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By next year, some 75% of financial firms will either explore or implement artificial intelligence technologies, according to Greenwich Associates. 

As McPartland recalled, 5 milliseconds was considered a fast execution speed 10 years ago. Today, 5 milliseconds is positively glacial compared with 50 microseconds, which is about how long it takes for an exchange to match a trade.

New Greenwich Associates report finds RegTech spend will bring about compliance checks and improve tools for sales traders.

Fixed-income dealers are spending as much as $20 billion a year on RegTech to help them comply with the raft of regulations covering their trading desks, according to a new report from Greenwich Associates.​

"MiFID II is forcing dealers to upgrade their technology," said Kevin McPartland.

"The more you sell, the less valuable it becomes,” McPartland said. “Finding that middle ground is a real business challenge.”

SEC maker-taker pilot program seen as more likely as rebate opponents grow.

Greenwich Associates estimates that 15% of the finance industry’s jobs are at risk of being lost to AI-driven alternatives.

Citigroup Inc. bleibt in diesem Jahr die führende Bank im Bereich Fixed Income für die Region Asien-Pazifik ohne Japan und konnte ihren Marktanteil noch ausbauen. Das geht aus einer Studie von Greenwich Associates hervor.

As banks divert their attention and available funds to regulatory burdens, fixed-income traders have become less able to “effectively service” their clients, hurting profitability, Greenwich Associates said.