Trading volume increased in 2013.

Amid a dramatic slowdown in institutional trading volume of Japanese government bonds (JGBs), Mizuho Securities and Mitsubishi UFJ Morgan Stanley Securities maintained their momentum as the market’s leading dealers.

Regulatory-driven changes on the horizon will drive futures to become an important tool in foreign exchange traders’ toolbox.

Fueled by regulatory and client demand, use of third-party TCA vendors now surpasses both proprietary and broker-provided tools among equity, FX and fixed-income traders alike.

At the top of this market is a group of three dealers including BMO Capital Markets, RBC Capital Markets and CIBC.

Most swaps clearing members have been underpricing their offerings to gain market share since inception: This is about to end.

The report examines 486 buy-side firms’ trading technology usage and spend, as well as their satisfaction ratings of major vendors. 

This report provides detailed information on the institutional investment market across the United States.  

This report provides detailed information on the institutional investment market across Canada.  

Allocations to non-traditional products – namely real estate, infrastructure, and multi-asset class solutions – edged slightly higher in 2013.