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They don't, there are chinese walls in between the analysis and trading groups. Research is a product most banks sell, if you don't purchase it, you don't get it.



There are supposed to be Chinese walls. If you read the article about Ted Parmigiani in last Sunday's New York Times, it seems the walls can be like the one in A Midsummer Night's dream. http://www.nytimes.com/2012/05/20/business/is-insider-tradin...




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