[ S U R V E Y | E X E C U T I O N M A N A G E M E N T S Y S T E M S ]
Figure 6 . Asset classes traded (% of respondents )
91 66 59 48 42 5
Equities |
ETFs |
Listed Derivatives |
Foreign Exchange |
Fixed Income |
Crypto |
management systems . As the electronification of non-equity markets develops , we observe significant increases in the number of respondents using an EMS to trade other asset classes , with more than half of respondents noting the use of an EMS to trade ETFs ( 66 %) and listed derivatives ( 59 %). This represents year-on-year increases in those asset classes of 15 % and 20 %, respectively . In addition , nearly half of all respondents indicated they use an EMS to trade foreign exchange ( 48 %) and fixed income ( 42 %), up from 21 % and 22 % last year , respectively . Crypto , as an asset class category was introduced to the survey as of last year , and here we see a 2.5-fold increase in the number of respondents trading digital assets electronically , as year-on-year percentages increase from 2 % up to 5 %. Respondents to this year ’ s survey had a similar geographic distribution to prior years ( Figure 7 ). Just under half of all respondents were from
Figure 7 : Region distribution
18 %
Asia Pacific
20 %
Europe
14 % UK
48 % North America
North America ( 48 %), while the remainder was split between Europe ( 20 %), Asia Pacific ( 18 %) and the UK ( 14 %). In response to whether or not firms had plans to implement additional EMS providers to their existing set up , over 67 % of respondents answered that they had no plans to do so , while just 7 respondents were able to name which provider they hoped to onboard in future . Similarly , 66 % of respondents said that they had no plans to change which EMS provider they were currently using . This year appears as a transition year among asset managers and EMS providers , surviving an extended inflationary run , a global political super cycle , world crises and volatile markets . Although the results in this year ’ s survey did erase some of the gains made last year , EMS providers shouldn ’ t be discouraged but instead take it as their clients giving them a bit of a reality check . Overall , respondents were
84 // TheTRADE // Q3 2024