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Others are small, specialized firms called boutiques which might be oriented toward bond-trading, M&A advisory, technical analysis or program trading. Firms have lots of different areas and groups within them. In most firms, there is sales and trading which works with owners of securities, investment banking which works with issuers of securities (firms and governments) and capital markets which goes in between the other two. To get an idea of how a firm is organized, check out the products and services groups at Goldman Sachs. |
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