Tags: FT BlackRock to Start In-House Trading Business

FT: BlackRock to Start In-House Trading Business

Wednesday, 29 Dec 2010 08:00 AM


BlackRock plans to launch an in-house trading platform next year, the Financial Times reported.

BlackRock plans to help its clients trade with each other without going to a Wall Street bank, the newspaper said.

The world's largest money manager is hiring programmers and other staff for the launch, according to the report.

Setting up the internal trading platform could allow the company to lower trading costs, BlackRock President Rob Kapito told the Financial Times.

A BlackRock spokesman did not immediately respond to a call seeking a comment.

© 2015 Thomson/Reuters. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved