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.
Richard Johnson expects that the CME Group may have a leg up on its competition due to most major players already have accounts with the futures exchange.
Global institutional assets under management (AUM) for passive strategies grew to 22 percent of total AUM in 2015, from just 14 percent in 2008, according to Greenwich Associates’ Trading the Auctions report.
Greenwich Associates' report on investment banks trading European fixed income, has indicated that the first half of 2017’s buoyancy on the end of 2016 might be short-lived.
Citigroup Inc. remains the top fixed-income bank for Asia Pacific excluding Japan this year, as it continued to boost its market share, according to Greenwich Associates.
According to Greenwich Associates over 60 per cent of asset managers are currently using social media and social-driven news feeds as part of their investment process.
Goldman Sachs leads the flow equity derivatives market in North America and J.P. Morgan holds the No. 1 spot in Europe, according to the latest data from market consultancy Greenwich Associates.
Research published by Greenwich Associates stated that, “contrary to popular opinion”, non-bank liquidity providers were not taking meaningful share from the bulge-bracket banks.
When evaluating causation of dwindling volume in European fixed-income electronic trading, the Greenwich Report mused out loud about the potential for the market to have reached its “natural limit.”
Kevin McPartland said in the report that the buyside has accepted that electronic trading will be a key to navigating the 21st-century corporate bond market, and the sellside is coming around.
