Neovest Exits Brokerage Business
ORGANIZATION AND MANAGEMENT
OREM, Utah--Brokerage and trading technology vendor Neovest is moving away from the broker-dealer business and will focus on execution and technology sales. Toward that end, Neovest has laid off eight operations staff and severed four traders from its broker-dealer operation, officials confirmed last week.
The move was long anticipated within the firm and is reflective of its strategy to become a pure technology vendor and market-access provider, says CEO Bryce Byers. The layoffs aren’t
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