Market Media: Will Llamas said, “The decrease in rates, coupled with a global shift from high-touch to electronic trading, lowered weighted all-in blended rates across markets.”
IFLR: Richard Johnson said this shows the buyside understands that if they just have the SIP feed, they don’t have access to the full depth of book on each exchange.
Euromoney: “The owners of the Members Exchange are the ones who have been paying rapidly increasing fees and are not happy,” says Richard Johnson.
Euromoney: “Just 2% of customers will trade on SIP data only,” Richard Johnson tells Euromoney. “But 34% said they would trade only on SIP if there was clarity that this was best execution.”
Der Treasurer: „Die Bank profitiert von ihrer breiten Aufstellung“, sagt Tobias Miarka. „Sie ist in allen europäischen Märkten unter den Top-5-Banken im Cash Management vertreten.“
The Trade News: Recent data from Greenwich Associates found that FX algos have “materially reduced” the overall cost of trading FX for many investors and, as the buy-side becomes increasingly open to using algos, dealers are also...
eFinancial Careers: Data from Greenwich Associates shows that traders and portfolio managers are spending significantly more time trading electronically than they did a year ago – something that shouldn’t come as any sort of surprise....
Forbes: “Slow and inefficient software deployment processes cost the financial services industry some $1.5 billion annually,” said Kevin McPartland.
Euromoney: “This could be seen as one giant strategic threat with the Members Exchange saying to the exchanges that they will come after their transaction revenue if they don’t cut data charges," said Richard Johnson.
Business Insider: Greenwich Associates found 79% of traders at hedge funds and asset managers believe fees charged by exchanges for their market data feeds are not fair.
