The financial crisis has cast light on some very complex structures that are difficult to understand – and few more so than the board of directors of Citigroup.
Widely vaunted over the past year as the next big thing for the European equities markets, dark pools have suffered in recent weeks amid market volatility and growing concerns about counterparty risk, following the collapse of Lehman Brothers and doubts about the viability of other large institutions.
Investment managers have been clamouring for research during the recent period of extreme market volatility. Demand for new sources of research as well as traditional sellside reports has exploded in the past months, which analysts say will boost interest in technology platforms that manage information.