Coalition Greenwich (a division of CRISIL)

No. 1 Ranking by Coalition Greenwich (a division of CRISIL) - In 2023 and 2024, the CashPro App received the top mobile ranking in Coalition Greenwich (a division of CRISIL)'s annual Digital Transformation Benchmarking Study. "The CashPro team at Bank of America has been extraordinary at providing a sophisticated platform for its clients, not least being its mobile app. The company's ongoing investment and commitment to providing the best client experience is what keeps them at the top of our rankings year after year," said Chris McDonnell, head of Community, Commercial and Digital Banking at Coalition Greenwich (a division of CRISIL). Learn more --> Digital Transformation Benchmarking (https://lnkd.in/gVbXTXt5) https://lnkd.in/g8JAu6ya

Mollie Devine, CFA, head of markets competitor analytics at Coalition Greenwich (a division of CRISIL), said prime brokerage was the hottest battleground in global banks' equities businesses, particularly since a dealmaking slump has crushed advisory fees. "A number of banks have solved different equations and ended up with prime as the place they wanted to invest within equities," she said. Reuters News Agency | Lawrence White | Sinead Cruise | https://lnkd.in/gUBTFxpD

IRD notional volume was up by 11% between 2022 and 2023, reaching US$324.5 trillion according to a recent Coalition Greenwich (a division of CRISIL) report. In the same time, dealer revenue from interest-rate swaps trading fell by 9% to US$7.96 billion. This demonstrates the increasingly competitive nature of the IRD dealer market. In order to protect and increase revenue, dealers must focus on client relationships says the report. The DESK Lucy Carter https://lnkd.in/ePAAQuXg.

*New report* “German institutions’ current allocations to alternative asset classes lag those of institutions in other European countries and are far smaller than those seen in the U.S.,” says Christopher Dunn, CFA, Head of Investment Management - Continental Europe at Coalition Greenwich. “Over the next three years, German institutions are planning a renewed push into alts, with a focus on private equity and infrastructure.” https://lnkd.in/g-7KgvQc

Japan’s initially slow adoption of e-trading is increasing in pace as local investors seek liquidity in local and foreign markets, according to a recent report from Coalition Greenwich (a division of CRISIL). On the future of e-trading, the report concludes: “As the fourth largest economy in the world, the largest holder of U.S. Treasuries and a very significant investor in global fixed income markets broadly, the Japanese market is an inevitable growth story for fixed income e-trading in the years ahead.”  The DESK | Lucy Carter | https://lnkd.in/gsEUS3Rj

*New report* “Today, there is increasing pressure on banks in Asia to build deeper digital functionalities through digital transformation strategies specific to transaction banking,” says Parijat Banerjee, Head of Asia-Pacific at Coalition Greenwich (a division of CRISIL) and report co-author. “Corporate clients are looking for substance in addition to style.” In Asia, transaction banking has “digitized” at a slower pace than other aspects of the corporate banking and financial industries, but digital capabilities are now increasing in importance among Asia-based corporates looking for new providers for transaction banking. Elijah Lim | Ruchirangad Agarwal | https://lnkd.in/eNAw8kSK

*New report* Interest-rate derivatives (IRD) trading is an increasingly competitive business for dealers. In 2023, revenues for dealers declined, even as trading volumes increased, and a growing share of those revenues were captured by the biggest global IRD dealers, leaving the rest of the market fighting for a piece of the action. “IRD dealers face a host of challenges, including regulatory mandates governing capital, competition for talent and the need to constantly invest in technology,” says Stephen Bruel, Senior Analyst in the Market Structure & Technology group at Coalition Greenwich and author of the report. “These forces can erode the quality of service if not managed closely—if a dealer loses top traders or underinvests in technology, their clients will notice and can redirect flow to other banks.” https://lnkd.in/eGpqUwkm

A recent report from Coalition Greenwich (a division of CRISIL) noted that electronic trading levels have hovered at around 60-70% of market share for the year to date, with 2023’s full-year levels averaging at 64%. Kevin McPartland, head of research, market structure and technology says that; “Even in US equity markets, which are hyper-electronic, institutional investors executed 44% of their volume via a sales trader in 2023. The dynamic in the Treasury market is similar.” The DESK | Lucy Carter | https://lnkd.in/eYXaSVh3

*New report* “Innovative solutions targeting the local market, competition from global competitors and strong demand for global debt will all act as tailwinds to growth in e-trading,” says Seiji Ishii, Head of Japan at Coalition Greenwich and report co-author. “While that growth will change the nature of buy-side to sell-side relationships, relationships will remain critical to market functioning, with technology ultimately enhancing the level of service provided.” https://lnkd.in/eyaJKF39

Coalition Greenwich (a division of CRISIL) said in a report in June this year, ‘Corporate Bond Dealers Focus on Trade Automation’, that gaining access to additional data sources was the third top technology priority in 2024. Kevin McPartland noted that a big question is where the line should be drawn between technical differentiation (aka secret sauce) and must-have utility… Shanny Basar | Markets Media | https://lnkd.in/euTEY9sd.