Trade Ideas grows, finds traction

Trade Ideas Limited, the industry utility established by investment banks Citi, Credit Suisse, Dresdner Kleinwort and Merrill Lynch to expand the use of equity trade ideas, reports that 265 brokerages, hedge funds and long-only investment managers in the UK, US and Far East have joined the platform. This is an increase of 124 firms (88%) from a year ago. According to Trade Ideas, 6,364 new equity trade ideas were entered into the Repository and Distribution Centre (RDC) - the server hub that