|
IN ADDITION |
|
Change in the equities world is coming – and coming in the most disruptive fashion since the advent of electronic trading in the 1990s.
With a shrinking overall wallet size, growing volumes and falling fees, the entrance of non-bank players, onerous new regulations on research provision and the introduction of new infrastructure for trading in Europe, the equity market is going through a period of intense change.
As a result, almost all of the banks involved in the market have been making big adjustments to their business models: investing heavily in technology and changing their client and regional focus.
In a 2016 study, Oliver Wyman, in conjunction with Morgan Stanley, estimated that from 2009 through 2015, the top equities banks took in about $5 billion of economic profit every year after cost of capital.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
