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hsbc considers outsourcing trading to citadel securities amid job concerns
HSBC is considering outsourcing its fixed income trading to firms like Citadel Securities and Jane Street to cut technology costs, raising concerns among its traders about job security. Meanwhile, Goldman Sachs' London office saw a 50% increase in investment banking fees last year, with average employee pay rising 16% to $764k. The competitive landscape in prime broking may shift if HSBC proceeds with the outsourcing plan.
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