The TRADE News: The TRADE’s Crystal Ball 2021: Regulation

2020 was a year that forced market participants across the spectrum to adapt and react. While this demonstrated yet again the strength of the global markets, I suspect we’ll ultimately look back and see it as a catalyst event given the time, effort and resource firms invested in their futures.

For example, the buy-side further built out the infrastructures needed to access additional liquidity and lower transaction costs. Meanwhile, issuers continued to grow their product distribution channels despite heightened volatility and continued liquidity fragmentation. We expect 2021 will see these trends continue, especially as alternative sources of electronic liquidity across credit, derivatives and equities come online and cause market participants to take a fresh look at their approach to managing risk.

– Bryan Christian, head of institutional services, Old Mission

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