FSA Pressures Reuters, Bloomberg
INDUSTRY FOCUS
Reuters’ share price fell last week following speculation that the Financial Services Authority’s (FSA) proposed ban on the use of soft commissions would put further pressure on its revenues and screen count.
Under a new policy proposed last week, the UK’s FSA suggests eliminating soft commissions, the practice where brokers provide market data terminals and other services to fund managers in return for business. The costs for these services are included in commissions, which are then passed
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