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The Buy-Side Trader Is Latest Job to Be Outsourced as Costs Rise

Bloomberg business news
Outsourcing Hits Buy-Side Traders as Firms Look to Trim Costs

To a growing number of asset managers, keeping a trading desk isn’t worth it any more.

There are the salaries, data feeds and computers. There are new technologies and sources of liquidity from dark pools to systematic internalizers to keep up with. Then there are the reams of rules -- perhaps you have heard of MiFID II.