"There are fewer things that can break," one Wall Street CTO says.

Vela Trading Technologies is one firm on the acquisition trail.

'Old-school' brokers who don't adapt may find themselves driving for Uber.

Millennials seek the most streamlined user experience.

MiFID II is spurring innovation.

Digitalization of capital markets processes is a challenge for investment banks.

Costs for trading French and German equities have fallen.

Brexit-related fragmentation could require banks to hold additional equity capital.

Fund managers eye new counterparties and peer-to-peer liquidity platforms.