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Goldman Sachs Discusses its Clearing Strategy

Battling through lower-volume expectations

Traders Magazine Online News, April 1, 2009

Gregory Bresiger

Clearing volume should be down some 15 to 20 percent this year, says Brian Duggan, chief executive officer of Goldman Sachs Execution and Clearing Services. That will pose challenges to clearing firms, especially institutional firms that depend on clients who record huge amounts of business, he says. The challenge is this:

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