[ I N D E P T H | C O U N T E R P A R T Y R E L A T I O N S H I P S ]
the evolution of the buyand sell-side relationship
WESLEY BRAY explores the impact that new technology and alternative liquidity sources are having on the traditional buy- and sell-side roles .
As technology continues to reshape financial markets , the dynamic between buy- and sellside institutions has undergone a transformation . Traditional boundaries are blurring as tools such as artificial intelligence , blockchain , and data analytics are disintermediating conventional trading workflows and enabling more efficient engagements . Relationships between the buy- and sell-side are evolving , with roles and responsibilities changing to accommodate new workflow behaviours .
Electronic trading capabilities have led to a major shift away from voice trading , and this has changed the role that counterparties play when they work together . Enhancements seen on the buy-side have lent themselves to more automation on the desk .
12 // TheTRADE // Q3 2024