Equities
The discussions at the 7 th annual ATF Global Summit were upbeat with
expectations of a hectic year for data and analytic vendors presenting how they
can give each buy-side trading desk an edge in pre-trade decision making.
The asset management community is currently working on accessing and
normalising trade data first and K&KGC foresee the increasing interest in
Machine Learning (ML) and Artificial Intelligence (AI) as the next step.
Without access to normalised trade data, the buy-side head trader will no
longer be competitive by the time the ML and AI is widely used by the rest of
the market.
Fixed income
How many buy-side trading desks are going to afford to take a lead in consuming new
and costly types of data? Electronification and competition has certainly improved
the data quality across the service providers and the buy side need to make tough
decisions about which providers deliver incremental access to liquidity and better
pre-trade price reference information. The “hurdles race” with obstacles, as
K&KGC called it in our previous issue (#14) of the Buy-side Perspectives, for the
fixed income buy side to get the basic pre-trade
transparency right is far from over.
We firmly believe that there is an opportunity for
the buy-side community to work together, overcoming
these challenges, so that they will not discuss the same problems in years to
come.
Anita Karppi (K&KGC), Scott Eaton (Algomi) and Ruben Costa-Santos (ITG Analytics) at the
7 th annual ATF Global Summit 2019
Foreign exchange
Positive developments to access forwards data was presented at the 7 th annual ATF
Global Summit. Comparing year-over-year statistics the buy side seem increasingly
positive to start using exchange traded futures as an alternative. There are already
analytic tools capable of delivering answers
to complex challenges and the data and
analytics discussion unveiled further solutions.
With an increasing number of buy-side firms
understanding the importance of dedicated FX
trading desks, we are eagerly looking forward
to follow the rapid evolution of the buy-side FX
trading over the course of the next few years.
Lydia Solinski (360T) and Ruben Costa-Santos (ITG Analytics) at the 7 th annual ATF Global Summit 2019
Spring 2019
www.buysideintel.com
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