BlackRock, the world’s largest money manager, expects to launch an internal trading platform next year in a move that would strike at the heart of the profit centres of many Wall Street firms.
BlackRock is hiring programmers and other high-tech workers to build the platform, expected to be one of the world’s largest.
The company moved its headquarters last year in part to make room for the expanded trading business, which will be housed in its BlackRock Solutions unit.
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