Pimco, State Street, Man Group & Others Back HUB A new technology and services provider, dubbed HUB, is being launched by investment manager Pimco, U.K. firm Man Group, custodian State Street, vendors IHS Markit and Microsoft, and consultancy McKinsey & Co. in an effort to offer a cloud-based platform “built by asset managers for… Read More >>
Innovation Will Thrive in 2021: Greenwich Associates
As we are seeing this week via domestic and international events, it is very difficult to make any predictions for 2021 let alone name the trends for the market structure facilitating securities trading and operations. However, market research firm Greenwich Associates in a new report, “Top Market Structure Trends for 2021,” authored by industry analysts… Read More >>
Did Compliance Pass the Test of Remote Traders?
The pandemic-induced lockdown put compliance systems to the test for many financial services firms because so many employees, including those on the trading floors, were suddenly working from home and more vulnerable to attack. At the same time, the pandemic put on hold cutting-edge, emerging technologies and their usefulness for compliance as firms braced themselves… Read More >>
Buy-Side Traders Are Surviving Electronic Trading
Buy-side traders may have one reason to breathe a little easier amid the pandemic-induced downturn and related market volatility. State-of-the-art, integrated, electronic transaction platforms are not likely to replace humans on the trading desks any time soon, according to researchers at market research firm Greenwich Associates. “The average number of traders on buy-side trading desks… Read More >>
Asset Managers Must Disrupt Hiring Practices: Report
The disruptions rocking the securities industry — fee compression and consolidation, artificial intelligence, big data, analytics and social media — are rippling through the asset management sector and compelling many to reconsider hiring practices for core business functions. This is according to a report from Greenwich Associates, “Top Asset Management Talent Will Need to Evolve…… Read More >>
Loyalty Erodes As Buy Side Rethinks Broker-Dealers
Market research firm Greenwich Associates has found that behind “a remarkably stable” ranking of the top broker-dealers serving the buy side, it is wrong to assume that blind loyalty is ruling the day. In fact, in a new report, “Customer Retention in an Age of Electronic Trading,” the researchers found that “beneath the surface buy-side… Read More >>
U.S. Institutional Investors Still Love ETFs
The love affair between U.S. institutional investors and exchange-traded funds (ETFs) is showing no signs of slowing down. A new report “ETFs: U.S. Institutions’ New Tool of Choice for Portfolio Construction,” from market research firm Greenwich Associates finds that “institutional investments in ETFs increased significantly in the United States in 2018. Average allocations by institutions… Read More >>
Buy-Side Traders Question Need for CAT: Report
The big data project, the consolidated audit trail (CAT) to collect every order, cancellation, modification and trade execution for all exchange-listed equities and options transacted via U.S. financial markets, apparently had some doubters on the buy side before the project hit a major snag earlier this month The concerns of buy-side equity traders about the… Read More >>
JPMorgan Extends ‘Algo Central’ via Bloomberg Terminal
JPMorgan is offering its clients access to its electronic foreign exchange (FX) trading service, Algo Central, via the Bloomberg Terminal and is the first global bank to do so, according to JPMorgan and Bloomberg officials. The bank is offering the Algo Central institutional execution services on the Bloomberg App Portal at {APPS <GO>}, and is… Read More >>
Volatility to Rock Timid Markets in 2019: Report
Global financial services markets are entering a “post-credit crisis” era marked by the fact that easy-money policies are ending, interest rates are heading up while markets are swinging down and a new volatility will rock this timid new world in 2019, according to predictions from Greenwich Associates. In its new report, the market research firm… Read More >>
