Buy-side prefer front-to-back solution from tech vendors rather than custodians, finds survey
Despite opportunities such as reduced workload, buy-side firms would still opt for a technology vendor over a custodian for front-to-back-office solutions.
Buy side
Exane BNP Paribas and buy-side arm look to reduce costs with SimCorp
Exane Derivatives and Ellipsis Asset Management have implemented SimCorp Dimension for front, middle and back-office management.
Hermes implements Brexit mitigation plan with new Irish entity
Carol Mahon and Aoifinn Devitt to lead new Irish entity established in response to possible ‘hard Brexit’ scenario.
Majority of buy-side firms anticipate increased spend on AI technology
Research suggests the buy-side is slightly ahead in terms of AI technology adoption compared to sell-side firms and exchanges.
Two percent of firms have renegotiated Libor-based contracts ahead of 2021 deadline
Concerns have been raised as survey finds 83% of firms are yet to begin renegotiating Libor-based contracts, as the benchmark’s withdrawal takes effect in 2021.
MiFID II research rules could spur further mergers on the buy-side
Deloitte's 2019 regulatory outlook report predicts burden of absorbing costs of research under MiFID II will reinforce trend of consolidation on the buy-side, particularly among smaller firms.
Request for quote in equities: Under the hood
As two major trading venues launch request for quote (RFQ) models for equities trading, Hayley McDowell delves into the specifications of each RFQ systems, and after speaking to sceptical senior buy-siders, finds that the venues could face significant barriers to market-wide adoption.
Ed Wicks: The bigger picture
Three years after joining Legal & General Investment Management to run its equities trading, Ed Wicks now heads up the firm’s global trading operations, placing emphasis on the benefits of incremental improvement. Wicks speaks to John Brazier about the changes he has made during his time with the asset manager and what the future holds for the head of trading role.
Euronext acquires research and commissions service provider
Euronext acquires 78% of Commcise for an initial cash consideration of £27 million.
The TRADE’s best of 2018: Buy-side
John reviews the best of The TRADE’s coverage of the buy-side over the past 12 months.