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.
Greece aside, European banks have sustained a recovery in their performance in the 2015 ranking. But the willingness of the largest European players to act as global banks is clearly declining and emerging market champions are not quite ready to assume the cross-border mantle just yet.