Broker Consolidation Points To New Shape Of The Market
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LONDON--The unprecedented level of mergers and acquisitions activity among the UK's major brokers in recent weeks has provided a wake-up call to the new dealing environment in London, which is likely to be increasingly grounded in technology and market globalization, say industry officials.
The trend towards consolidation in the broking market reflects similar activity in the banking sector; where the formula has not been to double-up resources, but rather to increase the revenue base for future
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