Source: www.breakingviews.com is Europe’s leading financial commentary service.
Europe’s equity industry is preparing to replace people with machines. Some trading floor chiefs are even talking about an impending arms race, as firms vie to offer the latest execution capabilities so that their clients can make, or lose, that million euros a nanosecond faster.
But will the industry really concentrate into a few execution powerhouses?
During the bear market, investment banks saw little point in investing in the equities business.
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