The Agency Revolution
Is the independent agency brokerage business model a viable one for the 21st century or are these brokerages doomed to become offerings from larger financial firms?
Take the announcement of Liquidnet's planned acquisition of Miletus Trading, for example. The deal bodes well for both parties. For Liquidnet, the deal will remove impediments to potential orders, or indications of interest, as more institutions look for simultaneous representation in block-crossing networks and algorithms. Miletus
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