BETWEEN THE LINES
BETWEEN THE LINES
TULLETT & TOKYO SHUTS DOWN LIBERTY DIRECT
After months of explosive growth in the electronic fixed income arena, Tullett & Tokyo Liberty's electronic platform for US Treasuries, Liberty Direct, became the first system to fold. Massive consolidation and the lessening of profit margins in the fixed income marketplace have been cited as reasons why the system was taken down.
Approximately 50 Tullett & Tokyo employees were let go last week, with casualties occurring not only in its electronic business
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