London Forex Brokers Cut Jobs As U.K. Market Volumes Drop
BROKERS
Three major money broking companies in London have announced staff cuts made over the past four months due to declines in trading volumes in the FX and bond markets. Exco, Prebon Yamane and Martin Bierbaum have between them cut some 150 brokers and administrative staff since the beginning of the year, officials say.
David Hagan, chairman of Trio Holdings, which owns Bierbaum, says that a net reduction of 60 to 70 employees from the broker's worldwide operations had taken place since February
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