Last week, in a city café, opposite me, the Head of Trading from a well-regarded asset management firm. As our conversation flowed, he revealed an unexpected detail that their buy-side EMS trading front-end, is still humming on Citrix. “Citrix? Now that’s a name I haven’t heard in this context for a while, that was late 1990s and 2000s” I mused, …
Best execution in fixed income trading -Rhetoric or reality?
The obligation to achieve ‘Best Execution’ in the trading world is clear, but is this just a matter of rhetoric for many fixed income buy-side firms, or is it a tangible reality? As we dive into the specific challenges of executing trades in bonds and derivatives, we question whether the traditional methodologies stand up to scrutiny or if there’s a …
Understanding SaaS and how to make the right choice
At the heart of digital transformation lies Software as a Service, or SaaS. A term that, despite being ubiquitous, is often shrouded in mystery for many. Today, let’s lift the veil and explore how SaaS solutions are shaping the future of businesses. What is SaaS? As a model of software delivery, SaaS lets vendor hosted applications remotely and avail them …
Do you use an EMS? Are you getting the most out of it? Key considerations for buy-side firms.
There is a significant buzz about buy-side trading technology. A notable point is that nearly two-thirds of asset managers do not currently leverage an Execution Management System (EMS) for fixed income trading. But what about the limitations and challenges with a buy-side EMS? The buy-side has been long constrained by rigid, monolithic systems that are not only hard to innovate …
TCA is only one measure!
In the complex world of fixed income trading, you might often find yourself questioning whether Transaction Cost Analysis (TCA) is the most optimal tool to support your pre-trade price discovery and decision-making needs. It’s an important and relevant question, one that I have heard echoing throughout our industry. TCA, a critical evaluation strategy that compares the execution price with a …