Traders have slowly adopted execution management systems (EMS) in their workflow to enhance their execution capabilities as the market evolves, wrote Audrey Blater, senior analyst at Greenwich, in a report released on Tuesday.
The fixed-income market adoption of EMS is at "a tipping point" where some traders, while reluctant to use technology, "acknowledged a change of habit is imminently necessary," said Blater.
The tech makeover of a market that sees billions of dollars of trades in a year though is still gradual.
The study found that only 39% of some 41 senior fixed-income traders in US asset management firms, hedge funds and insurance companies, identified using an EMS.
Some 34% of the 41 traders in the study looked to chat to execute trades, versus 27% that turned to technology as their top choice.
Persons:
Audrey Blater, Matt Tracy, Shankar Ramakrishnan, Conor Humphries
Organizations:
Coalition, Traders, Thomson
Locations:
Coalition Greenwich, Greenwich