A survey by Greenwich Associates indicates institutional portfolio managers believe they are paying a higher proportion of their total commissions for research than traders. The research suggests this is a fundamental disconnect that, along with an overall decline in equity commissions in 2003, may well be changing how business is conducted in this market. ‘This may cause some brokers, including some key brokers, to direct more business toward trading and to cut back the research and sales services which they provide to institutions,’ Greenwich Associates consultant John Colon said. The survey incorporated the opinion of over 700 institutional investing professionals in 17 European countries. A separate survey by the organisation found that portfolio trading now accounts for more than 40 per cent of share trading volume at more than 100 of the largest North American institutional investors, including investment management firms, quantitative funds, hedge funds and pension funds. North American institutions are using portfolio trading more often for trading international shares, as well as for domestic shares, where the focus of portfolio trading remains. The volume of portfolio trading in U.K. and continental European stocks by U.S. and Canadian-based funds has nearly doubled over the past year – from 9 per cent of volume in 2002 to 16 per cent in 2003.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more