Speed & Transparency 2015

I like this IBM interpretation of a recent EIU study of "Financial Markets 2015". In short: Financial Services are characterised by increasing speed & transparency, which leads to the evaporation of agency trade profitability. This shifts the balance of power towards the investor. Ultimately, the industry distinction between buy/sell side & processors may be replaced by principals & advisers. But of course, there's lots of other useful insights.