The Year Stock Traders Became an Endangered Wall Street Species
(Bloomberg) — Somehow, the longest bull market in stocks has completely bypassed banks’ equities traders. Buying and selling shares for clients such as hedge funds, mutual funds and other investors used to be a key business for investment banks. They built up large trading desks during the stock market booms in the 1990s and early 2000s …
News story posted on 2019-12-23T05:27:00.0000000Z
