In The News

As illustrated in a recent Greenwich Associates report the increase in technology spending by the buy-side has been driven by regulatory changes but more importantly, by a need for operational efficiency to support scalable growth.

According to Greenwich Associates, a net 12 percent of big fund managers plan to significantly increase their private-equity allocations over the next three years, more than any other investment except direct real estate.

Kevin McPartland, head of market structure research at Greenwich Associates, said: “The question remains, is this actually enough to attract liquidity?”

Easier integration with other tools was the most-requested improvement for OMSs and EMSs,  with 54% and 41% of buy-side users asking for that from the respective systems, according to Greenwich Associates.

A Greenwich Associates study found that 80 percent of investors want greater access to alternative data sources. But those same investors say that alternative data sources are incomplete, lack quality controls, and can be hard to integrate into...

“Seventy-one percent of the institutions participating in Greenwich Associates 2016 US Bond ETF Study say the trading and sourcing of securities have become more difficult in the past three years” — up from 34% the previous year.

A new breed of non-bank market-makers has been making inroads in the vast foreign exchange sector, but they are far from threatening the dominance of the world's top dealers, according to Greenwich Associates.

According to Greenwich Associates the top dealers still capture 44% of global market share in aggregate, but this figure has fallen from 48% a year ago and 53% in 2013.

Fund managers have to pay for brokers’ research and trading execution separately under MiFID II. That will spur more than $300 million in research budget cuts in the U.S. and Europe, according Greenwich Associates.

FX algo use is steadily rising, according to a report by Greenwich Associates, with the most dramatic rises seen among corporate traders scrambling to demonstrate best execution, as stipulated by the FX global code of conduct.