A combination of changes, including: rising interest rates, a less zealous regulatory environment, tax cuts, and overall optimism among business owners will provide a much-needed profit boost for...

The exchange-operated opening and closing auctions or “crosses” are becoming an increasingly important part of the trading day, as passive investing continues to grow and traders look for...

Executive Summary The buy side today has access to data and information that would have been unheard of 20 years ago. Whereas in the past they relied primarily on research and information from...

Regulations put in place since the global financial crisis have tightened compliance and documentation standards for banks—in some cases dramatically. These new demands have had a meaningful negative...

Technology has long been a driving force in the evolution of trading and the transformation of the relationship between buy-side traders and their brokers. Electronic FIX communication in the early...

Investors continue to express frustration with credit market liquidity, but massive efforts undertaken by market participants and service providers are finally starting to ease the pain. Success has...

2016 will go down as the Year of the Unexpected, as Brexit, Trump and the Chicago Cubs upended “likely outcomes.” In that same vein, a liquidity crisis failed to emerge in the bond market, and the...

Pay levels in the asset management industry are on the decline in 2016—marking the second consecutive year of reduced compensation for professionals at traditional asset management firms and the...

Just as the U.S. swaps market was starting to feel some market structure certainty, the political situation in Washington was upended, bringing uncertainty back. The Republican president and...

Though MiFID II implementation is still well over a year away, larger global and European asset managers are already taking actions to address its core requirement to separate payment for research...