Tuesday, June 30, 2009
Trading Costs vs. the Cost of Financial Services Firms' Other Services
Effecting trades for customers is a "product line" of major American financial services firms that recently has become substantially less costly (nominally, at least) for the firms' customers. Most of the firms' other "product lines," however, have yet to undergo substantially increased price competition. Although greater information availability, technical tools, and disintermediation opportunities are conductive to reduced costs-to-the-customer of those other "product lines," significant repricing has not yet occurred.
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