Buy-side firms are warming up to the use of outsourced trading desks as a recent study via Greenwich Associates, a market research firm, is showing that more firms are turning to these services and reporting high levels of satisfaction. However, some firms are still resisting the charms of outsourced trading and want to retain control… Read More >>
Wall Street Profits & Salaries Heading Upward for 2018
Securities trading firms based in New York City had pretax profits that reached $13.7 billion during the first half of 2018, representing an 11 percent jump over the same period last year, reports New York State Comptroller Thomas P. DiNapoli. The rise in profits follows a pattern as last year pretax profits “rose by 42… Read More >>
Wall Street Mulls Potential of ‘Intelligent Automation’
So-called “intelligent automation” could add $512 billion to the global revenues of financial services firms by 2020. That’s the bullish prediction from Capgemini, a French multinational professional services and business consulting corporation that characterizes itself as a “multicultural company of 200,000 team members in over 40 countries,” with a half-century-long history. Its internal Digital Transformation… Read More >>
Most Firms Unprepared for Move to RFRs: Report
A new report co-sponsored by three key securities industry associations finds that while many participants are aware that they need to move away from the scandalized interbank offered rate benchmarks (IBORS) to alternative risk-free rates (RFRs), they have barely begun to start their transitions. The new report is based upon a survey of 150 banks,… Read More >>
Blockchain Budgets and Staffs Are Growing: Report
Financial services firms are bolstering their staffs and increasing their budgets to get on the blockchain bus, but the development process has been harder than expected, according to a new report from market research firm Greenwich Associates. “The financial services industry is spending about $1.7 billion per year on blockchain, as banks and other firms… Read More >>
European Fixed Income Execs Troubled by MiFID II Deadline: Report
The MiFID II deadline is only weeks away but 45 percent of European fixed income heads recently surveyed say that they are still struggling to comply by Jan. 3, 2018, according to a new industry report. However, while MiFID II compliance is a top challenge, the inability to source liquidity looms even larger with 55… Read More >>
Harnessing Alternative Data Will Decide Firms’ Futures: Report
The financial services industry is overflowing with streams of data to comply with the glut of post-financial crisis regulations. However, sell and buy-side firms are increasingly looking to harness this information to formulate trading and investment ideas, according to a new report from consultancy Opimas. The study estimates that investments in the race to master… Read More >>
Aite: Is Big Data Jargon or Strategy?
“Big Data in Capital Markets: The Placebo Effect?” a new report from market research from Aite Group, examines whether the move to adopt Big Data methods and strategies in financial services is, as the report asks, “jargon or strategy?” Big Data consists of very large volumes of structured and unstructured information that when reviewed can… Read More >>
