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If, as seems likely, Congress chooses to eliminate or minimize the disclosure of customer trades, and if it allows custom derivatives to remain almost completely opaque and without visible pricing of credit, that will encourage some corporate customers to prefer customized contracts.
A firm may simply be so inept that it keeps losing money on customer trades.
The rest of its trading income comes from hedging and "client facilitation" (taking the other side of customer trades).
By teaming up with ICE, the company would add a much-needed platform to settle customer trades.
"There were no unusual losses or write-offs, no difficult positions, just generally slower activity and fewer customer trades".
Those include settling customer trades, insuring safekeeping of the securities, servicing customer transfers and providing information about the portfolio.
Similar(35)
Schwab cited higher customer trading activity in July for the increase.
This week, Ameritrade Holdings said that it would lay off 230 employees to adjust for a slowing in customer trading.
Merrill's proprietary traders received tips from colleagues on the firm's market-making desk about confidential customer trade orders, according to the S.E.C.
Schwab said customer trading activity fell for the second consecutive month in February, dropping 31percentt from a year earlier, to 244,600 trades a day.
Is that all facilitating customer trading?
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