By: Samuel Belden, Forefront Communications

Originally published on TabbForum 

Here is a look at how five Wall Street firms in different parts of the market handled the difficulties associated with the pandemic and remote work. They include an agency broker, a market maker, a block trading venue, a risk management provider and a market data solutions provider.

There are certain years that stand out in the collective memory of the financial services industry: 1929, 2000, 2008. Although we’re just over two-thirds of the way through the year, 2020 is poised to join this group. The coronavirus pandemic led to unprecedented spikes in volumes and volatility in markets around the world, while also forcing most capital markets employees to work from home, creating a two-pronged crisis for investors and the firms who service them.

In times of turmoil, these companies take on even greater importance, and the past few months have been no exception. With markets moving at a dizzying pace, the margin for error is that much smaller. Fortunately, firms across the industry have risen to the occasion, proving their worth amid difficult conditions and ultimately helping their clients weather the worst of the storm.

Today, we’ll profile five financial companies and the issues they faced during this period and how they coped as an organization both internally and externally. Firms profiled include an agency broker, a market maker, a block trading venue, a risk management provider and a market data solutions provider.