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“ Frankly , you have more liquidity in fixed income markets now than you have had since at least the financial crisis from a topdown level .”
performance of thousands of portfolios , we ' ll have a huge competitive advantage . Even if it ' s rolled out to our peers , being part of that development and knowing how to use it puts us and our clients at an advantage .”
The onus is now no longer on gaining access to data in fixed income but instead on how firms can find ways of turning data into useful information to be used on the desk whether that be via inhouse or third-party vendor solutions , Raymond concludes .
“ There are some really hard conversations that need to be had across the street . Getting the data is one thing , analysing the data and turning it into useful information is a whole other ball game . Finding the right way to do that , whether it ' s an in-house solution or out of the box solution that is paid for , is a really hard conversation .
“ Frankly , the answer is probably mixed , but how that plays out will be really interesting to see . For us , we do a lot of data aggregation and we ' re trying to build out as much as we can internally . Do we use an EMS or another third-party solution to help sort that data and turn it into actionable events ? That ’ ll be something we keep assessing .”
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