The Investment Banking and Securities Brokerage industry has endured extensive volatility since the onset of financial crisis. Some operators were much more severely affected by the financial crisis and were ill positioned to profit from the market conditions that followed. The industry is expected to expand consistently over the five years through 2015-16, despite sweeping regulatory changes, intermittent scandals, large fines for misconduct and difficult economic conditions stifling progress at the start of the period in particular. After a large contraction in 2008-09, the industry quickly bounced back as unstable conditions drove up both trading volumes and margins.
Investment banks and securities brokers act as intermediaries between those wishing to raise capital (the sell side) and those able to provide it (the buy side). They also facilitate secondary securities trading. Services to the sell side include underwriting capital raisings and advising on mergers and acquisitions. On the buy side, services include research and trading. Investment banks also undertake proprietary trading on their own account.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.