“The goal of many of these new technology companies is to replace the existing global financial market infrastructure with distributed ledger technology,” says Richard Johnson.
...in fixed income, currencies and commodities Citi is doing just that. It ranked top globally in FICC for the second year running by Greenwich Associates in 2016.
Compared with the U.S., equity trading commissions are holding up well in Canada, suggests Greenwich Associates.
Barclays and Credit Suisse remain Europe's leading challengers to Wall Street's powerhouse investment banks when it comes to US equities, as a secular decline in activity has fuelled more intense competition, according to Greenwich Associates.
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.
"RBC and BMO both increased their market share in trading last year, but RBC's gains again outpaced all other brokers," said Jay Bennett, managing director with Greenwich Associates.
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.
“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.
