Newedge restructures to meet costs, vows job cuts

Dec 16, 2012

New capital requirements, sustained low interest rates and falling commissions from derivatives trading have compelled the agency brokerage to readjust.

Newedge restructures to meet costs, vows job cuts

An environment of sustained low interest rates and falling commissions for derivatives broking has compelled Newedge into a restructuring that it sees as a necessary step towards consolidating its business lines.

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