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The Incredible Shrinking Brokerage List

Traders Magazine, November 2005

Nina Mehta

Broker lists are getting smaller. As commission rates continue to slide, buyside traders are paring back the number of brokers with whom they trade. The trend promises to drive stock trading into the hands of fewer and fewer very large or very specialized houses. "With commission rates coming down," says Robert Felvinci, co-head of U.S. growth equity trading at Alliance Capital Management, "the pool of commissions to pay for research and other services is getting smaller."

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