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Why don't their clients trade directly on the exchange? What value does GS provide here?
by olalonde 9y ago
Why don't their clients trade directly on the exchange? What value does GS provide here?
- dragonwriter 9y ago> Why don't their clients trade directly on the exchange? Because to do that with funds in a GS account that you use for trading other things, you have to take the money out, which adds friction?
- vostok 9y agoYou still need to clear the trades even if you directly trade on the exchange. It's just not worth the expense for the vast majority of customers to maintain clearing memberships for every single product at every single clearing house.