Reuters (January 2)
Jane Street and Citadel Securities looked primed to seize “a much bigger slice of the $150 billion global-markets pie,” disrupting incumbent trading giants like JPMorgan, Morgan Stanley, Bank of America and Deutsche Bank “who in 2025 will notice electronic market-makers acting more like banks.” Until now, there’s been a “seemingly happy co-existence” with the electronic market makers focused on flow, but that “will end in 2025” when “the upstarts” flex their greatly expanded capital base to make “a fresh assault on bond and commodity trading.”
Tags: $150 billion, Banks, BoA, Bonds, Capital base, Citadel Securities, Commodity trading, Deutsche Bank, Disrupting, Electronic market-makers, Global markets, Incumbent, Jane Street, JPMorgan, Morgan Stanley, Trading giants
