'Electronification' To Become New Face Of Fixed Income Trading
By Radi Khasawneh
Published: April 4 2011 Financial News
Investment banks will have to invest hundreds of millions of dollars and shift towards electronic trading and central clearing as they try to stem the tide of steadily declining profits from their fixed-income business hit by tougher reputation and higher capital requirements, Morgan Stanley and Oliver Wyman said in a report.
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