US buy-side traders pour cold water on new exchange market entrants
The Trade: The latest research from Greenwich Associates reveals traders are not in favour of increased fragmentation, as three exchanges prepare to launch this year.
The Trade: The latest research from Greenwich Associates reveals traders are not in favour of increased fragmentation, as three exchanges prepare to launch this year.
IR Magazine: The biggest European institutional investors cut their research budgets by around 205 in 2018, with further cuts of 5% to 6% expected in 2019, according to Greenwich Associates.
Traders: Reuters noted algorithms play a growing role in the forex spot market and that fund managers have doubled the share of their trading using algos over the past six years to 27%, citing Greenwich Associates data.
CTMfile: According to data from Greenwich Associates, approximately 63% of firms plan to invest in external compliance counsel in 2020, while only 44% intend to continue investing internally.
Bloomberg: “Active management and hedge funds are a much smaller proportion of the total market cap than they were 10 years ago,” said Ken Monahan. “You’re probably looking at the death of hedge fund AUM.”
Bloomberg: Greenwich Associates found an appetite for “new and better digital products and tools” among fixed-income investors is fueling competition at banks.
Reuters: Algorithms play a growing role in the forex spot market - fund managers have doubled the share of their trading using algos over the past six years to 27%, Greenwich Associates found.
Reuters: Institutional equity trade commission payments fell almost 50% from their peak in 2009 through mid-2019, according to Greenwich Associates.
Reuters: In the past six years, the share of algo-trading in the $6.6 trillion-a-day FX market has more than doubled to 27% among fund managers, a study by Greenwich Associates found.
Business Insider: ...It was also a period that gave rise to pure-play roboadvisers, a trend many advisers attribute to a view that in the coming years their populations will shrink, Greenwich Associates found.