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Susquehanna Cuts 15% of Employees at Brokerage Unit Amid Slump

Susquehanna International Group LLP eliminated 15 percent of the 200 jobs in its institutional brokerage this week as Wall Street copes with the worst trading environment since the 2008 financial crisis.

Susquehanna Financial Group, the closely held company’s brokerage that specializes in equity options, cut its trading, research and sales staff, according to David Pollard, the Bala Cynwyd, Pennsylvania-based firm’s head of strategic planning. Most reductions were at the New York office, he said.