Financial News: In fixed income, 37% of all transactions were electronic last year, according to research from Greenwich Associates, an increase from 18% in 2011.
Banking Exchange: In June, Greenwich Associates found that one third of small- and mid-sized companies were considering switching their bank in the wake of the pandemic, citing banks’ ability and willingness to process PPP loans.
The Desk: Greenwich Associates has defined a proposed set of standards, and it says nearly every US corporate bond trade executed could be defined by assigning one value of four categories.
American Banker: Ken Monahan, at Greenwich Associates, stated some prospects are searching for a safe place to retailer the property and maybe a solution to borrow towards them.
Plan Sponsor: PGIM worked with Greenwich Associates to survey 138 DC plan sponsors and found 15% of plan sponsors are using an OCIO manager for their all their 401(k) plan investments.
Global Trade: “For a business that is generally considered stable and rather slow to evolve, large corporate banking is changing fast,” notes Greenwich Associates.
Traders: Easthope will lead the Market Structure & Technology team’s efforts in Capital Markets FinTech and Market Data & Analytics.
Reuters: “Periods of enhanced volatility come in cyclical waves,” he said. “We’ve seen that before.”
Bloomberg: "There were some weeks of chaos in some firms," said Danielle Tierney.
Bloomberg: “Everyone supports standards, but views on what that should include differ,” McPartland said.
