Finance Magnets: According to a study by Coalition Greenwich, over 40 percent of FX traders conducted algo trading in 2020, and they expect to increase their usage this year.
Traders: In 2021, access to dark liquidity was the second most important criterion for algo selection, just under ease of use, the No.1 factor for both 2020 and 2021.
FT: Though fixed income trading fell across the board, it was not as bad as the 20 per cent declines projected by analysts such as Coalition Greenwich.
Markets Media: “That increase is good news for the sell side, which has experienced steady erosion of the pool of payments and commissions,” says Shane Swanson.
SPGMI: While lockdowns and travel restrictions in 2020 took a heavy toll on trade and those that finance it, industry revenues are on track to reach pre-pandemic levels in 2021, according to Coalition Greenwich, an S&P Global-owned...
Bloomberg: To Shane Swanson, the shift reflects an evolution where the job of human traders has become one that demands high data-analytical skills.
Traders: “Data standardization enabled by the FXGC will drive the continued adoption of tools like execution algorithms and TCA,” says Stephen Bruel.
FT: Electronic trading has grown from about 30 per cent at the start of 2020 to 40 per cent this year for investment-grade rated bonds, according to research group Coalition Greenwich.
FT: Fixed income trading, which helped Goldman report record profit earlier this year, is expected to drop 20 per cent across the industry as trading returns to more normal levels, according to Coalition Greenwich data.
FT: “The banks never were there to catch the falling knife but they certainly did act as a pretty huge liquidity buffer to the marketplace in a way that they can’t or won’t today,” said Kevin McPartland.
