The growing ability of non-bank spot FX liquidity providers to service client demand in the marketplace came to the fore in 2016’s Euromoney annual spot FX volumes survey results, which showed that the amount of currencies volume supplied by the top-five market-makers was falling when compared to the ability of one proprietary trading firm – XTX Markets – that provides pricing to dealer-to-client currencies (D2C) venues.
This report explores the ways in which large EU- and UK-based buyside firms can run and execute change management programmes associated with the implementation of and compliance with a spate of incoming regulations.
While beta is a measure of a fund’s or product’s relative volatility compared to the market as a whole, smart beta is the categorisation of strategies using rule-based screens to attempt to outperform the market, as opposed to the capitalisation-weighted indexes used by passive funds.
Exploring why and how buyside firms must appraise their current outlay of trade and transaction order and execution management systems used to generate regulatory reporting data in the EU as well as the technology debt associated with any legacy systems.
This report explores the contemporary electronic bonds trading venue landscape. Quantitative analysis of the bonds e-trading landscape aims to put into context and track the advancement of how the historically central role of sellside broker-dealers in the intermediation of liquidity flows is being eroded by regulation and is instead being replaced by new structures outside the confines of the investment bank balance sheet.
This report explores the ongoing structural shifts taking place in the corporate and government bonds markets.
Over the past 18 months, GreySpark Partners has observed that the structure of the flow FX market – consisting of spot FX and vanilla OTC swaps, forwards and futures – has continued its incremental evolution.
This report assesses the sellside imperatives driving the futurisation of OTC fixed income swaps, looking specifically at the dynamics of OTC IRS and CDS indices trading.
Experts in Financial Markets
Strategy. Delivery. Technology.
Digital Industrialisation & Transformation
The so-called digital transformation of the ways in which investment banks operate as businesses overall began more than one decade ago. However, not all of the technology that banks needed in order to fully realise this transformation has always been readily available, and the last five-to-10 years have seen a significant rate of growth in the data processing and analytics needed to realise ideas that have been gestating for some time.
Investment banks have traditionally structured their operational activities along discrete business lines, which were traditionally split up by asset class and geography.
The so-called digitalisation of the capital markets arena – in which an increasingly larger number of previously manual processes within investment banks gradually become automated – is an on-going process that traces its roots to the late 1980s, when e-trading was originally pioneered.
In Australia, technology driven innovation and increasing fintech-focused competition is catalysing the digital disruption of the payments landscape.
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For those overseeing the orderly conduct of trading, the Market Abuse Regulation (MAR) in mid-2016 introduced some significant challenges.
The European Market Infrastructure Regulation (EMIR), which was adopted into EU law in 2012 as a new piece of legislation governing OTC derivative trading and transparency across the bloc, is set for a series of updates by the end of 2017.
GreySpark Partners presents a report that provides investment banks with guidance on how to build a forward-looking, self-regulating sellside institution that has the flexibility to adjust to ongoing regulatory demands and the resilience to remain competitive within the industry.
High-performance algorithmic trading is no longer the privilege of a few high-tech trading firms leveraging cutting-edge, specialised infrastructure.
Turning Experience into Knowledge
GreySpark Capital Markets Intelligence practice has an established and proven process for building a reliable, holistic knowledge of the capital markets industry.
GreySpark Partners presents a report reviewing 10 third-party technology vendor Cash Equities OMS and EMS utilised by the sellside.
GreySpark Partners presents a report that provides financial services firms with guidance on how to introduce automation and flexibility into their daily operations to remain competitive within the industry.
This report reviews six third-party technology vendor trade surveillance systems utilised by both buyside and sellside markets participants.
This report presents a blockchain solution to the time-consuming and costly securities clearing and settlement processes currently employed in Hong Kong.