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Brokers Field Less Citi Volume

Traders Magazine, June 2011

John D'Antona Jr

As a result of Citi undergoing a 10-to-1 reverse split on May 9, traders---particularly on the floor of the New York Stock Exchange---are seeing a major downturn in trading volume and profit opportunity. Average daily volume has gone from roughly 480 million shares before the reversal to around 40 million afterward.

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