29-10-2016 21:03 via feedproxy.google.com

Wall Street's trading desks need a new fitness routine

Wall Street trading desks need a new fitness routine.
That's a polite way of saying they're bloated, and they need to get leaner as costs rise and revenues fall.
It's the conclusion of a survey of 3,000 investors by Kevin McPartland at Greenwich Associates.
His primary conclusion — that trading operations need to get smarter, more focused on a smaller number of clients, and better at using technology — presents a challenge for Wall Street workers.
"Changing a business model that has
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