The Bond Buyer: Competition over the last decade has driven incredible innovation, which is why the market is where it is today, said Kevin McPartland, head of market strategy and technology research at Greenwich Coalition.
The Desk: Tradeweb is acquiring Trumid in a US$1.97 billion deal, further consolidating the fixed income e-trading landscape.
Bloomberg: Tradeweb Markets Inc. struck a deal to buy Trumid Holdings, an electronic credit-trading platform, for about $1.97 billion.
Financial News: A surge in trading revenue at big banks has stemmed the outflow of talent to hedge funds, with some portfolio managers coming full circle
Capital Brief: Plus: US annual inflation rises to 3.7%; Musk’s satellites drop out on Kyiv; Fed hike fears burn debt-laden AI stocks.
Investment News: Nearly one in four affluent investors in the United States now holds both an advisor-led account and a self-directed investment platform - a pattern that new research identifies as a growing retention challenge for wealth management...
The Wall Street Journal: Good morning. I met with Bloomberg CEO Vlad Kliatchko who explained the next step in the company’s unfolding AI strategy and why he believes it’s too early to think about driving ROI from those investments.
FOW: A Coalition Greenwich study found that roughly 29% of buy-side professionals from large firms use an EMS for fixed-income trading and strongly prefer third-party solutions but market-wide, the figures are closer to 15%, as many smaller and...
The Wall Street Journal: Investment banking revenues are up, and wealth-management divisions are winning new AI millionaires as client
Institutional Asset Manager: Research from Crisil Coalition Greenwich, conducted in partnership with SIX, found that 86 per cent of respondents across 73 buy-side and sell-side firms were using or evaluating AI in investment and trading workflows....
