Fixed income
Rewriting the
rulebook
Elliott Holley, Head of Global Buy-side Research
In fixed income, one of the core concerns of the global buy
side is whether technology can support in the formation of
a reference price. Attendees at the Paris and London Alpha
Trader Forums are determined and claim that they must
become price makers and take charge of their destiny to
become less dependent on the sell side to find liquidity.
In Asia, one of the primary topics was which fixed income
platforms to invest in, and what a fixed income execution
management system might have to offer the buy side,
especially one with open architecture. From a best execution
perspective, K&KGC has helped the buy side to map the buy
side's feedback on how many brokers are needed in each
region.
In European fixed income, as with other asset classes, the
buy side is concerned that compliance departments could
become too zealous, disrupting the ability of the trading
desk to do its job. Another concern is that transparency
requirements could be damaging to the market, depending
on how stringent these ar e.
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www.buysideintel.com
December 2016