Established players are adapting to the new environment, offering new products and services to please their growing client base. Meanwhile, companies in new and niche markets are capitalising on their expertise. The stage is set for a 2005 where the established, new and niche players will compete to gain market share.
A dreary fixed-income and equity market saw investors drawn to high commodity returns and volatility. In energy, over-the-counter energy trading volumes increased, hedge f