Citigroup Inc. remains the top fixed-income bank for Asia Pacific excluding Japan this year, as it continued to boost its market share, according to Greenwich Associates.
According to Greenwich Associates over 60 per cent of asset managers are currently using social media and social-driven news feeds as part of their investment process.
Goldman Sachs leads the flow equity derivatives market in North America and J.P. Morgan holds the No. 1 spot in Europe, according to the latest data from market consultancy Greenwich Associates.
Research published by Greenwich Associates stated that, “contrary to popular opinion”, non-bank liquidity providers were not taking meaningful share from the bulge-bracket banks.
When evaluating causation of dwindling volume in European fixed-income electronic trading, the Greenwich Report mused out loud about the potential for the market to have reached its “natural limit.”
Kevin McPartland said in the report that the buyside has accepted that electronic trading will be a key to navigating the 21st-century corporate bond market, and the sellside is coming around.
“Despite any pause in e-trading growth overall, market participants of all types are investing heavily in algorithmic pricing, which will eventually become a powerful force in fixed-income,” says Tom Jacques.
“There are probably going to be people who find themselves training machine learning technologies that may take their job away,” says Richard Johnson, who has studied the impact of AI on Wall Street.
Findings from a Greenwich Associates survey this year paint a similar picture, with a third of hedge funds using alternative data to identify new strategy ideas.
Jay Bennett added: "Brokers in this market would love some volatility — whether it came from a spike in investor conviction or fear."
