Evolution of the intelligent flow monster in trading
Steve Grob, director of group strategy at Fidessa, explains how playing the scale game successfully within the trading environment will increasingly depend on a changing and more intelligent relationship with technology.
The growth in market complexity, combined with decreasing trading volumes and an unrelenting churn in global regulation, has had a fundamental effect on traditional sell-side business models. Downward pressures on revenues are accompanied by the soaring costs of servicing client demand. Simply intermediating between clients and sources of liquidity is no longer a guarantee of success.
Just staying in the game requires ever greater investment in technology. But the growth in infrastructure has to be efficient so that revenue increases at a faster rate than the simultaneous rise in costs.…
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, Markets & Exchanges
, Technology & Operations
, Trading & Data
, Steve Grob
, Dodd-Frank Act
, Swap Execution Facilities
, MiFID II