One of Asia's top trading firms is shutting down a large chunk of its US businessThus is a story of human insight vs bots. The company wants the bot business, they wanna be in the sandbox.
Rick Gould, CEO of CLSA Americas said that the firm had always focused on providing US and global investors "differentiated insights on US stocks."
"While we succeeded in this regard, the economics of providing US equity research have become increasingly challenged," he said. "Our focus now is to continue to provide our clients access to liquidity and best execution.”
Tuesday, February 28, 2017
Sandbox effect on finance markets
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