Emerging-market economies—those that are newly industrialized but have not yet fully developed—have proven themselves attractive to global fixed-income investors over the past decade. The...
The MiFID II era began at the start of 2018, after years of buildup, uncertainty and preparation. The directives, intended to improve transparency in the investment process, were long predicted...
Asset managers can no longer rely upon consistent market appreciation as the main source of growth. As the industry matures, it will be much more difficult for institutional asset managers to...
Fixed-income trading profits have been on a tough road over the past decade, with low volume, low volatility, low rates, and a high cost of capital eating into what was once a cash cow. But as...
Technology has been both the cause and effect of massive change across the capital markets. Whereas technology was once fighting to keep up with the demands of the business, trading desk heads...
Descriptions of the foreign-exchange market tend toward the cliché. First, it’s inevitably highlighted as the largest market on Earth, turning over $5 trillion a day. Second, most note that it...
Electronic trading is an essential part of institutional investors’ workflow, and buy-side traders are increasingly asking brokers to customize trading algorithms to meet their specific...
The market structure for U.S. Treasury securities has been dominated by its clearing arrangements, which are little known and less understood by the great majority of market participants....
Diminished liquidity in global bond markets is fueling demand for fixed-income ETFs among institutional investors in Europe and the United States. A large majority of the institutions in the...
Over the past decade, companies across industries and around the world have embraced the customer experience as a strategic priority.
However, despite senior-level commitment and big...