Brokers' revenue is at stake as U.S. swaps rules take effect

01/3/2013 | Reuters

U.S. swaps rules are expected to drive some business away from brokers and to exchanges, shifting hundreds of millions of dollars of revenue. "It is going to be tough for the brokers. The exchanges are huge with deep pockets and they are not the types of companies you'd want invading your space," says Simmy Grewal of Aite Group.

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