Integrate to accumulate

Cross-asset strategy

First came the establishment of a global derivatives platform. Stage two was to merge cash and derivatives. But a number of leading dealers believe the most important step in the evolution of the derivatives market is to merge business units covering different asset classes, such as interest rates, credit, equities, commodities and foreign exchange.

At first sight, the benefits of adopting such an approach appear obvious. The world is changing; clients increasingly want combined asset and