In The News

Financial Times: The US securities regulator plans to bring high-speed traders in Treasury bonds under direct supervision, ushering in more transparency to one of the world’s most important financial markets.

Traders: Buy-side firms are spending $2.6 billion annually on portfolio management, order management, and execution management systems, according to a new report from Coalition Greenwich. Most firms (86%) use third-party systems.

Knock-on effects from the Russia-Ukraine war could endanger an otherwise positive outlook for the global securities services industry.

Benzinga: In an interview by Coalition Greenwich between June and September 2021, 42% of investing firms said retail investors had some negative impact on achieving their trading objectives. 

IFR: It is one of the most crowded banking markets in the world...it has been a very healthy investment banking market, particularly in M&A last year said Angad Chhatwal.

Bloomberg: “It is certainly a huge tailwind to any new operation to have these big banks backing them, but markets are complicated and fickle and it’s not always a guarantee to success,” Kevin McPartland said.

eFinancial Careers: Layoffs were put on hold for the second year running, and financial intelligence firm Coalition Greenwich says headcount in investment banking divisions globally rose by 300 people in the first three quarters of 2021.

The Trade: Research by Coalition Greenwich found that it accounted for 12% of corporate bond volumes in 2020, up from 8% in the previous year.

Global Custodian: ...Coalition Greenwich pinpointed ETF servicing as leading to fund services businesses returning their highest revenues in eight years. 

Traders: “It is notable that, even at this late date, roughly three in 10 buy-side firms are uncertain about their level of preparedness for Libor transition,” says Stephen Bruel.