Wall Street’s expectations for AI’s influence on markets are skyrocketing, JPMorgan survey says

Amid the recent hype surrounding ChatGPT, Wall Street increasingly anticipates artificial intelligence will change how markets operate. A JPMorgan survey found that 53% of institutional traders believe AI or machine learning will be the technology that has the biggest influence on trading over the next three years. Last year, only 25% of survey respondents held that view. …

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Hedge funds are moving towards outsourced strategies to build their front-office technology, finds new research

Systematic hedge funds are experiencing shifts in how they source and develop their front-office technology stacks, with outsourcing beginning to increase, according to new findings from Acuiti. Historically, systematic hedge funds placed high value on the development of trading strategies in-house, as this was used as a means to differentiate themselves from competitors. Hedge funds…

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Berenberg’s TIA, the next frontier in execution analysis

Over recent years, buy- and sell-side collaboration has driven algorithmic development, resulting in innovative ways of provisioning liquidity in a rapidly evolving landscape. The recent shift towards more dynamic, learning-based algorithmic models have positively contributed to the buy-side achieving trading objectives which ultimately have yielded better outcomes for all participants.  And yet, despite the crystallisation…

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Liquidity in Euro Corporate Bonds Deteriorates

Source: MarketsMedia MarketsMedia recently highlighted Overbond’s Corporate Bond Intelligence (COBI) showing drastically widening spreads in multiple sectors. The widening indicates declining liquidity, creating challenges for traders and companies to raise capital through debt issuance. “Conditions in European corporate bonds paint a grim picture. Market conditions have declined noticeably, even in sectors such as utilities that…

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Canada corporate bond market issuance perking up again

Source: Reuters Recent Reuters article highlights Canadian corporate bond issuance perking up again, rebounding after a lull 10 months. Brian D’Costa, President of Algonquin Capital said “After more than a decade of return-free risk in fixed income, current yield levels are very attractive. We haven’t seen such yield levels in the last 15 years, and…

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What does the future of the trading desk look like? APAC panelists discuss

Source: TheTrade TheTrade explores insights from the Fixed Income & FX Leaders Summit APAC in Singapore provided insights on how trading desks are evolving with automation.  Martin Viseux, Head of Fixed Income Trading Asia, HSBC Global Asset Management said: “We’ve seen a big change in market structure with high volatility where the traditional banks have…

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Transaction Analysis: an Anchor in Volatile Markets

As uncertainty stalks markets and remote work proliferates, the ability to find liquidity and measuring trade performance is critical. Fixed income desks around the world, who apply the analytics of ‘Best Ex’ and Transaction Cost Analysis can refine their trade process to gain insight on costs, asset allocation, and assess counterparty execution performance. It’s a…

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In conversation with… Dwayne Middleton

TradeNews’s Laurie McAughtry, in an interview with Dwayne Middleton, global head of fixed income trading at T.Rowe Price, discusses the approaches to challenge the volatility, liquidity and stability in today’s unique trading environment.  Talking about the situation in the pre-financial crisis, Dwayne Middleton said “With all the central bank money that came into the financial…

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Analysis: U.S. junk bond investors face tough choice as yields spike

Reuters article highlights junk bond investors’ tough choice as yields spike. A sell off in the US junk bond market presented buying opportunities however, investors are hesitant as fears of looming recession could spark widespread credit defaults. Spreads on junk-rated bonds have widened some 184 basis points this year while yields – which move inversely…

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