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.
Trading via RFQ is continuing to grow in line with increased automation, with the market moving towards a modern algo-driven protocol, finds Coalition Greenwich.
A quarter of derivatives traders and portfolio managers on the buy-side want FX options to have increased clearing availability over the next two years, report finds.
Last year, 62% of European investment-grade corporate bond trading volume was executed electronically, as with 49% of notional high-yield volume; compared to 40% and 31% in the US, respectively.
Recent Coalition Greenwich survey found that 84% of respondents are already using, or open to adopting, transaction cost analysis (TCA) in their fixed income portfolios.