I am a rising junior intern at a large middle-market s&t firm rotating through their equities floor. I love the feel of the business and the work but have reservations about the future of the profession and if I would be better served recruiting for IBD. I begin recruiting for my rising senior summer in a few months.
The associates that I am interning with state there is a significant reduction in s&t volume in equities and that the future of the industry is at stake (due to easy/cheap liquidity through dark pools, etc). Is this a trend throughout all sectors of s&t or is this only a serious problem with equities? Is FX, credit, fixed-income, etc experiencing this same dry-up?
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