5 billion in new bond issues in his first 18 months in business, the entrepreneur found himself struggling to survive in a market that forced even many bulge-bracket firms
out of the bond business.
Edwards is a finance industry veteran with over 25 years of experience in capital markets and credit at Macquarie Bank, Morgan Stanley, and other bulge-bracket firms
McPartland says that because a completely virtualised and highly utilised infrastructure is still years away for sell-side equities technology - 80 per cent of the bulge-bracket firms
are using server virtualisation but its use for trading applications is unlikely due to the latency penalty - a large gap exists between what is currently possible and actually done.
It's the way fiduciaries, institutions, bulge-bracket firms
(the most elite investment banks) and wealthy individuals that are determined to stay wealthy invest.
But the major Wall Street investment banking firms, also known as bulge-bracket firms
, felt little impact from the SEC probes.
While it remains much smaller than the bulge-bracket firms
, it is also much larger than most boutique or regional investment banks.
Sidoti, "That a professional with the experience Barbara Reguero can boast at bulge-bracket firms
has opted to join our firm as head of our micro-cap team speaks volumes about the validity of our efforts.
This is the result of various industry dynamics, including uncertainty due to regulatory reform, reduced capital dedicated to client trading activities at bulge-bracket firms
, and niche players unable to sustain their businesses in the face of capital deficiencies.
TowerGroup expects that during this span, bulge-bracket firms
will begin to replace their legacy infrastructure with low-latency technology offered by both new and established technology providers.
The buy-side has been unable to escape the troubles facing the sell-side bulge-bracket firms
, and cutbacks on the desk have become commonplace.
All but one of the top 10 dealers in TABB's dealer rankings are bulge-bracket firms
No matter how much the options market has grown recently, Nybo says, "traders' leading complaint continues to be liquidity," which favors bulge-bracket dealers delivering a full suite of services and all but one of the top 10 dealers in TABB's dealer rankings are bulge-bracket firms