investments Ltd. shares after the stock of South Africa's largest provider of unsecured loans rose the most in 12 years last week. African Bank climbed 11% to R12.20 on April 23, the …
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Italian stock trading falls 30% after FTT
Trading in Italian equities has slumped by 30% since the introduction of a financial transaction tax, led by a substantial decline in off-exchange activity, according to Credit Suisse. Italian stock trading falls 30% after FTT. The Swiss bank's latest …
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