Greenwich Associates
Volatile FX markets reveal pitfalls of RFQ
Clients urged to mask trading intent; critics warn of subtle sell-side advantages
Citi revamps algos to improve sweep impact predictions
Bank works to make some aggressive strategies more intelligent when handling liquidity and filling orders
Rise of workflow as the buy side's low-key hero
The goal is to build a “single source of truth” to cut costs, make better trading decisions and react quickly to new regulation
FX Link pulls futures-shy banks into the fray, says CME
Since its 2018 launch, CME says the product has attracted some Tier 2 banks to FX futures
JP Morgan rolls out algo workflow tool on Bloomberg App Portal
The integration should make the bank’s Algo Central software and FX trading services more accessible
Consolidated feeds cost industry $1.4bn a year, survey finds
Despite the growth of direct data connections, spending on consolidated feeds is set to rise, Greenwich Associates finds
Venue competition heats up as e-FX volumes plateau, says Greenwich
Following 74% growth in electronically executed FX in 2007-14, volumes flattened for four years
Buy side spends big on OMS/EMS, says Greenwich Associates
Nearly a quarter of buy-side firms’ technology budgets go on accessing these tools, survey finds
Mark Yallop joins OpenFin
He is appointed as a non-executive board director
TCA costs up to 12% of tech budgets – Greenwich
A survey of buy-side equity trading desks shows 86% use TCA, which can make up 12% of their technology budget
Shift towards futures inevitable, says Greenwich
To address the cost pressures associated with regulation, both buy- and sell-side participants have started analysing the impact of adopting futures in their trading habits
US super-regionals step up FX game
Citizens Bank and SunTrust Bank have been expanding and investing more in their FX platforms and talent
FX e-trading near saturation, says Greenwich
But the next stage in the success story is due, the financial consultancy says
Algo trading increasingly attractive to corporates, says Greenwich report
While the number of corporates using algos slightly increased in 2016, a significant boost in usage came from earlier adopters
JP Morgan tops Greenwich market share rankings
Citi falls into second place, as market share among top dealers is redistributed for second year in a row
Greater adoption of TCA in FX expected – Greenwich Associates
Survey shows increasing use of algos and electronic venues will spur the development of transaction cost analysis
Modern technology to salvage reputational risk management
Long-term benefits of adopting cloud-based surveillance will far outweigh initial high costs, says Greenwich Associates report
Buy side to boost trading desk technology spend – Greenwich
Survey shows a larger share of budgets is being spent on technology while compensation costs shrink
Corporates expect long-term negative impact of Brexit
45% of corporates domiciled in continental Europe believe Brexit will have a negative impact; with almost 30% of their UK counterparts sharing the sentiment, says a survey by Greenwich Associates
Corporate treasuries are starting to feel capital cost pain
After years of stable IRD usage, corporate hedging is getting more expensive and even clearing may not help
Sell-side shift creates opening for OMS vendors
With the buy side moving in a multi-asset direction, sell-side firms are tailoring their desks to meet new demand. Broker-dealers now want their order-management systems to do more