Remove Broker Remove Bulge Bracket Remove Investment Banking
article thumbnail

The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

According to Coalition Greenwich, the top dozen investment banks offering prime services saw revenues rise to a record $20.4 Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% That’s adding a level of interest in the sector again by allocators. billion in 2023.

Broker 69
article thumbnail

Trading at the frontier

The TRADE

Historically, investment banking and trading was fairly wild and there was a lack of control generally in terms of the way banks managed traders, P&L and risk,” he adds. Due to lower demand, bulge brackets will sometimes not cater for the particulars of what frontier traders are looking to execute. “Say

Trading 59
article thumbnail

The 20 greatest trading innovations

The TRADE

Given the proliferation of high frequency trading (HFT) several investment banks chose to launch these alternative trading systems (ATS) as a means of protecting institutional clients who are typically slower to execute. In years gone by, buy-side firms have placed orders via a sell-side broker to be traded on exchange.

Trading 120