MarketsMedia: Greenwich Associates said in a report that the Covid-19 pandemic has triggered a major shift in US equity trading volumes away from exchanges.
Bloomberg: The central bank’s intent to keep them low for the foreseeable future could mean the more-than $4 trillion U.S. ETF market sees a spate of launches like the fund planned by Janus Henderson, according to Ken Monahan.
The Trade:Trade surveillance technology spending has increased significantly due to compliance weaknesses identified during the COVID-19 pandemic, according to Greenwich Associates.
Reuters: “I believe that credit portfolio trading will have profound effects on market structure,” Ken Monahan said.
Bloomberg: DWS and Greenwich Associates surveyed insurance-company clients with portfolios from $1 billion to more than $20 billion.
The Trade: A report from Greenwich Associates stated that anecdotally, some investors have found portfolio trading a useful way to adjust their portfolios during the crisis, because they can mix bonds that are easier to trade with ones...
S&P Global Market Intelligence: "There's a human nature element of it," said Kevin McPartland in an interview. "[Companies] have to start somewhere, so why not start with the [teams] where natural human interaction is most valuable?"
The Trade: Greenwich Associates highlighted how coming into 2020, three new stock exchanges had announced their planned entrances and a host of regulatory actions loomed on the horizon.
Euromoney: "The methodology requires relatively good information management and access to sophisticated tools and datasets,” says Ken Monahan.“Many firms do not pursue the latter because they do not believe they can achieve the former.”
S&P Global Market Intelligence: A tax on securities trading to fund government spending would likely bring in less revenue than intended and drive up costs in other financial markets, according to Greenwich Associates.
