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BRIEF-Moody's Says Increased Profitability Underpins Positive Outlook For U.S. Exchanges, Retail Brokers
December 6, 2017 / 11:16 PM / 4 days ago

BRIEF-Moody's Says Increased Profitability Underpins Positive Outlook For U.S. Exchanges, Retail Brokers

Dec 6 (Reuters) - Moody’s :

* MOODY‘S SAYS INCREASED PROFITABILITY UNDERPINS POSITIVE OUTLOOK FOR U.S. EXCHANGES, RETAIL BROKERS; MARKET MAKERS STABLE

* MOODY‘S SAYS CONSOLIDATION HAS REINFORCED SCALE AT MAJOR U.S. EXCHANGE OPERATORS WHILE PROFITABILITY & MARGINS ARE EXPECTED TO REMAIN STRONG IN 2018

* MOODY‘S SAYS CHALLENGING OPERATING ENVIRONMENT PERSISTS FOR U.S. MARKET MAKERS AND ADVISORY BOUTIQUES, WHICH WILL HINDER MEANINGFUL REVENUE GROWTH Source text for Eikon:

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