Fidelity Investments is closing one of its British subsidiaries, Fidelity Brokerage Services, and is close to selling a second, Global Brokerage Services. The steps mark a major U-turn in the company's international strategy, where it is now de-emphasizing its retail clientele in favor of institutional investors.
"Three months ago Fidelity was focusing on servicing its retail investment business," observes a source who had worked at GBS and asked not to be identified. "Three months later it's
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.Subscribe to Weekly Wrap emails