Flows into fixed income exchange-traded funds (ETFs) are growing rapidly with Asian institutional investors looking to earmark an increasing chunk of their investments into such products this year, according to Greenwich Associates.
“Buy-side firms are skeptical of the maker-taker pricing model believing that it skews brokers’ routing incentives in favor of best rate as opposed to best execution,” said Richard Johnson, senior analyst at Greenwich Associates.
The number of investors trading fixed income electronically has continued to grow year-on-year, with 46% now stating they trade at least some of their volume electronically. A Greenwich Associates report found the growth in electronic trading...
An annual Greenwich Associates study asks the buyside — the fund managers and other investors — to apportion its commission payments according to the services received. Year after year, the responses show that clients allocate 45 per cent of...
“While over time the change is manageable, in the short term it poses an operational nightmare,” said Kevin McPartland, head of market structure research at Greenwich Associates.
Andrew McCollum says success will be “difficult if not impossible” for active managers that stick to a traditional stockpicking approach, even if they enjoy temporary periods of prosperity with fashionable products or when markets rise.
Greenwich Associates examines the effect that access to real-time auction imbalance data can have on how firms are trading and found that 70% of traders said real-time imbalance data can influence how their firm trades in the auction or continuous...
A new Greenwich Associates report says active management has taken a beating but will survive by focusing on complex, niche areas.
Greenwich Associates Don Raftery writes that s combination of changes, including: rising interest rates, a less zealous regulatory environment, tax cuts, and overall optimism among business owners will provide a much-needed profit boost for banks.
Trump's executive action in late January to look at ways of scaling back Dodd-Frank "could provide dealers with a renewed incentive to make markets for clients via taking principal risk, a net positive for the market and liquidity," according to...
