European stockbroking is facing further consolidation in the next few years. Forthose firms not in the top half of the tables for pan-European research andexecution and for those that fail to make the top three slots in the individualcountry tables, survival will not be easy.
That is the stark conclusion of this year’s European brokers’ survey. Askedwhether the number of brokers they use in European markets is rising, falling orstable, over two-thirds of responding fund managers replied that the number wasfalling or stable.
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