Profit&Loss: Greenwich Associates has hired Ken Monahan as a senior analyst in the firm’s market structure and technology group, where he will cover FX, listed derivatives and fixed income, among other topics.
WSJ: Hedge funds in the U.S. and Europe now spend more than $170 million annually on so-called alternative data, according to Greenwich Associates.
Traders: “Blockchain-based securities will undoubtedly become a more common feature of U.S. securities markets—we are just at the beginning of this evolution,” said Richard Johnson.
Trade News: A report by Greenwich Associates last year found that 65% of buy-side equity traders agree that the maker-taker method can create pricing distortion and is generally bad for market structure.
Bloomberg: More trading in the $14 trillion Treasury market is being executed electronically, with 69% of the roughly $487 billion in daily turnover handled that way, according to Greenwich Associates.
MarketsMedia: “Looking forward, the buy side expects to reduce reliance on investment bank research even further, looking instead to boutique research firms and emerging technology-driven solutions,” said Richard Johnson.
Financial News: “There’s a lot of money to be made,” said Richard Johnson.
Finance Magnets: A new report from Greenwich Associates shows equities brokerage commissions dropped for the eighth consecutive year.
Traders: “Models that can truly learn from their actions and the reactions of the markets without any human intervention could result in the creation of a whole new category of investing,” said Kevin McPartland.
WSJ: “Issuing [securities] on the blockchain is the future and a lot more efficient than the way we do it now,” said Richard Johnson.
