The Trade highlights recent Linedata survey findings, where almost half of respondents in the UK are prioritizing investment in automation to drive business results.
Linedata’s 2023 global asset management survey has found the main focus globally is on future cost saving and automation. The survey from Linedata included responses from 265 firms in the Americas, Europe, and APAC and includes comparative findings which pinpoint key variances between regions.
In the drive towards more efficient operations, 57% of respondents are betting on automation, the survey revealed – naming it “a top strategic priority for the next 12 months,” closely followed by cost-cutting initiatives at 55%. The survey also found that AI adoption appeared more prominent in the front-office, while middle- and back-office functions lagged behind, with only 22% of AI deployment in trade execution.
Overbond and RapidAddition(RA) deliver interoperability and direct venue connectivity for bond trading automation services. Interoperability ties all parts of the RFQ and smart order routing together. SOR is an automated process used in online trading to quickly execute a trade, based on price and liquidity, across a range of electronic trading venues and counterparties. It allows data aggregation, the integration of AI modeling and external pre-and post trade vendor connectivity. By analyzing different offers and placing optimized orders, SOR is a response to the challenge of fragmented data and liquidity in the fixed-income marketplace.