With the European Union's revised Markets in Financial Instruments Directive set to overhaul trading, Bank of America Merrill Lynch, Exane BNP Paribas, JPMorgan, Morgan Stanley, and UBS look "well positioned" to compete in the new landscape,...
Virtually every prominent bank has recently made several key hires for its fixed income business,” says James Borger. “They’re not thinking about quarterly changes to revenues when signing off on hiring – they’ve made a conscious decision to build...
RBC Capital Markets is widening it lead over rival firms in Canadian fixed income by investing in both technology and the human touch, according to rankings from Greenwich Associates.
“Investors recognize the need to compensate their brokers for services like research and liquidity,” said Richard Johnson.
U.S. and European fund managers will probably cut more than $300 million from their research budgets, according to a survey earlier this year by Greenwich Associates. This equates to a 7 percent drop in commission spend for European firms and 5...
What do they use it for? According to Greenwich Associates, the most common institutional investor uses for social media are for getting news and market updates (48%), researching industries (47%), and viewing manager commentaries (44%). And 38% use...
“Investors recognize the need to compensate their brokers for services like research and liquidity,” said Richard Johnson. “As a result, they continue to direct trading volume to higher-priced ‘high-touch’ trades executed through broker sales...
James Borger, at Greenwich Associates, said the advisory company hasn’t “seen this level of bank-to-bank personnel movement since pre-crisis years.”
To be sure, Citadel has made inroads, according to analysts who follow the market. Citadel is "one of the only notable new entrants," and they're having an outsize impact on the market, says Kevin McPartland, an analyst at Greenwich Associate
More than 80 per cent of US corporate bond investors now use some form of electronic trading, according to a 2016 survey by Greenwich Associates, having more than doubled over the past decade.
