The Desk: “With all-things MiFID, growing pressure from pension funds and endowments in the U.S. for global consistency may cause rates to drop globally,” said Will Llamas.
The Desk: “[The consequence may be a market with] fewer players, less liquidity and increasing market concentration,” according to Satnam Sohal.
Financial Times: There is more than €7tn in euro-denominated government debt outstanding, according to Greenwich Associates...
Business Insider: In 2017 alone, the financial services industry spent $1.7 billion on blockchain technology, per Greenwich Associates...
eFinancial Careers: With the first full month of 2019 nearly in the books, banks are seeing renewed optimism in fixed income markets, according to a new report from Greenwich Associates.
Market Media: McPartland wrote: “Technology is increasing the flow of information, removing the language hurdle and connecting disparate brokers and investors from all over the world..."
The Trade News: “The decrease in rates, coupled with a global shift from high-touch to electronic trading, lowered weighted all-in blended rates across markets,” said Will Llamas.
Reuters: The MiFID II directive, introduced one year ago, has brought trading costs under closer scrutiny, and many asset managers have negotiated lower commission rates, Greenwich Associates said.
Nasdaq: That is less than 10% of the average algorithm commission of 0.9 cents per share reported by Greenwich Associates.
The Desk: European bond market structure is likely to diverge further from the US, as a result of the different investment models which are popular in the region, according to Greenwich Associates.
