
Buy-Side Set to Spend More on Tech, Not Traders
According to Greenwich Associates, technology spending is crowding out trader pay on institutional trading desks.
According to Greenwich Associates, technology spending is crowding out trader pay on institutional trading desks.
Barclays ranked second for overall fixed income market share in Europe according to a Greenwich Associates survey of November 2017. In the same survey, it ranked first for rates and third for credit.
A shift toward computerized buying and selling has taken place over several years, and the market is "finally" maturing, according to Kevin McPartland.
“I’m not too surprised,” Richard Johnson told Bloomberg. “I thought this deal would always get additional scrutiny. They didn’t need to buy a stock exchange to do that necessarily so that motivation was a little unclear.”
“I’m not too surprised,” Richard Johnson, said of the rejection. “I thought this deal would always get additional scrutiny.”
A shift toward computerized buying and selling has taken place over several years, and the market is "finally" maturing, according to Kevin McPartland.
The trading community has reached an “equilibrium,” at least for now. According to a recent Greenwich Associates spending report, buy-side trading room budgets are, likewise, finding their center and have up-ticked slightly.
New report from Greenwich Associates reveals trading desk budgets now favouring technology over trader compensation.
“These are the levels that, in aggregate, the buy side feels are the appropriate mix to optimally manage their order flow,” said Richard Johnson.
Un rapport du cabinet de consultants Greenwich Associates relevait récemment l’expansion du trading algorithmique, notamment en ce qui concerne le marché des changes et celui des titres obligataires.