In age of constraints, top dealers pick their battles
Dealer Rankings 2023: Three US banks are consistently top 10; none are consistently top five
This article is part of the Dealer Rankings 2023. You can find the overview article here, analysis of the results by instrument and end-user here, and a detailed methodology here.
There was a time when dealers claimed their goal was to be a one-stop-shop, offering all things to all people. That kind of talk died away during the past decade as regulators raised the cost of big balance sheets
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