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Equity Trading Volume Collapse Bodes Badly For Banks

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Tue, 13 Mar 12 7:13 AM | 29 view(s)
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Submitted by Tyler Durden on 03/12/2012 - 16:05 New York Stock Exchange

With two minutes to go, aggregate volume on the NYSE was running almost 30% below its average run-rate for the year-to-date. We ended the day with the worst volume of the year so far, down 25% below its average YTD. What should be more worrisome is banks' revenues which are being hurt by lower risk-weighted inventories, decreasing net interest margins thanks to the Fed, and now mind-numbingly low equity trading volumes (-19% QoQ sequential for the past two quarters) - especially as we are granted access to the Fed's stress tests this weeks (and the inevitable PR-driven requests for dividends and their following hype).


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http://www.zerohedge.com/news/equity-trading-volume-collapse-bodes-badly-banks




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