Operators in the Investment Banking and Securities Dealing industry provide underwriting, originating, market-making services for a range of financial instruments including, but not limited to, bonds, stocks and derivatives. Industry revenue growth was hindered during most of the period to 2017 due to structural changes made to trading services that industry operators were permitted to conduct. During the early portion of the period, industry revenue was stymied as a result of declining fixed income, commodities and currencies (FICC) trading revenue. These changes have forced the industry's smaller operators to evolve. However, the industry as a whole is expected to continue benefiting from continued macroeconomic activity and rising interest rates over the five years to 2022.
This industry is composed of companies and individuals that provide a range of securities services, including investment banking and broker-dealer trading services. They also offer banking and wealth management services and engage in proprietary trading (trading their own capital for a profit) to varying degrees. Investment banking services include securities underwriting and corporate financial services, while trading services include market making and broker-dealer services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.