Unsurprisingly, New York tops the US financial centre rankings for attracting investment, but its outflows outstripped inflows by a considerable margin, as Silvia Pavoni reports.
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Virtu Financial seems to have overcome the controversy surrounding high-frequency trading to achieve growing acceptance as an alternative market-maker at a time when bank dealers are shrinking. The company's senior vice-president, John Shay, explains its strategy.
Regulators in Europe and the US are still dealing with a backlog of cross-border problems in the over-the-counter derivatives market. Are these issues resolvable, and what is at stake if they are not? By Michael Watt.