For investors in equities like Compagnie Financière Tradition (SIX: CFT) the following graphs illustrate one of the problems facing the interdealer brokers: Falling Volume, Structural Changes in the Market
The SNB today discussed the reasons for this falling volume in the primary interbank market:
1. Internalising Flows
2. Banks are providing liquidity over alternative plattforms
3. Smaller banks are now often clients of the mega banks
The reasons above were cited by Fritz Zurbrügg of the SNB, June 19th 2014.