With Banks and brokerage firms forced to conserve cash, there is less capital available to support trading.

随着银行和经纪公司被迫储备现金，用于支持交易的资金就会减少。

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Moreover, investment Banks are less highly valued than less glamorous commercial Banks and retail brokerage firms.

还有，人们对投资银行的评价低于那些并不那么显赫的商业银行以及零售经纪人公司。

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And all the minority firms in the nation combined do less brokerage business than a single consulting firm such as Wilshire.

FORBES: Minority-Owned Brokerages vs. Pension Brokers: Fighting for the Same Commission Dollars (January 1, 2002 )

Likewise, some personality types will flourish under the freedom that is gained by leaving the restraints of the heavily compliance-oriented, less entrepreneur brokerage firms.

FORBES: The Future Of The Wirehouses - And Its Advisors

Funds that trade less should have lower brokerage costs, lower tax bills and higher net returns.

WSJ: The Intelligent Investor: The New Supercharged Index Funds