WSJ: Electronic trading surged to 34% of investment-grade corporate bonds in November, according to a recent study by analytics firm Greenwich Associates.
The Trade: Major banks in the US now account for four of the seven top dealers in European fixed income market share, with JP Morgan positioned as the clear winner of Greenwich Associates’ 2019 share leaders table.
Business Insider: A recent study of bond investors conducted by Greenwich Associates found a majority (65%) believe non-bank market-makers were improving liquidity in the market.
WSJ: “Automation and the data it creates is helping some investment ideas turn into trades that otherwise never would have seen the light of day,” said Kevin McPartland.
MarketsMedia: Meaningful automation is coming to fixed income according to the Top 10 Market Structure Trends for 2020 from Greenwich Associates.
Traders: ...while 40% of the dealer-to-client (D2C) market still trades on the telephone, according to Greenwich Associates.
Financial News: Traders and market participants can expect cheaper and more transparent markets in 2020 than ever before, according to Greenwich Associates.
Bloomberg: Many ditched smaller-scale firms such as CLSA, which fell to eighth in the rankings for Asian equity research market share last year according to data from Greenwich Associates.
Global Finance: “As FX market participants adopt sophisticated pre- and post-trade analytics enhanced by artificial intelligence and machine learning, the potential benefits of algo trading are becoming clear...,” Satnam Sohal.
Institutional Investor: Institutional investors have been making allocations to alternatives for about 20 years but how they use liquid alternative ETFs is evolving according to Greenwich Associates.
