Industry Watch - Consolidation of the stock specialist area, once a separate niche in the securities trading field, continues. The specialists, who maintain orderly markets on exchange floors, are either merging or being acquired by banking houses, notably Goldman Sachs. Globalization of securities trading and the need for more capital are primary drivers of the dealmaking.
Year of publication:
Mergers & acquisitions. - New York, NY : Investment Dealers' Digest, ISSN 0026-0010, ZDB-ID 8628555. - Vol. 37.2002, 7, p. 19-20