In this third blog in the Views on 2020 series from Refinitiv, Michael Chin, Managing Director and Global Head, Trading Proposition at Refinitiv, looks at how advances in trading technology have made financial markets more efficient in 2019, such as through rules-based automation or greater use of artificial intelligence.
What are the #SmarterTrading trends set to enhance workflows in 2020 and beyond?
Key takeaways
- Advances in trading technology in 2019 delivered new solutions for streamlining processes, reducing costs and improving the customer experience.
- A 2019 survey by Greenwich Associates found that 61 percent of respondents are either using artificial intelligence now or expect to be within 12–24 months.
- Refinitiv trading workflow solutions include pre-trade research in Eikon, and at-trade and post-trade capabilities in Refinitiv REDI EMS, and our order management system, AlphaDesk.
Tighter regulation, compounded by thinner liquidity pools and changing market structures, has created a complex backdrop against which the trading community must maneuver.
Market participants consequently face a host of on-the-ground challenges, but technology is stepping up to the plate, delivering new solutions to streamline processes, reduce costs and improve the customer experience.
A 2019 survey, conducted by Greenwich Associates and made possible by Refinitiv, highlights several key trends that we will explore below.
In one key finding, 78 percent of market professionals surveyed said that technology has made financial markets better and more efficient.
The caveat, of course, is that despite advances in trading technology, the adoption of new solutions is rarely straightforward.
The survey further concluded that institutions are at vastly varying stages of readiness and adoption, with data availability cited as a significant challenge. Our second report, due out in January 2020, will cover this in greater detail.
This is an except of the original blog article published on Refinitiv Perspectives. Continue reading the rest of the article here.
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