The Death of Agency?
THE DALY CLOSE
The report, entitled "The Trader is Dead, Long Live the Trader!" provides a looking glass into the future, offering up a view of the global financial markets in 2015.
The outlook for the agency brokerage model isn't pretty.
The report doesn't predict that the agency model will disappear anytime soon, but the days of 38 percent profit margins will soon be over. As markets become more efficient by providing increased transparency and faster transaction speeds, those firms that rely on simply being
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