BlackRock Challenging Wall Street Is Only Half the Story
BlackRock has a plan to make Wall Street obsolete, according to the buzz these days. But that's only half the story.
By Julie Segal
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There’s a lot of talk lately about BlackRock’s plans to cut out the Wall Street dealers by crossing its own trades as well as those of clients that use technology platforms from its BlackRock Solutions arm.
But the discussion is missing the larger story of changes that are taking place on Wall Street as a result of new regulations and deleveraging after the 2008 financial crisis.....