Wednesday, August 17, 2016

Haitong stops taking some Brazil broker-dealer client orders -sources

SAO PAULO, Aug 17 (Reuters) - Haitong Securities Co Ltd's

Brazilian broker-dealer unit has stopped taking and processing

equity orders directly from some clients, two people with direct

knowledge of the matter said on Wednesday, the latest such step

by a brokerage as mounting competition and eroding trading fees

cut into profits.

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