Corvil says Transaction Data Management and Analysis Becoming Essential Skills for Optimal Execution and Improving Transparency in the Fixed Income Markets
Ahead of FIX Trading Community Americas Briefing 2018 (NYC), Corvil examines how regulatory and market pressures are catapulting technology to the forefront of fixed income
NEW YORK, April 09, 2018 (GLOBE NEWSWIRE) -- Corvil Senior Trading Strategist, Voyta Karas, has been enlisted as a moderator for today's FIX Trading Community Americas Briefing, to oversee critical discussions around the developments, challenges and opportunities arising from electronification of the fixed income markets.
Electronic trading has become an increasingly important part of the complex and highly competitive fixed income market landscape. It is driving changes in the market structure, the process of price discovery as well as how liquidity is provided. New and existing entrants are rapidly offering more automated trading options and innovating in new methods to foster liquidity, automation and efficiency. According to a survey by Greenwich Associates, almost 85 percent of surveyed investment grade investors use electronic trading, as do close to 73 percent of high-yield investors.
Further, with trading volumes in interest rate futures overtaking those in U.S. Treasuries for the first time and looking on track for further growth, this creates a more complex trading environment (OTC and Exchange) that lends itself to more automated routing technologies and TCA analytics.
Greenwich Associates also investigated the state of electronic trading for corporate bonds, and while 76 percent of corporate bond investors say it is easy or extremely easy to execute orders up to $5 million, trades over that amount continue to prove difficult for investors to execute. While these large trades only make up one percent of the total orders in the market on a given day, they still make up over 40 percent of the notional traded.
" Today the challenges are enormous for participants navigating the evolving roles between buy-side and sell-side players, dealing with fragmented liquidity, and doing so in a cost effective manner ," said Karas. "The role of technology here cannot be understated. The race to gain better access to liquidity favors those that leverage technology to gain insight from trade flows and optimize their system performance."
As a significant source of public and private financing (and by virtue, economic growth and jobs creation), regulators are flexing their muscles to improve the functioning of global bond markets. The Board of the International Organization of Securities Commissions (IOSCO), has just published recommendations for improving the information on secondary corporate bond markets available to both regulators and the public. It states that regulatory authorities should consider steps to enhance pre-trade transparency in corporate bond markets and implement regimes that require post-trade transparency.
Satisfying regulatory transparency requirements remains a pressing concern for market participants. According to a November 2017 report from Greenwich Associates, fixed income dealers are spending as much as $20 billion a year on RegTech to help them comply with the raft of regulations covering their trading desks.
Corvil also sees the conversation shifting from the electronification of fixed-income to who and where to get the best data and insight sources to enable those who create liquidity and those who need it. While MiFID II and TRACE have made the market more transparent, the next mile for market participants is to understand what this data really means to them.
Within Rates markets, the continued growth of government deficits and the need for liquidity, as the NY Fed reduces its balance sheet, are materially impacting the supply of bonds circulating and impacting liquidity. As volatility increases within these more mature and increasingly algorithmic electronic fixed income markets, participants must gain greater insight faster about transactions and counterparties to compete.
David Murray, Corvil Marketing and Chief Business Development Officer adds: " At the heart of improving transparency and execution performance is data analysis and accommodating new granular, voluminous, and temporary or in-transit data sources. This is both a 'big data' and a 'continuous data' problem. For both buy-side and sell-side participants, the ability to gain rapid, continuous insight from transaction data and use non-traditional sources to evaluate market and counterparty performance is a powerful ally. As electronification evolves, the improved ability to measure creates new opportunities for industry benchmarks, which help define exceptional performance. Above all else, bringing "insight" to the darkness is always the greatest protection and competitive edge in changing, fast-moving markets ."
More than 290 market participant are expected to attend The FIX Americas Trading Briefing (NYC) 2018, which is hosted by Goldman Sachs. Corvil will moderate the panel sessions titled " Electronification in the Fixed Income Markets - Developments, Challenges and Opportunities ". The highly knowledgeable and experienced panelist leading discussions includes: Bill Hayden, Managing Director, Trade Processing, Tradeweb Markets LLC; Louis Rosato, Co-Chair Americas Regional Committee, FIX Trading Community, Director Investment Operations Group, BlackRock; Michael Babic, Head of Americas FX Electronic Distribution, Goldman Sachs and Nicola White, Managing Director and Global COO of Fixed Income Market Making, Citadel Securities.
Corvil is the industry leader for deriving Security, Operational, and Business intelligence from network data. As companies adopt faster and smarter machine technology, it becomes critical to tap into richer and more granular machine data sources to safeguard the transparency, performance and security of critical infrastructure and business applications. The Corvil streaming analytics platform captures, decodes, and learns from network data on the fly, transforming it into machine-time intelligence for network, IT, security and business teams to operate efficiently and securely in this new machine world. Corvil uses an open architecture to integrate the power of its network data analytics with the overall IT ecosystem providing increased automation and greater operational and business value outcomes for its users. The Corvil solution is trusted by leading financial institutions to safeguard their businesses across the globe involving 354 trillion messages with a daily transaction value in excess of $1 trillion.
Press Office at Corvil
+353 1 859 1040
Notes to the editor
 Source: Greenwich Associates 2017 U.S. Fixed-Income Study
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corvil via Globenewswire
Följ NASDAQ OMX
Abonnera på våra pressmeddelanden.
Senaste pressmeddelandena från NASDAQ OMX
Immunicum AB (publ) Announces Appointment of Pawel Kalinski and Inge Marie Svane to Scientific Advisory Board17.9.2018 08:00 | Pressmeddelande
Press Release 17 September 2018 Immunicum AB (publ) Announces Appointment of Pawel Kalinski and Inge Marie Svane to Scientific Advisory Board Immunicum AB (publ; IMMU.ST) announced today the appointment of leading oncology experts to its Scientific Advisory Board with the addition of Pawel Kalinski, MD, PhD, Vice Chair for Translational Research within the Department of Medicine at Roswell Park Comprehensive Cancer Center, and Inge Marie Svane, MD, PhD, Professor, Head of the Clinical Cancer Research programme, Faculty of Health Sciences, University of Copenhagen, Director, Centre for Cancer Immunotherapy (CCIT), and consultant in Oncology, Herlev University Hospital. Both Scientific Advisory Board members will serve as a strategic resource to Immunicum as the company continues to advance the clinical development of its lead product, ilixadencel. "We are honored to have such highly specialized experts in the field of immuno-oncology and cell therapy join our Scientific Advisory Board a
Immunicum AB (publ) meddelar att Pawel Kalinski och Inge Marie Svane har valts in i det vetenskapliga rådet17.9.2018 08:00 | Pressmeddelande
Pressmeddelande 17 september 2018 Immunicum AB (publ) meddelar att Pawel Kalinski och Inge Marie Svane har valts in i det vetenskapliga rådet Immunicum AB (publ; IMMU.ST) meddelade i dag att två ledande immun-onkologiska experter har valts in i bolagets vetenskapliga råd för att fungera som strategiska resurser för Immunicum under bolagets fortsatta kliniska utveckling av sin ledande produkt, ilixadencel. Pawel Kalinski, MD, PhD, vice ordförande för translationell forskning vid den medicinska institutionen vid Roswell Park Comprehensive Cancer Center, och Inge Marie Svane, MD, PhD, professor, chef för det kliniska cancerforskningsprogrammet på medicinska fakulteten vid Köpenhamns universitet, chef för Center för cancerimmunterapi (CCIT) samt överläkare inom onkologi, Herlevs universitetssjukhus har valts in i rådet. - Vi är hedrade att ha experter med specialistkompetens inom området immunonkologi och cellterapi i vårt vetenskapliga råd, vilka kan erbjuda ytterligare vägledning när det
Hoylu AB: HOYLU HIRES NEW CTO, SATOSHI NAKAJIMA AND ANNOUNCES EXPANSION INTO JAPAN14.9.2018 08:30 | Pressmeddelande
Malmo, Sweden, September 14, 2018 - Hoylu, a leading enterprise collaboration company, announced today Satoshi Nakajima will join Hoylu in the newly created position, as Chief Technology Officer and President of Hoylu Japan. Nakajima will guide the strategic technology direction and innovation of Hoylu while also leading the new Hoylu office in Tokyo, Japan. "Satoshi is a visionary and world-class technologist who has substantial experience in delivering world class innovations. He is joining the Company as we are extending our reach and expanding into Japan," said Stein Revelsby, CEO. "Satoshi's extensive experience in strategy and delivering technology that support a great user experience will make an immediate impact on the company." Nakajima will serve as President of Hoylu Japan and will report to Stein Revelsby. His leadership will strengthen customer relations and help develop new business among emerging and established Japanese companies while strengthening the global position
Hoylu AB: HOYLU ANSTÄLLER SATOSHI NAKAJIMA SOM NY CTO OCH EXPANDERAR TILL JAPAN14.9.2018 08:30 | Pressmeddelande
Malmö, Sverige, 14 september 2018 - Hoylu, ett ledande företag inom samarbetsmjukvara för företagsmarknaden annonserar idag att Satoshi Nakajima tar anställning som CTO (Chief Technology Officer) och President för Hoylu Japan. Nakajima kommer styra den strategiska inriktningen för företagets produkter och leda innovationsarbetet. Han kommer också leda Hoylus nyöppnade kontor i Tokyo, Japan. Satoshi är en visionär teknologiexpert som har stor erfarenhet av att skapa innovativa lösningar. Han kommer till Hoylu samtidigt som vi utökar marknaden till att även täcka in Japan säger Stein Revelsby, VD. "Satoshis långa och gedigna erfarenhet i strategiska frågor och tekniska lösningar med fokus på användarupplevelse kommer få stor betydelse för oss." Nakajima kommer även att bli President för Hoylu Japan och kommer rapportera till Stein Revelsby. Hans ledarskap kommer stärka existerande kundrelationer och utveckla nya affärer på den japanska marknaden och samtidigt bidra till att flytta fram p
LeoVegas AB: LeoVentures invests in esports betting - Pixel.bet13.9.2018 08:45 | Pressmeddelande
The LeoVegas Group, through its wholly owned investment company LeoVentures Ltd, has acquired 51% of the shares in Pixel Holding Group Ltd, which runs the esports betting operator Pixel.bet. The investment amounts to EUR 1.5 million for 51 percent of the company and is made through a new issue. Pixel.bet's vision is to create the greatest gaming experience in betting on esports www.pixel.bet "Esports is an international and fast-growing area that engages millions of viewers and players every month. With this investment in Pixel.bet we as a Group will gain unique insight into a new and fast-growing segment," comments Gustaf Hagman, LeoVegas' Group CEO and co-founder of LeoVegas Mobile Gaming Group. "In Pixel.bet we have found a passionate team of entrepreneurs who come from the esports community. With its strong technology and mobile-first gaming experience, Pixel.bet is a perfect match for the LeoVegas Mobile Gaming Group. Together we will drive development for the absolute premier exp
LeoVegas AB: LeoVentures investerar i esport betting - Pixel.bet13.9.2018 08:45 | Pressmeddelande
LeoVegas-koncernen har, genom sitt helägda investmentbolag LeoVentures Ltd förvärvat Pixel Holding Group Ltd, som driver esport betting operatören pixel.bet. Investeringen uppgår till 1,5 miljoner euro för 51 procent av bolaget och görs genom en nyemission. Pixel.bets vision är att skapa den främsta spelupplevelsen inom betting på esport www.pixel.bet "Esport är ett internationellt och snabbt växande område som engagerar miljontals tittare och utövare varje månad. Med investeringen i Pixel.bet får vi som koncern en unik inblick i ett nytt och snabbt växande segment.", säger Gustaf Hagman, Group CEO och co-founder av LeoVegas Mobile Gaming Group. "I Pixel.bet fann vi ett passionerat entreprenörsteam som verkligen kommer inifrån esport communityn. Med en riktigt bra teknik och spelupplevelse utvecklad mobile-first är det en perfekt match med LeoVegas Mobile Gaming Group. Tillsammans ska vi driva utveckling för den absolut främsta upplevelsen inom esport betting.", säger Robin Ramm-Ericso
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum