Smaller brokers move into the fast lane

The top-tier financial institutions have suffered much over the past year. However, their losses may be the gains of other, smaller companies that are well positioned to take advantage of the openings created by the sweeping changes in the European capital markets.

As the transformations brought about by the EU markets in financial instruments directive (Mifid) began to take hold and alternative trading platforms sprung up, smaller brokerages saw revenue opportunities. Despite being eager to