FICC bilateral trading? Not enough incentive for the buy-side

As research suggests multi-dealer platforms are increasingly costly for market participants, Annabel Smith explores whether this has encouraged FICC traders to move away from multi-dealer towards bilateral trading. 

March Madness 2.0: The Archegos fallout

The disastrous entanglement with Archegos Capital Management and its spectacular collapse has left the prime brokerage industry reeling with over $10 billion in losses across the Street. The event has resulted in a major shift in attitudes around risk management, but how far-reaching will these changes be on their reIationships with clients? Asks Joe Parsons.