Banking Exchange: US middle market companies rated regional banks for their service during the COVID-19 crisis but the increased emphasis on digital banking has given national banks an advantage, according to Greenwich Associates.
The Trade:Study by Greenwich Associates found that one third of institutional investors see outsourced trading desks as a solution for managing trading flow and best execution.
Institutional Investor: Institutional investors are beginning to view outsourcing as a viable alternative to in-house trading desks, according to Greenwich Associates.
Bloomberg: “The slow and steady change that has occurred over the past decade will ultimately be seen for the revolution that it brought about,” Kevin McPartland wrote in a January report.
Bloomberg: “Volatility was so extreme early in March that even some of the largest nonbank liquidity providers stopped streaming prices to their bank customers, while traditional futures cash arbitrage strategies ceased to be profitable,...
Traders: According to Greenwich Associates, two-thirds of FX market participants interviewed said relationships became more important during the COVID-19 crisis, as the entire the FX ecosystem underwent a plunge in liquidity.
Financial Times: “There needs to be some balance between what is important for a development agenda versus privatisation,” said Gaurav Arora.
Financial Times: “You vigorously compete for the inbound order flow. The execution quality for retail is better than it has ever been,” said Shane Swanson.
Quartz: “You have these tools that are developed by the retail brokerages that rival what you could get as an institutional investor,” said Shane Swanson.
Bloomberg: “That’s something that we may need to figure out, ‘How do we make sure people understand there are limitations,’” said Shane Swanson.
