U.S. Banks Take on More Stock Risk in Europe Share Grab
- Wall Street firms offer more risk for cash equity trades
- Europe’s MiFID II rules will upend trading, fee structure
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Wall Street firms jockeying for position in European cash equity trading have been increasing the amount of risk they are taking on to lure business, according to people familiar with the matter.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc. are among banks that are increasingly willing to use their own balance sheet to increase the number and size of client trades, said the people, who asked not to be named citing confidentiality.