A pedestrian enters the Bank of America Merrill Lynch headquarters in London, U.K., on Monday, Jan. 18, 2010. Bank of America Merrill Lynch is helping more than a dozen multibillion dollar international hedge funds set up or reestablish a presence in Hong Kong and Singapore as the U.S. and Europe increase industry regulation. Photographer: Simon Dawson/Bloomberg
| Simon Dawson/Bloomberg
Brazil-based BTG Pactual may provide the best research in Latin America, but global banks outshine local firms when it comes to trading services.
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