IMC desk shutdown points to cost pressure

Jun 12, 2012

Stamp duty is seen as prohibitively expensive for high-frequency traders after IMC shuts its Hong Kong trading desk and makes two-thirds of its HK staff redundant.

IMC desk shutdown points to cost pressure

The closure of IMC’s Hong Kong trading desk late last month has highlighted the cost pressures faced by high-frequency trading firms. The company is following an emerging trend of moving to a model in which one office serves multiple markets across one time-zone.

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