The analytics cover FX trading on the EBS platform.
Majority of trading in the dealer-to-client repo space was manual.
For trading firms, sorting out workflows is high up on the CAT to-do list.
Fallout from post-crisis regulatory reform spawned the idea for OpenDoor Trading.
Cowen estimates at least 6 basis points saved per block trade, more for less liquid securities.
eFinancialCareers reports that low-vol markets favor man over machine.
Market-on-Close futures facilitate shift from OTC trading.
Electronic trading tools force out human sales traders.
Trading for liquid bonds could eventually move entirely to central limit order books.