“They have a strong franchise in credit derivatives. They have invested in credit data. It makes sense that they would buy an asset that furthers corporate bond trading as well,” said Kevin McPartland.
Once considered a staid business, trade finance could be emerging as a hub of innovation and disruptive change, according to Greenwich Associates.
Richard Johnson expects that within the next 12 months that Wall Street market makers will be making markets in bitcoin, ether, and XRP, which represents the majority of market capitalization and liquidity among digital currencies.
Kevin McPartland told Euromoney that the future lies in venues that support multiple trading models.
In a report earlier this year by Greenwich Associates, which stated that voice communications will play a key role in the electronic trading era.
Greenwich Associates has said that liquidity intelligence, helping to enable bilateral negotiations for illiquid bonds, is likely to be more important than the growth of electronic trading in fixed income.
Research from Greenwich Associates suggests there are other factors at play that fuel corporates’ motivation to switch banking providers.
“It’s not as if everyone is going to come to work and there’s a bunch of robots sitting in their seats,” said Richard Johnson.
A Greenwich Associates study shows that those who the markets at one point primarily sought to serve have a different opinion.
Greenwich Associates study shows almost 40 percent of top fund managers plan to cut research budgets.
