Buy-side focus on Multi-asset trading
Stu Taylor, co-founder of Algomi, a company that sells fixed-income market data software, notes that the trend is more with multi asset class investing. “The portfolio management and order management systems may be used for cross assets but a large proportion of trading is still done on a siloed basis. There are still corresponding systems and individual specialists sitting on the desk at the dealer level due to the nature of the specific assets. This is not just with the buyside but also the sellside. Some banks are trying to present themselves as one stop shops with a semblance of uniformity but behind the scenes, they are using different market infrastructures to trade.”
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