"There were people who said in the early 1970's that we should get rid of all of our businesses except institutional brokerage," said Mr. Robert.

The firm provides clients with capital markets and financial advisory services, institutional brokerage, securities research, and asset management.

Morgan Stanley's institutional brokerage and asset management businesses in Japan, which employ about 1,500 people, are not affected.

Jesup & Lamont is a small old-line firm that specializes in institutional brokerage and also provides money management, corporate finance and research.

Her father is a director and senior vice president of Robert Fleming Inc., an institutional brokerage in New York.

"The retail brokerage business is lousy and I want to get into institutional brokerage," he said.

The bridegroom, 45, is the founder, chairman and chief executive of Blaylock & Company, an institutional brokerage and asset management firm in New York.

ITG completed its purchase of Radical Corporation, a provider of direct access trading to the institutional brokerage and hedge fund community, in 2004.

Mr. Lau, also 30, is a vice president for strategic planning at Instinet, the institutional brokerage and electronic trading network in Manhattan.

One willing to say so publicly was Robert A. Anderson, first vice president of Southeast Research Partners, an institutional brokerage and research firm.