The buy side’s growing size and sophistication means banks have had to evolve to keep up with firms’ changing demands.
As we reported in our exploration of how banks are adapting to the all-powerful multi-manager funds, these types of client now make up a sizeable portion of the market. One market-maker even suggested that these funds can often trade five yards of flow a day each.
Now, if just one of these funds is doing roughly the same amount of flow as a regional bank, does that put them in the
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