Costs associated with market data in the fixed income markets rose by 50% from 2017 to 2021, a report by the Association for Financial Markets in Europe (AFME) and Expand Research has found. In the industry association’s report, it found that costs associated with European bonds market data had risen substantially more than in the…
Exchange-traded funds had a banner 2021 in terms of asset growth, which continued a trend from much of the past decade as investors increasingly flocked to these low-cost, tax-efficient investment vehicles at the expense of mutual funds. Can the fun continue in 2022? And where will the action be in ETF investment ideas? Net inflows…
Schroders is a 200+ year old global asset manager, managing over £700 billion AUM with a global trading team of 45 professionals spread across 12 trading desks in eight countries. We have taken a global multi-asset approach to trading over the last three to four years, as we have made key changes internally under one…
Although the new Refinitiv Connected Data survey shows that buy-side firms are making more progress on their digital transformation journeys than sell-side firms, the evolution of their market and reference data strategies will require much more work, respondents say. Digital transformation journeys around market and reference data in buy-side firms are being hampered by the…
Looking ahead to 2022, there are two main themes that will enhance bond trading. First is in primary markets, which until recently largely relied on legacy systems and manual processes. This year brought advancement in the electronification of primary markets with the introduction of new technology, allowing firms to trade new issues electronically and simplifying…
Source: The Desk The DESK has found that fewer than half of buy-side bond traders use execution analytics in the trading workflow to support trade execution, but nearly 70% believe it is effective or highly effective in the role, suggesting there is an opportunity to expand its use. In primary research, conducted across 35 asset…
The major government bond markets continue their recent rally as the Fed, ECB, and BOE all pushed back on what had been sooner-rather-later rate hike expectations. Interestingly, mid- and longer-term yields are seen lower even with the stronger US jobs report helping propel equity prices to new highs. Inflation expectations remain elevated with breakevens and…
The focus this week is on the Fed’s FOMC meeting, the BOE, and to a lesser extent Australia’s RBA. The Fed meeting, which is not accompanied by a fresh set of SEP economic and rate projections, should provide at least some guidance on coming bond purchase tapering, in terms of timing and process. On Monday…
Source: Barclays The global fixed income market represents roughly $130 trillion in debt outstanding1, dwarfing the total market capitalisation for stocks. Over the past five years, fixed income markets have seen growth in electronic trading, however it has and will continue to evolve differently than electronic trading in equities due to the differing trading styles…
Just over two years ago at the onset
Although fixed income markets have been underperforming, BlackRock
