Martin Whybrow, founding editor of the International Banking Systems Journal , looks at the return of rationalization in the trading sector.
What goes around comes around. After going quiet during the financial crisis, there is a push again to streamline and rationalize trading operations. There had been a fair amount of activity along these lines within tier one and two banks prior to 2008. Now, as the dust has gradually settled, the trend is reappearing. The business drivers are not much different but one question is whether there will be a utility aspect this time around? Those with long memories in this sector will recall some earlier initiatives to set up a bureau to support the trading operations of multiple banks. Perhaps this time, such endeavors will actually succeed.