“Banks are as lean as they can be now,” said Kevin McPartland.
A new Greenwich Report finds that the current method for developing and deploying software within large financial services institutions has changed little over the last 20 years, and is archaic when compared to the rapid innovation achieved in...
“Since the vote, the biggest winners are the global banks, with 20 percent of continental corporates planning to increase business with these banks and U.K. corporates staying net neutral,” said Tobias Miarka.
Greenwich Associates’ latest report revealed nine out of ten equity trading desks, or 86%, now use a third-party TCA system, compared to less than three quarters in 2014.
In 2017, nearly 85% of investment-grade investors used an electronic trading platform, and electronic trading accounted for about 20% of all corporate bond trading volumes, nearly double the 11% share in 2007, according to Greenwich Associates.
76% of companies cite digital capabilities as “Highly” or “Very” important in selecting a banking partner, according to research from Greenwich Associates.
At the same time, a survey published earlier this year by Greenwich Associates found that European fund managers had cut their 2018 equities research budgets by 20 per cent, or $300m, compared with the previous year.
A recent Greenwich Associates study estimates that “antiquated (technology) processes cost financial services firms roughly $1.5 billion annually on an aggregate basis.”
“Banks both large and small are preparing to capitalize on any favorable changes to the business environment,” says Frank Feenstra.
Are buy-side firms starting to shift more funding toward IT and data for trading and securities operations and away from compensation for front-line traders? The most recent answer appears to be in the affirmative, according to Greenwich Associates...
