In The News

Financial News: Machines have taken a major bite out of the trading business in recent years. 

The Trade News: A survey of US buy-side traders conducted by Greenwich Associates found that despite the widespread shift to remote working, a significant 80% of respondents were satisfied with brokers’ performance.

Financial Times: According to Greenwich Associates the pandemic has only strengthened the grip of electronic trading, with venues such as Tradeweb and MarketAxess seeing record volumes.

eFinancial Careers: The push to add senior staff on credit sales and trading desks comes after a report from Greenwich Associates found that clients eschewed electronic trading systems for human beings during the initial pandemic market...

MarketsMedia: Ken Monahan said  “Given the potential stakes, it is only a matter of time before issues of data scarcity and other hurdles are addressed and algorithms take on a central role in FX trading.”

Traders Magazine: In a webinar  sponsored by Greenwich Associates, Tilly said the exchange was running very smoothly despite days of extremely volatility, closure of its iconic trading floor and absence of floor brokers and alterations to...

eFinancial Careers: Greenwich Associates says that NLP systems that identify, parse and tag text are increasingly used by banks both for surveillance and to determine trading strategies.  

Bloomberg: “For years, nobody cared that these futures-based ETFs constantly bled out,” said Ken Monahan. “For me, it’s kind of mind-blowing that this is marketed as a retail product.”

eFinancial Careers: A recent report from Greenwich Associates found that banks' surveillance teams are already struggling under hugely increased workloads as a result of recent higher trading volumes.

Business Insider: "There's been scarce supply over the past several years in the distressed space," said James Borger. "But everything is different now, and there's going to be a lot of trading activity in the coming months."