The changing shape of fixed income trading

Fixed income markets are changing rapidly. Volumes have surged, electronification is spreading across products, and banks and buy-side firms must navigate a growing web of venues, workflows and liquidity sources. Meanwhile, costs are rising, regulators are watching closely, and clients expect faster execution and seamless access to liquidity.

In this video, Tim Whipman, head of business development, and Judd Gaddie, chief technology officer at TransFICC, discuss the pressures facing trading firms, how new liquidity providers and protocols such as all-to-all and portfolio trading are reshaping market structure, and why more firms are outsourcing market access. They also explore where to prioritise technology investment, whether bespoke workflows can now be fully automated and where competitive advantage will lie in the coming years.

Key discussion points:

• 01:10 – The pressures facing banks, market-makers and buy-side firms
• 02:25 – How market structure is evolving, and the rise of liquidity outsourcing
• 05:20 – Technology as an enabler: prioritising investment and automating complex workflows
• 09:50 – The next three to five years in fixed income trading