M&A Activity in the Investment Industry Bodes Poorly for the Retail Investor
December 11, 2006 - I read a statistic the other day that the ten largest investment firms in the world, on any given day, control anywhere from 50% to 70% of the market volume on the New York Stock Exchange, with the top five largest firms each controlling about 7%-8% of the total share volume. That is an astounding testimony to how much control large companies have seized over market behavior, considering that last week, 70% of listed volume on the NYSE equated to almost 2 billion shares with a market worth of about $54 billion.
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1 comment December 11th, 2006
