Trends in Equities Trading 2018 — Stable Headlands at the Confluence of High- & Low-touch Services
This report reviews the 2018 state of the equities market structure from an investment banking perspective in terms of the utilisation of trading technology and in terms of business model positioning and design. Following a decade of turmoil, equities markets have nearly completed the transition from low-volume, high-value, voice-dominated high-touch trading models to high-volume, low-touch e-trading models. The report demonstrates that sellside equities execution franchises are once again stabilising both their top-line revenue and headcount figures as banks settle into new business models following the financial crisis era regulatory challenges for traditional, voice-centric, proprietary trading business models.
