The number of US brokers has fallen to 85 from 154 seven years ago
US money managers face the prospect of dwindling
competition among the brokers that service their orders because
tough rules on clearing and execution are forcing smaller US
firms out of business, a report has found.
Research firm Tabb Group said in a second quarter trading
report nine regional US futures brokers registered with the
Commodity Futures Trading Commission (CFTC) quit the business
in the three months to the end of June.
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