In The News

The Trade: A report from Coalition Greenwich last year found that the number of providers in the outsourced trading space had increased by more than fourfold in the last five years, growing from fewer than 10 to more than 40 from 2018 to 2022.

Markets Media: Jesse Forster said: “Although different views of the proposed European consolidated tape are prevalent, overall, 44% of traders in EU/UK are willing to subscribe to it once available.

Bloomberg: In the days following the SVB fallout, Gregory Schneider was speaking with clients at several regional banks who began to invoke “risk-based pricing.”

S&PGMI:  The world's 12 largest securities services banks recorded a combined revenue of $38.6 billion from custody, fund and other securities services in 2022, according to new Coalition Greenwich data. 

American Banker: During the fourth quarter, banks started tightening their credit standards on commercial and industrial and commercial real estate loans, and they became “increasingly nervous about the credit quality of corporate borrowers,”...

Best Execution:  Buy side equity traders are spending increasing amounts of time searching for liquidity in fragmented markets as conditions become more challenging, according to a new report – Globalisation of Algorithmic Equity Trading:...

Business Insider: "From the buy-side — the institutional asset manager's point of view — there's really no reason I could think of why they wouldn't want to embrace a platform like this," said Jesse Forster.

Global Custodian: Custody revenues from North America and APAC spark best year ever for securities services providers, finds report Research from Coalition Greenwich reveals 6% growth among the top dozen custodians.

The Trade: Data from Coalition Greenwich showed that average daily notional volume for corporate bonds reached $45 billion last month, up 22% compared to the same time period last year.

The Bond Buyer: Municipals finished out a nerve-wracking week on a strong note, with yields falling by as much as nine basis points on the short end while U.S. Treasuries strengthened...