2013 is a Year of Belt Tightening, Say Vendors
"We're seeing this anti-globalization trend where the Tier 1 brokers are opting not to take advantage of regulatory arbitrage, which is the term of last year," said Dan Hubscher, director of marketing at Object Trading. "The reality is, their entire business is ‘We're not going to be in it any more.' Projects aren't going forward. They're getting out of entire geographies, asset classes, turning down whole businesses in response to the regulation."
Regional banks have responded by jumping into
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