Combined with the evolution of electronic trading in non-equities and ongoing improvement in tools, Aite-Novarica Group is looking to see step changes in how buy-side traders are accessing liquidity in the next two years.
Phase 6's lower threshold will bring smaller firms into scope, which typically have fewer middle and back-office resources and differing levels of automation, writes Bob Stewart, executive director of institutional trade processing (ITP) at DTCC.
Richard Balmer, director of network product strategy at IPC, explains how massive price swings in the digital asset space could provide an enticing opportunity for computer-driven fund managers.