“The problem with futures contracts is that they are regulated derivatives that are based off underlying trading in unregulated markets,” said Richard Johnson.
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.
