In Connecticut, the Twilight of a Trading Hub


As recently as 2010, banks had large work forces near the Metro-North train station in Stamford, Conn.CreditBryan Thomas for The New York Times

For years, traders and bankers would gather for “power hour” at the Morton’s steakhouse across the street from the train station in Stamford, Conn. Morton’s red awning waved like an invitation at the base of a hulking 13-story building that held the operations of the Swiss bank UBS.

After the trading day ended at 4 p.m., the UBS traders would file downstairs from what was said to be the largest trading floor in the world, and others would meander in from the similarly imposing American headquarters of the British bank RBS nearby. Morton’s red leather chairs would be filled with men in slacks and button-down shirts, knocking back WiAnno oysters and vintage reds from their personal wine lockers…

In Connecticut, the Twilight of a Trading Hub

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