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...
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.”
