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
eGain Enables Conversational Customer Service Through Apple Business Chat20.7.2018 12:30 | Pressmeddelande
SUNNYVALE, Calif. and NEWBURY, United Kingdom, July 20, 2018 (GLOBE NEWSWIRE) -- eGain (NASDAQ:EGAN), the leading provider of cloud-based customer engagement solutions, today announced its integration with Apple Business Chat. According to Gartner, requests for customer support through consumer mobile messaging apps will exceed requests for customer support through traditional social media by 2019*. Moreover, 56% of consumers surveyed in a Nielsen study would rather message a business than call customer service, and 67% expect to message businesses even more over the next two years. Key capabilities Among key capabilities of the integrated solution are: Enabling hundreds of millions of consumers on iPhone and iPad to interact with businesses through the Messages app Leverage eGain AI to infer customer intent, power bot conversations through messaging, route escalations to contact center agents, and guide agents through messaging conversations Provide immersive customer experiences with
Marcus Hiles - Texas Takes #1 Four Years in a Row in America's Top States for Business19.7.2018 23:39 | Pressmeddelande
DALLAS, July 19, 2018 (GLOBE NEWSWIRE) -- The future business scene in Texas is looking brighter than ever as the state continues to hold its place as a national leader. Growth is spreading across areas such as North Texas, Houston and San Antonio with businesses quickly expanding their operations in the state that offers some of the best in business-friendly climates and overall growth potential. Tapping into the market recently are global leaders such as Toyota, Liberty Mutual and JP Morgan who have taken advantage of the state's increasing network of commercial properties, workforce and business resources. Named by CNBC for the fourth consecutive year as America's Top State for Business, Texas scored above all 50 states on overall business competitiveness. With the business hub building on its role as a national leader for the past decade, this top rank title reflects the progress Texas has made in cementing its place in the global economy. "This national recognition comes without s
Second Quarter 2018 Results Conference Call19.7.2018 21:34 | Pressmeddelande
AURORA, Ontario, July 19, 2018 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) SECOND QUARTER 2018 RESULTS CONFERENCE CALL WEDNESDAY - AUGUST 8th, 2018 7:30 AM ET DIAL IN NUMBERS North America Toll Free: International Toll: Webcast: 1-888-223-4641 1-416-981-9080 www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until August 15, 2018 North America Toll Free: International Toll: Reservation No.: 1-800-558-5253 1-416-626-4100 21892829 INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations firstname.lastname@example.org, 905-726-7035 TELECONFERENCE CONTACT Nancy Hansford, Executive Assistant, Investor Relations email@example.com, 905-726-7108 This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originali
Uganda National Airlines Company Limited Signs Firm Order for Four Bombardier CRJ900 Aircraft19.7.2018 18:36 | Pressmeddelande
First operator of the new CRJ Series ATMOSPHÈRE cabin in Africa MONTREAL, July 18, 2018 (GLOBE NEWSWIRE) -- Bombardier Commercial Aircraft announced today that it has signed a firm order for four new CRJ900 regional jets with Uganda National Airlines Company. Based on the list price for the CRJ900 aircraft, the firm order is valued at approximately US$190 million. "We congratulate the Government of Uganda for the revival of its national flag carrier, and are thrilled that the new airline has selected Bombardier and the CRJ900 regional jets for its upcoming debut," said Jean-Paul Boutibou, Vice President, Sales, Middle-East and Africa, Bombardier Commercial Aircraft. "Recognized for its superior economics and efficiency, the CRJ Series aircraft have enabled airlines worldwide to serve communities with better connectivity, and we look forward to supporting the development of Uganda's regional air travel with these CRJ900 regional jets." Uganda Airlines will operate the CRJ900 in dual-cla
CrownBio Supports Excellence in Translational Research with Grant Award that Funds Innovative PDX Model Development in Immuno-Oncology19.7.2018 15:03 | Pressmeddelande
"Cancer Research Center of Lyon iPS novel PDX models formulate new immune cell focused strategies" SAN DIEGO, July 19, 2018 (GLOBE NEWSWIRE) -- Crown Bioscience, a global drug discovery and development services company providing translational platforms to advance oncology, inflammation, cardiovascular and metabolic disease research, is proud to announce the award of its Patient-Derived Xenograft (PDX) grant program to doctors Fabrice Lavial, Christophe Caux and Bertrand Dubois from the Cancer Research Center of Lyon (CRCL). The grant program was established to support oncology researchers pursuing scientific advancements in cancer using PDX technology. Following an extensive review, CrownBio's Scientific Steering Committee selected Dr. Lavial and his colleagues at the CRCL due to their project's potential to create breakthroughs in preclinical oncology strategies. Their research combines PDX and iPS cell technologies to create patient-specific, humanized models. These unique models wil
Jumio Introduces Liveness Detection for Web to Better Deter Fraud During Account Onboarding19.7.2018 14:00 | Pressmeddelande
New identity proofing functionality ensures that the person behind a Web upload verification is present and the person actually creating a new online account PALO ALTO, Calif., July 19, 2018 (GLOBE NEWSWIRE) -- Jumio, the creator of Netverify(TM) Trusted Identity as a Service (TIaaS), today announced the addition of Liveness Detection for Web to better thwart fraudsters' evolving and sophisticated attempts to assume another individual's identity. With identity verification, Jumio's approach is to first verify the government-issued ID (e.g., driver's license, passport or ID card) and ensure that it is authentic and has not been doctored. For mobile SDK customers, Jumio then requires the user to take a selfie which enables the company to compare the person in the selfie to the person pictured in the ID document. Since Netverify is an omnichannel solution, Jumio also supports identity verification via desktop webcams. This channel enables our customers to reach large market segments who a
I vårt pressrum kan du läsa de senaste pressmeddelandena, få tillgång till pressmaterial och hitta kontaktinformation.Besök vårt pressrum