Fixed Income EMS: Turning E-Trading Up to 11

Report Summary

Fixed Income EMS: Turning E-Trading Up to 11

Massive steps forward in fixed income e-trading in recent years spell out significant opportunity for the fixed income EMS market.


Colby Jenkins
Strategic Advisor

February 16, 2023 – The global fixed income market has undergone a significant transformation in terms of workflow optimization and e-trading technology adoption. Although e-trading percentages leveled off some by the latter half of 2022, optimism with respect to further electronification is grounded in the fact that new technology is no longer nice to have but, in some instances, is necessary to navigate an increasingly electronic and complex liquidity landscape.

This report seeks to unveil the current state of fixed income EMS technology and the motivation behind the adoption of solutions. It is based on Aite-Novarica Group interviews with 11 technology providers using a series of qualitative and quantitative questions between June and December 2022.

Clients of Aite-Novarica Group’s Capital Markets service can download this report and the corresponding charts.

This report mentions Broadridge, Charles River Development, Enfusion, Eze Software, Factset, Fidessa, ION Group, ITG, Itiviti, LSEG, Portware, Refinitiv, SS&C, State Street, TORA, and Virtu.

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