Prior to the onset of the financial crisis and the subsequent wave of resulting global re-regulation, the majority of bonds and swaps trading activity within small-to-medium-sized asset management firms, hedge funds and wealth management firms was a game of dependencies.
In 2018, from an asset management firm or long-only institutional investor perspective, the time to await change in the fixed income market has passed; not only has significant change occurred, but it continues to change at a rapid pace.
Sellside FICC trading business models are targeted for reform under the Basel Committee’s Fundamental Review of the Trading Book proposals. This article explores how the long-standing businesses within banks are subject to change under the regulations and what the implications of these changes will be for the industry as a whole.
A new report from GreySpark Partners forecasts the ways in which the structure of the fixed income market could change in the future to account for the impact of regulation and the creation of new bank methods for bonds and swaps trading.
A new report from GreySpark Partners, a global capital markets consulting firm, titled Rebooting the Corporate Bonds Market examines how an unprecedented wave of innovation is reshaping the market structure of corporate bonds trading.
The GreySpark report, Trends in Fixed Income Trading 2014, highlights that e-trading technology can provide new ways for banks to maximise the efficiency of their dealing activities as part of a broader effort across the industry to move from a principal model of trading to an agency, broking-centric trading model. The report explores the different ways in which banks are increasingly adopting new, innovative business models for fixed income dealing in 2014.