These firms will continue to provide a broad offering with, most likely, an even greater focus on flow business and electronic trading. They may seekto adjust the product mix in some businesses even further toward capital-lite, short-term products. In 2010, the top 13 global banks already accounted for 50 percent of global flow-rates revenues, a degree of consolidation that is likely torise. To achieve this, banks will continue to invest in technology while expanding their client franchises among top-tier institutional investors, in particular hedge funds and asset managers. Integrated offerings of prime services, clearing and collateral management will help secure client flows. Banks such as these can also utilize their extensive structure of legal entities.