No precinct in the industry is being whipsawed more than fixed income. While stock trading went electronic long ago and now moves at light speed, the $8.4 trillion U.S. corporate bond market is relatively unchanged since Michael Lewis played Liar’s...
According to consultants Greenwich Associates, about three-quarters of the foreign exchange market is electronic. Kevin McPartland, head of market structure and technology research at Greenwich, says forex is becoming increasingly automated as well...
To deal with this ongoing structural change, larger managers are investing more in data to identify the liquidity profile of the instruments they’re considering buying or selling, and also the way they trade – on an electronic platform or through a...
Hedge funds and automated trading firms are providing more liquidity in foreign-exchange markets as traditional dealer banks step back from market making in response to stricter regulation, according to a survey by Greenwich Associates, a financial-...
The use of execution algorithms on the buy side has been inching higher in recent years, especially since the eruption of the benchmark-rigging scandal in foreign exchange, which saw several liquidity takers look for ways to gain more control over...
Large institutions are shifting trading volume to algorithmic avenues of execution as the overall commission pool remains flat. These were the finding of a new study from marketing research firm Greenwich Associates. Greenwich Associates...
The fact that IEX already operates a dark pool should help it grow once the lit exchange is up and running, said Richard Johnson, vice president, market structure and technology, at Greenwich Associates, Stamford, Conn. “There's an audience already...
"The old way of doing business doesn't result in long-term, profitable relationships anymore," Kevin McPartland, principal in market structure and technology at Greenwich Associates, told Business Insider. "Not to mention, the buy side holds...
This is why big banks are scrambling to explore new applications, such as unforgeable records of identity, to achieve straight-through processing, with transactions automated completely with no human intervention. Greenwich Associates, a market...
“One of the reasons we haven’t seen a meaningful drop-off in consultant usage is every year there are new and different challenges,” said Sara Sikes, vice president of Greenwich Associates’ investment management practice. “As a result, institutional...
