The rise of electronic trading in fixed income securities, exchange traded funds (ETFs) and derivatives has led to more automated trading, though there is a long way to go before automation reaches the same levels as in the equities and foreign exchange markets. The benefits for asset managers and other institutional investors are clear: streamlined workflows, faster price discovery, quicker transactions, lower costs, improved auditability, enhanced regulatory compliance and reduced operational risk. All of this frees-up time for investors’ trading desks to focus on more complex trades that require their full attention.
