Firms tackled remote working by shifting focus to compliance infrastructure and partnering with external technology providers, Greenwich Associates research found.
Research from Greenwich Associates shows that the number of traders on desks has changed very little from 2018 to 2019 despite technological advances.
Greenwich Associates predicts the trade surveillance technology spend could increase to $1.5 billion in 2021 due to compliance weaknesses identified by the pandemic.
The COVID-19 pandemic is disrupting the evolution of the US equity market structure causing current exchanges to lose trading volumes and upending plans for new ones to launch.
As portfolio trading becomes more popular among buy-side traders, research has warned a large portfolio trade could increase risks around the CSDR buy-in regime if a single trade fails.
Jefferies, Morgan Stanley, Goldman Sachs, JP Morgan, Citi and Bank of America were considered ‘standout dealers’ by US buy-side traders.
Greenwich Associates asked fixed income buy-side which dealers stood by them best throughout the recent market volatility.
Report from Greenwich Associates found that technology spending on buy-side trading desks increased slightly by 4% year-on-year.
Greenwich Associates designates Citi as the world’s top fixed income dealer five years in a row.
The latest research from Greenwich Associates reveals traders are not in favour of increased fragmentation, as three exchanges prepare to launch this year.