Wholesale Financial Markets Companies & Adaptation to the GDPR: Assessing the Potential Costs

| Article, Buyside Trends, Regulations, Sellside Trends | No Comments
When considering the potential impact that the EU’s General Data Protection Regulation (GDPR) could have on the entirety of the bloc’s corporate economic sector, look no further than the findings…

The Structure of the Flow FX Market is Stabilising

| Article, Sellside Trends | No Comments
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 –…

Video: Trends in Fixed Income Trading — Metamodern Meditations on the Future Market Structure

| Sellside Trends, Video | No Comments
Russell Dinnage, managing consultant at GreySpark Partners, talks about how the structure of trading in the fixed income market could change over the next five-to-10 years.

Bonds E-trading: The More Things Change, the More They Attempt to Stay the Same

| Article, Sellside Trends | No Comments
By Frederic Ponzo, GreySpark Partners managing partner The fixed income marketplace, specifically the corporate and government bonds markets, are awash with structural change in 2016 that is being driven by…

The Decline and Re-birth of the Inter-dealer Spot FX Market

| Article, Sellside Trends | No Comments
In 2015, the structure of the FX market for spot liquidity is approaching a tipping point. This tipping point is emerging because of increasing levels of similarity between the characteristics…

Collateral Obligations: Re-orientating the Sellside’s Uncleared OTC Derivatives Trading Business Model

| Article, Sellside Trends | No Comments
On an annual basis, there is an estimated USD 170tn in notional value stored in the global market for uncleared OTC derivatives. Wrapped up inside EU, Japan, US and Basel…

Collateral Obligations: Hub Solutions for a Spoke-and-Wheel OTC Derivatives Landscape

| Article, Sellside Trends | No Comments
For observers of the long-running regulatory jigsaw puzzle that is the implementation of G20 nation-mandated reforms for margin requirements for non-centrally cleared derivatives, the news July 7 that little-known US-based…

Pre-trade Risk Controls

| Article, Sellside Trends | No Comments
This article was originally published by Best Execution magazine As automated trading emerged, the term ‘Flash Crash’ entered the industry vocabulary. Now, when creating algorithms or providing High Frequency Trading…

Trends in E-commerce and Electronic Trading 2014 – Survey Summary

| Sellside Trends, Survey Summary | No Comments
This is a survey summary for our annual research series: Trends in E-commerce and Electronic Trading. The context for capital markets trading activity is evolving as a result of ongoing regulatory…

Finding Solace in Future FX Market Structure

| Article, Sellside Trends | No Comments
This article was originally published here by the publication FX-MM Magazine. GreySpark Partners’ Russell Dinnage, a senior consultant with the London-based capital markets advisory firm, explains how – after a tumultuous 12 months…

Is Collateral OTC Clearing’s Double-edged Sword?

| Article, Sellside Trends | No Comments
New capital markets regulations in the EU and US impose limits on the ability of investment banks to post high-yield fixed income securities to central counterparty clearinghouses (CCPs) as collateral…

Redefining the Role of FX – ‘Suits you, Sir?’

| Article, Sellside Trends | No Comments
This article was first published in the Winter 2013/2014 issue of Best Execution magazine. In it, GreySpark Partners senior consultant Russell J. Dinnage examines ways to redefine the optimal FX sellside…

GreySpark Survey Summary: E‑commerce and Electronic Trading 2013

| Sellside Trends, Survey Summary | No Comments
Our annual report on Trends in E-commerce and Electronic Trading is a unique opportunity for the Capital Markets industry to get a fact-based insight on the current situation and emerging…

All Change Ahead for the Credit Bond Markets

| Article, Sellside Trends | No Comments
A range of e-commerce and electronic trading trends have emerged recently to challenge the long-standing, two-track model of credit bond market making in the fixed-income markets In this, an op-ed…

Equities Trading: Feeling the Squeeze

| Article, Sellside Trends | No Comments
Managing down the cost-per-trade is key to survival for mid-sized players in equities trading. Author: Asif Abdullah Contributions: Anna Pajor Although leading global equity markets have recovered to pre-crisis levels,…

SEFs and the FX market: The Name of the Game is Disintermediation

| Article, Sellside Trends | No Comments
SEFs and the FX market: As swap execution facilities begin to take their place in the grand scheme of global FX trading, banks are responding with bigger and better single-dealer…