Despite a brief uptick in high-touch trading, e-trading strategies are seeing increased usage - 32% in 2023 compared to 28% in 2021 - with this expected to continue to rise in the next three years.
Over a third (37%) of total 2023 volumes were executed through algorithms and/or smart order routers, with this figure expected to reach 40% in the next three years, a Coalition Greenwich report has found.
Last year saw the largest increase in technology investment from corporate and investment banks, up 5.4% year on year according to Coalition Greenwich.
T+1 was among the key trends identified by Coalition Greenwich in its latest report examining what the most impactful market structure themes will be over the next 12 months.
Interpersonal relationships continue to be important to the buy-side, which highlight access to new issuance, client insight and market colour perception as some key benefits, finds Coalition Greenwich.
“The need of the hour is to do more with less,” says expert; report finds that third-party platform middle- and back-office users are more inclined to outsource the cleansing of their data.
Over a third of respondents recognise the value of complementing their current trading processes with outsourced platforms “under limited circumstances”, according to report, up significantly from 2020.
The foreign exchange software market size is expected to be $16.4 billion by 2032 – with a compound annual growth rate of 7.6% – study predicts.
Around 57% of surveyed FX professionals believe their own data management efforts in FX execution need improvement, Coalition Greenwich study finds.
According to Coalition Greenwich and SIX's latest report, 80% of buy-side firms surveyed expect spending to go up across the board for market data in the next year.