Financial Times – By Philip Stafford and Arash Massoudi – June 17, 2012
Some of the most successful companies of recent years on both sides of the Atlantic are cutting jobs and consolidating technology as they seek out new markets and asset classes, like foreign exchange and fixed-income trading.
The industry upheaval, amid regulatory scrutiny, is a further sign of the impact of the prolonged slump in trading activity on equity markets. Last week it emerged Getco, the US group, was cutting 10 per cent of its workforce.
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