06.01.2012 - Rising commodity turnover helps brokerages trim stock market losses
A doubling of commodity broking incomes, partly due to the shifting of retail clientele from equities markets to gold and silver futures traded on commodity exchanges, has to some extent stemmed the rot on the P&L accounts of brokerages which are reeling from reduced retail participation on the equity markets. In a few cases, the commodity broking business has begun to contribute half of overall broking revenues. Commodity broking turnover, said the head of an equities brokerage, traditionally contributed around 5-10% to a brokerage's overall turnover...............................................Full Article: Source
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